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i ' � <br /> be determined by the Bond Registrar , and shall become due and <br /> payable serially on January 1 of the years and in tlze amounts and <br /> bearing interest at the rates percent per annum as follows : <br /> Year Amount ( $ ) Rate (9�) <br /> 1989 200, 000 6 . 00 <br /> 1990 200,000 6 . 20 <br /> 1991 200, 000 6 . 50 <br /> 1992 200 , 000 6 . 75 <br /> 1993 200, 000 7 . 00 <br /> 1994 200 ,000 7 . 15 <br /> 1995 200 , 000 7 . 25 <br /> 1996 200, 000 7 . 40 <br /> 1997 200 , 000 7. 50 <br /> 1998 200, 000 7 . 70 <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 , 1988 . 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 Bonds shall <br /> be payable in lawful money of the United States of America upon <br /> presentation thereof at the office of the Paying Agent ir. the <br /> City of Decatur , Illinois , or at any successor Paying Agent . <br /> -6- <br />