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paid; shall be dated August 6, 1982; shall mature on August 5, 1983; <br />shall not be subject to redemption by the City at any time prior to <br />maturity, unless the original purchaser of the Notes requests that the <br />Notes provide for such redemption, in which case provision shall be <br />made for calling the Notes for redemption upon ten (10) days written <br />notice to the Qriginal purchaser; shall be designated "1980 WaSte <br />Water Treatment Plant Engineering Bond Anticipation Notes - 1982 <br />Renewal"; shall be issued in such numbers and denominations as may be <br />requested by the original purchaser; and shall be payable as to both <br />principal and interest at the offices of the Director of Finance of the <br />City, or at banks or trust companies, as determined by the Director of <br />Finance, without deduction for exchange, collection or service charge. <br /> <br /> Section 4. The Notes shall be executed by the Mayor and <br />Director of Finance, provided.that one of such signatures may be a fac- <br />simile signature, and bear the seal of the corporation or a facsimile <br />thereof. The Notes shall express upon their faces the purpose for which <br />they are issued and that they are issued pursuant to this ordinance. <br /> <br /> Section 5. Subject to the rejection of the Notes by the <br />Director of Finance for investment in the Bond Retirement Fund, the <br />Notes shall be.sold at the par value thereof by the Director of Finance <br />at private sale at an interest rate not exceeding that specified in <br />Section 3 of this ordinance and in accordance with the best imterests <br />and welfare of the City; and the Director of Finance is hereby author- <br />ized and directed to deliver the Notes, when executed, to the original <br />purchaser or purchasers thereof upon payment of the purchase price. The <br />proceeds of such sale shall be paid into the proper fund and used for <br />the purpose for which the Notes are being issued under the provisions of <br />this ordinance. Any premium and accrued interest shall be transferred <br />to the Bond Retirement Fund to be applied to the payment of the princi- <br />pal of and interest on the Notes in the manner provided by law. <br /> <br />-3- <br /> <br /> <br />