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15-82 Amend 10-82
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15-82 Amend 10-82
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Last modified
5/14/2013 3:10:01 PM
Creation date
12/21/2005 6:12:38 AM
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Office Of Council
Document Type
Ordinances
Date
12/21/2005
Date Adopted
3/1/1982
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Year <br /> <br />1985 <br />1986 <br />1987 <br />1988 <br />1989 <br />1990 <br /> <br />coupon form shall be dated February 1, 1982, shall <br />be in the denomination of $5,000 each and shall be <br />reglstrabte as to principal. The Series 1982 <br />Bonds in fully registered form shall be in the <br />denomination of $5,000 or any multiple thereof; <br />provided, that the Fiscal Officer with approval of <br />the Trustee may authorize issuance of one or more <br />fully registered Bonds representing more than one <br />maturity with appropriate changes in the form of <br />such Series 1982 Bond to cover more than one <br />maturity. The Series 1982 Bonds in coupon form <br />shall be numbered consecutively commencing with <br />No. 1, and the fully registered Series 1982 Bonds <br />shall be numbered as determined by the Fiscal <br />Officer. Each Series 1982 Bond in fully registered <br />form shall be dated as of the interest payment <br />date on which it is authenticated or the interest <br />payment date next preceding the date of its authen- <br />tication or as of the same date as the coupon <br />bonds if authenticated prior to the first interest <br />payment date; provided, however, that if, at the <br />time of authentication of a fully registered <br /> Series 1982 Bond, interest is in default, such <br />Series 1982 Bond shall be dated as of the date to <br />which interest has been paid. The Series 1982 <br />Bonds shall bear interest payable semi-annually on <br /> the first day of each February and August of each <br /> year, begInning August 1, 1982 until the principal <br /> sum is paid, at a rate or rates per annum to be <br /> determined by the Executive and the Fiscal Officer, <br /> with interest at the same respective rate on any <br /> overdue principal, and, to the extent that payment <br /> of such interest is enforceable under applicable <br /> law, on any overdue installment of interest; <br /> provided, however, that the rate of interest <br /> payable on any Series 1982 Bond shall not exceed <br /> sixteen per cent (16~) per annum. The principal <br /> of the Series 1982 Bonds shall mature on the first <br /> day of Februrary, in each of the years and in the <br /> principal amounts set opposite the respective <br /> years as follows: <br /> <br />Amount to be <br /> Retired Year <br /> <br />Amount to be <br /> Retired <br /> <br />$ 75,000 1991 $ 140,000 <br />80,000 1992 160,000 <br />90,000 1993 180,000 <br />100,000 1994 200,000 <br />115,000 2004 4,535,000 <br />125,000 2014 17,950,000 <br /> <br /> The Series 1982 Bonds maturing on Dr,after <br />February 1, 1993, shall be subject to redemption <br />at the option of the Issuer in whole or in part on <br />any interest payment date on or after February 1, <br />1992, at redemption prices equal to the following <br />percentages of the principal amount redeemed, plus <br />accrued interest to the date fixed for redemption: <br /> <br /> <br />
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