Laserfiche WebLink
K,ir�r,rl <br /> , . ��,<,�;. r,�.1���c� <br /> . °4 b� <br /> Section 1. That in order to raise the sum presently <br /> needed for paying part of the cost of refunding the Outstanding <br /> Bonds , there be borrowed by, for and on behalf of the City the <br /> sum of $12,760 ,000 and to evidence said loan negotiable coupon <br /> bonds of the City be issued (the "Bonds" ) . Each of the Bonds <br /> shall be designated "General Obligation Refunding Bond, Series <br /> ►� <br /> 1 8 be dated June 1 I. 8 be numbered consecutivel. from 1 <br /> 9 3, 5 , 9 3, Y <br />' to 2,552 , inclusive, be of the denomination of $5 ,000 each, <br />� become due serially on October i of each of the years and in the <br /> amounts and bearing interest at the rates per annum as follows <br /> (sub�ject to the right of prior redemption hereinafter stated) : <br /> Year of Principal Rate of <br /> Maturity Amount Interest <br /> 1985 $ 145 ,000 6. 25% <br /> 1986 z5o,000 6. 50� <br /> 1.987 1.65 ,000 7. 00� <br /> 1988 170,000 7. 30� <br /> 1989 200 ,000 7 . 60% <br /> 1990 810,000 7. 90% <br /> 1991 870 ,000 8 . 2oq <br /> 1992 950,000 8. 50% <br /> 1993 i,o25 ,000 8 .80� <br /> 1994 1,100,000 9.00% <br /> 1995 1, 200 ,000 9 . 20� <br /> 1996 1, 300,000 9. 3oq <br /> i997 1,�25 ,000 9 . 4oq <br /> 1998 �, 550,000 9. 50� <br /> 1999 1,700 ,000 9 . 6oq <br /> which such interest becoming due on the Bonds shall be payable <br /> on October 1, 1984, and semiannually thereafter on the first <br /> days of April and October in each year until paid. Interest <br /> payments to date of maturity of principal shall be evidenced by <br /> -�4- <br />