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- , , . �,c'�4e�i <br /> . .���,� <br /> � <br /> $10, 750, 000 original issue General Obligation <br /> Surface Water Drainage System Bonds, Series of <br /> 1982, dated March l , 1982, of which $10,750,000 <br /> are currently outstanding, of the denomination <br /> of $5,000 each, due serially on January 1 of <br /> the years and in the amounts and bearing <br /> interest at the rates per annum, as follows : <br />, Years Amount Rate of Interest <br /> 1991 $ 615, 000 11. 25q <br /> 1992 685,000 11 .50� <br /> 1993 760,000 11 ,75q <br /> 1994 850,000 12.00% <br /> 1995 950, 000 12. 25q <br /> 1996 1 ,070,000 12.50% <br /> z997 1 , 205,000 12. 75q <br /> 1998 1 ,355,000 13.0oq <br /> 1999 1 , 530, 000 13. 00% <br /> 2000 1 ,730,000 13.00% <br /> Section 1. 12. Treasurer - "the Treasurer of the <br /> Municipality. " <br /> ARTICLE II. CREATION OF ESCROW <br /> Section 2.01. All of the Prior Bonds are hereby re- <br /> funded by the deposit with the Escrow Agent of moneys sufficient <br /> to purchase the Government Securities described in Section 2.02 <br /> hereof which (with the beginning cash balance) will provide all <br /> moneys necessary to pay all interest when due and to pay at <br /> maturity or applicable date of redemption all principal of the <br /> Prior Bonds . The Municipality has heretofore deposited with the <br /> Paying Agent a sum sufficient to pay the interest due on the <br /> Prior Bonds on July l , 1983. Therefore, the Escrow Agent shall <br /> apply the Government Securities and the beginning cash balance <br /> deposited with the Escrow Agent to paying the interest on and <br /> principal due after July l , 1983, on the Prior Bonds . <br /> EA3 <br />