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r <br /> � . <br /> Year Amount ($) Rate (�) <br /> 1991 490,000 6.00 <br /> 1992 490,000 6.05 <br /> 1993 490,000 6.10 <br /> 1994 490,000 6.15 <br /> 1995 490,000 6.20 <br /> 1996 490,000 6.25 <br /> 1997 490,000 6.30 <br /> 1998 490,000 6.35 <br /> 1999 490,000 6.40 <br /> 2000 490,000 6.45 <br /> Each Bond shall bear interest from the later of its <br /> Dated Date as herein provided or from the most recent interest <br /> payment date to which interest has been paid or duly provided <br /> for, until the principal amount of such Bond is paid or duly pro- <br /> vided for, such interest (computed upon the basis of a 360-day <br /> year of twelve 30-day months) being payable on January 1 and <br /> July 1 of each year, commencing on July 1, 1990. Interest on <br /> each Bond shall be paid by check of the Paying Agent, payable <br /> upon presentation thereof in lawful money of the United States of <br /> America, to the person in whose name such Bond is registered at <br /> the close of business on the 15th day of the month next preceding <br /> the interest payment date. The principal due on the Honds shall <br /> be payable in lawful money of the United States of America upon <br /> presentation thereof at the office of the Paying Agent in the <br /> City of Decatur, Illinois, or at any successor Paying Agent. <br /> Section 5. Execution; Authentication <br /> The Honds shall be executed on behalf of the City by <br /> the manual or duly authorized facsimile signature of its Mayor <br /> -6- <br />' <br />