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one per cent and a zero rate of interest cannot be <br />specified; (iii) no bond shall bear more than one rate <br />of interest, no interest payment shall be evidenced by <br />more than one coupon and supplemental coupons will not <br />be pe~mitted; (iv) each bond shall bear interest from <br />its date to its stated maturity date at the interest <br />rate specified in the bid; (v) all bonds of the same <br />maturity shall bear the same rate of interest; and (vi) <br />any premium must be paid in bank funds as part of the <br />purchase price, and no bid will be accepted which pro- <br />vides for the cancellation and surrender of any interest <br />coupon or for the waiver of interest or other concession <br />by the bidder as a substitute for immediately available <br />bank funds. Bids which do not conform to the terms of <br />this paragraph will be rejected. <br /> <br />PAI~ENT: Both principal and interest are pay- <br /> <br /> able in lawful money of the United <br /> <br />States of America at the San Francisco Main Office of <br />Rank of America National Trust and Savings Association, <br />in San Francisco, California, or at holder's option, at <br />the principal office of First National City Bank, in New <br />York, New York, or at the office of The First National <br />Rank of Chicago, in Chicago, Illinois. <br /> <br />EXECUTION AND Coupon bonds will be issued by the <br />REGISTRATION: <br /> City. The bonds will be executed by <br /> <br />the manual signature of at least one official authorized <br />to execute the bonds. The bonds are registrable as to <br />principal only or as to both principal and interest. <br /> <br />Registered bonds are subject to <br />registration as provided in the <br />the issuance of the bonds. <br /> <br />de-registration and re- <br />resolutions authorizing <br /> <br /> <br />