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-6- <br /> That the interest on said bonds shall be payable on <br /> January l, 1983, and semiannually thereafter on the first days <br /> of July and January in each year, such interest to be computed <br /> on the basis of a 360-day year, consisting of twelve 30-day <br /> months . <br /> Both principal of and interest on said bonds shall be <br /> payable in lawful money of the United States of America, at <br /> the principal office of The First National Bank of Chicago, <br /> Chicago, Illinois. Interest due on or prior to maturity is <br /> payable only upon presentation and surrender of the interest <br /> coupons thereto attached as they severally become due. <br /> The bonds shall be signed by the facsimile signature <br /> of the Mayor of said City, shall be sealed with the facsimile of <br /> the corporate seal thereof, and be attested by the City Clerk, <br /> and the interest coupons evidencing the interest becoming due <br /> and payable on said bonds shall be executed with the facsimile <br /> signatures of said P•4ayor and said City Clerk, which said officials, ' <br /> by the execution of said bonds, shall adopt as and for their own II <br /> proper signatures their respective facsimile signatures appearing I <br /> on each of said interest coupons. <br /> Section 2. That the bonds hereby authorized shall be <br /> payable to bearer, provided, however , that such bonds may be <br /> sub�ect to registration as to principal in the name of the holder <br /> on the books of the City Treasurer, such registration to be <br />