Laserfiche WebLink
� <br /> Section 4. Bond Details. For the purpose of providing for such costs, there shall be <br /> issued and sold the Bonds in the principal amount of not to exceed $34,000,000. The Bonds <br /> shall each be designated "General Obligation Refunding Bond, Series 2003" or such other name <br /> or names or series designation as may be appropriate and as stated in the Bond Notification. The <br /> Bonds, if issued, shall be issued in an amount not to exceed $34,000,000, shall be dated such <br /> date (not prior to September 1, 2003, and not later than April 15, 2004) as set forth in the Bond <br /> Notification, and sha11 also beaz the date of authentication, sha11 be in fully registered form, shall <br /> be in denominations of$5,000 each or authorized integral multiples thereof(but no single Bond <br /> shall represent installments of principal maturing on more than one date), and shall be numbered <br /> 1 and upward. The Bonds shall become due and payable serially or be subject to mandatory <br /> redemption (subject to prior redemption as hereinafter described) on March 1 of each of the <br /> years (not later than 2025), in the amounts (not exceeding $2,300,000 per year) and bearing <br /> interest at the rates per annum (not exceeding 6.25% per annum) as set forth in the Bond <br /> Notification. The Bonds shall bear interest from their date or from the most recent interest <br /> payment date to which interest has been paid or duly provided for, until the principal amount of <br /> the Bonds is paid, such interest (computed upon the basis of a 360-day yeaz of twelve 30-day <br /> months) being payable semi-annually commencing with the first interest payment date as set <br /> forth in the Bond Notification, and on March 1 and September 1 of each year thereafter to <br /> maturity. <br /> Interest on each Bond shall be paid by check or draft of the Paying Agent, payable upon <br /> presentation thereof in lawful money of the United States of America, to the person in whose <br /> name such Bond is registered at the close of business on the applicable Record Date (the <br /> "Record Date"). The Record Date shall be the 15th day of the month next preceding any regular <br /> or other interest payment date occurring on the lst day of any month and 15 days preceding any <br /> -6- <br />