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provided in the resolution of Council approving the <br />award thereof. Such bonds shall mature as follows: <br />$21,000 on December 1 in the year 1984; $20,000 on <br />December 1 in the years 1985 and 1986; and $25,000 <br />on December 1 in each of the years from 1987 to <br />1993, inclusive; which maturities are hereby deter- <br />mined to be in substantially equal annual install- <br />ments." <br /> <br />is hereby amended to read: <br /> <br />"Section 2. Said bonds shall be dated December 1, <br />1982; shall~be numbered from 1 to 43, inclusive; <br />shall be of the denomination of $5,000 each; and <br />shall bear interest at the rate of twelve per <br />centum (12%) per annum, payable semi-annually on <br />the first day of June and the first day of December <br />of each year, beginning June 1, 1983, until the <br />principal sum is paid; provided, however, that if <br />the bonds are sold bearing a different rate of <br />interest than herein specified, such bonds shall <br />bear such rate of interest as may be provided in <br />the ordinance of Council approving the award thereof. <br />Such bonds shall mature as follows: $20,000 on <br />December 1 in each of the years from 1984 to 1990, <br />both inclusive; and $25,000 on December 1 in each <br />of the years from 1991 to 1993, both inclusive; <br />which maturities are hereby determined to be in <br />substantially equal annual installments." <br /> <br /> Section 3. Sections 1 and 2 of the Original Bond Ordinance <br />are hereby repealed. <br /> <br /> Section 4. The Bonds, bearing the terms and maturities as <br />provided in the Original Bond Ordinance, as amended, are hereby awarded <br />and sold to Magnus & Company , in accordance <br />with its bid therefor, bearing interest at the rate of eight & seven <br />eighths per centum (8-7/8%) per annum, with a premium of $216.37 , <br />which interest rate is hereby determined to be the interest rate per <br />annum to be borne by the Bonds. <br /> <br /> Section 5. The Director of Finance shall be and is hereby <br />authorized and directed to cause the Bonds to be printed forthwith and <br />thereupon have the same executed and delivered, together with a true <br />transcript of the proceedings authorizing the Bonds, to the aforesaid <br />purchaser upon payment of the par value thereof, the aforesaid premium, <br />and accrued interest to the date of delivery. <br /> <br /> Section 6. The Clerk of Council is hereby authorized and <br />directed to forward a certified copy of this ordinance to the County <br />Auditor of Cuyahoga County. <br /> <br />-3 - <br /> <br /> <br />