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hereinabove in the preamble hereof, there be issued and sold water
<br /> revenue bonds of said City, to be designated "Water Revenue Bonds,
<br /> Series of 1972, " in the principal amount of $8,000,000, which bonds
<br /> shall bear date of June l, 1972, to be of the denomination of $5,000
<br /> each, to be numbered consecutively from 1 to 1600, inclusive, to
<br /> bear interest at the rate of not to exceed six per cent (6�) per
<br /> annum, payable on September 1, 19?2 and semiannually thereafter on
<br /> the first days of March and September in each year, and mature ser3-
<br /> �lly on September 1 of each of the years and in the amounts as
<br /> follows :
<br /> Bond Numbers
<br /> Year Amount (a1 1 numbers inclusive)
<br /> i9?3 $150,000 1 to 30
<br /> 197� 150,000 31 to 60
<br /> 1975 200,000 61 to loo
<br /> 1976 200,000 lol to l�+o
<br />� 1977 300,o00 l�-1 to 200
<br /> 1978 300,000 201 to 260
<br /> 1979 309,000 261 to 320
<br /> 1980 �+oo,o00 32i to �+oo
<br /> 1981 �+oo,o00 401 to �+80
<br /> i982 �+oo,000 �+81 to 560
<br />' 1983 500,000 561 to 660
<br /> 198�+ 500,000 66i to 760
<br /> 1985 500,000 761 to 860
<br /> 1986 5go,000 861 to 960
<br /> 1987 500,000 961 to l060
<br /> �988 500,000 1061 to 1160
<br /> 1989 500,000 1161 to 1260
<br /> 1990 500,000 1261 to 1360
<br /> 1991 600,00o i361 to i�8o
<br /> 1992 600,o0o i�-81 to 1600-
<br /> provided, however, that of said bonds, bonds numbered 1061 to 1600,
<br /> inclusive, in the aggregate amount of $2,700,000, shall be subject
<br /> to redemption and payment prior to their maturity, at the option of
<br /> the City, at par and accrued interest to date of redemption, on any
<br /> interest payment date on or after September 1, 1987, in the inverse
<br /> order in which they are numbered9 that is to say, bond number 1600
<br /> shall first be redeemed before bond numbered 1599 is redeemed, and so
<br /> on, continuing such priority of redemption as to all of said bonds
<br /> sub�ect to redemption prior to maturity.
<br /> Written notice of its opt3on to redeem and pay prior to
<br /> their maturity any or all of said bonds shall be given by the City
<br /> to the holder of each such bond called for redemption, if known,
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