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� 6 <br /> cent (7%) per annum, and shall become dne serially on January 1 of <br /> each of the years and in the amounts as followss ' <br /> Bonds Numbered I <br /> Year Amount (All Numbers Inclusive) I <br /> 1977 $125,()00 1 to 25 <br /> 19?8 350,000 26 to 95 <br /> 1979 3?5,000 96 to 170 <br /> 1980 375,000 17I to 245 <br /> 1981 3'75,000 246 t o 320 <br /> 1982 450,000 321 to 410 <br /> 1983 450,000 411 to 500 <br /> 1984 450,000 501 to 590 <br /> 1985 525,000 591 to 695 <br /> 1986 525,000 696 to 800 <br /> 1987 550,000 801 to 910 <br /> 1988 600,000 91I to 1030 <br /> 1989 600,000 1031 to 1150 <br /> 1990 650,000 1151 to 1280 <br /> That the interest on said bonds shall be payable on January 1, 1976, <br /> and semi-annually thert3after on the first days of July and Janu azy <br /> in each year. <br /> Both principal of and interest on said bonds shall be pay- <br /> able in la wFul money of the United States of America, at such place <br /> as may hereafter be agreed upon betw�een the Qouncil of said City and <br /> the parchaser of the bonds here in authorized. Interest due on or <br /> prior to maturity is payable only upon presentation and surrender of <br /> the interest ooupons thereto attached as they severally become due. <br />