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INTEREST RATE: Maximum not to exceed six per cent <br /> <br /> (6~) per annum, payable semiannually <br /> <br />on May 1 and November 1 in each year. Bidders must specify <br />the rate or rates of interest which the bonds shall bear; <br />provided that (i) all bonds maturing by their terms in any <br />one year must bear the same rate of interest; (ii) each <br />interest rate specified must be in a multiple of 1/20 of <br /> <br />15 and a zero rate of interest cannot be specified; (iii) <br />the difference between the lowest and highest interest <br />rates specified in any bid shall not exceed 1-1/2~; (iv) <br />no bond shall bear more than one rate of interest, no <br />interest payment shall be evidenced by more than one cou- <br />pon, and supplemental coupons will not be permitted; (v) <br />each bond shall bear interest from its date to its stated <br />maturity date at the interest rate specified in the bid; <br />and (vi) any premium must be paid in bank funds as part <br />of the purchase price and no bid will be accepted which <br />contemplates the cancellation of any interest coupons or <br />the waiver of any interest or other concession by the bid- <br />der as a substitute for payment in full of the purchase <br />price in bank funds. Bids which do not conform to the <br /> <br />terms of this <br />MATURITIES: <br /> <br />paragraph will be rejected. <br /> <br /> The bonds will mature <br /> <br /> Maturity Date (May 1) <br /> (all ~ears inclusive) <br /> <br /> 1969 - 1976 <br /> 1977 - 1982 <br /> 1993 <br /> <br />as follows: <br /> <br />Principal <br />Amount <br /> <br />$ 10,000 <br /> 15,000 <br /> 230,000 <br /> <br />MANDATORY CALL: The resolution creates a Series A <br /> <br /> Sinking Fund Account to be used for <br /> <br />mandatory call and redemption of the Series A bonds matur- <br />ing May 1, 1993, as follows: <br /> <br />3 <br /> <br /> <br />