32-89 Hospital Improvement Revenue Bonds $36 mil

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Executive, the Fiscal Officer or both as the Original Purchaser, upon terms consistent with this First Supplemental Bond Legislation, and to determine and specify in the Certificate of Award for the Series One Bonds the following terms and provisions of or with respect to the Series One Bonds: (i) the aggregate principal amount, provided that such amount shall not exceed $36,000,000 if the Series One Bonds are to be initially offered to the public at a price at least equal to one hundred percent (100%) of their aggregate principal amount, but if any of the Series One Bonds are to be initially offered to the public at an original issue discount (any such original discount being hereinafter referred to as an "Original Issue Discount"), then the maximum aggregate principal amount of Series One Bonds hereby authorized shall be increased over $36,000,000 by an amount equal to the sum of the products from multiplying the Original Issue Discount at which each Series One Bond to be sold with an Original Issue Discount is to be initially offered to the public by the principal amount of the Series One Bond to be so offered; (ii) the Specified Interest Rates for the Series One Bonds, provided that the weighted average rate per annum on the Series One Bonds shall not exceed 8-1/4% (eight and one-fourth per- cent); (iii) the Purchase Price, provided that the aggregate amount of the Purchase Price shall be not less than 98-1/2% (ninety-eight and one-half percent) of the aggregate principal amount of the Series One Bonds; (iv) the date of the Series One Bonds, the Interest Payment Dates for the Series One Bonds and the first Interest Pa.vment Date for the Series One Bonds; provided the date of the Series One Bonds shall not be later than December 1, 1989, the Interest Payment Date shall occur on the first day of a calendar month and shall be six months apart and the first Interest Payment Date for the Series One Bonds shall not be later than June 1, 1990; (v) the Principal Retirement Dates, the Term Maturity Dates and the Mandatory Redemption Dates for the Series One Bonds, provided that no such date shall be later than June 1, 2016; (vi) the Mandatory Sinking Fund Installments for the Series One Bonds; (vii) the Principal Retirement Schedule for the Series One Bonds, provided that the maximum annual Bond Service Charges for the Series One Bonds shall not exceed 200% (two hundred percent) of the minimum annual Bond Service Charges for the Series One Bonds (excluding the years 1989 and 1990 for purposes of determining such minimum); -20-