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<br />(e) <br /> <br />(f) <br /> <br />Year Principal Year Principal <br />I $II,OOO 10 $11,000 <br />2 II,OOO II II,OOO <br />3 II,OOO 12 II,OOO <br />4 11,000 I3 II ,000 <br />5 II ,000 14 12,000 <br />6 II,OOO 15 12,000 <br />7 II,OOO 16 12,000 <br />8 II ,000 17 12,000 <br />9 11,000 18 12,000 <br /> <br />(c) Debt Service. The Bonds will be payable as to Debt Service from any money of the <br />City lawfully available and appropriated for that purpose and, if that money is <br />insufficient, from the proceeds of an ad valorem tax to be levied on all property <br />within the City, subject to the 10-mill limitation imposed by Section 5705,02, <br />Revised Code, <br /> <br />Section 3. Note Terms. The Notes will have the following terms: <br /> <br />(a) Amount. The Notes must be issued in the principal amount of $201,000 or any <br />lesser principal amount as determined by the Director of Finance in the Certificat<; <br />of Award, <br /> <br />(b) Date. The Notes must be dated the Closing Date, or any other date, not more than <br />3 I days before the Closing Date, as determined by the Director of Finance in the <br />Certificate of Award, <br /> <br />(c) Maturity. The Notes must mature one year from their date, The Director of <br />Finance may, if she determines it to be in the best interests ofthe City, establish a <br />different maturity date, less than one year from the Closing Date, <br /> <br />(d) <br /> <br />Interest. The Notes must bear interest from their date at a rate not to exceed 8% <br />per annum, payable at maturity. Interest will be calculated on the basis of a <br />360-day year consisting of twelve, 30-day months, The rate of interest on the <br />Notes must be determined by the Director of Finance in the Certificate of Award, <br /> <br />I <br />I <br />I <br />I <br />t <br />I <br /> <br />Redemption before Stated Maturity. The Notes will not be subject to <br />redemption before maturity, uuless otherwise determined by the Director of <br />Finance in the Certificate of Award, <br /> <br />Form, Numbering and Denomination. The Notes must be issued in fully <br />registered form. They must be issued in Book-Entry Form unless the Director of <br />Finance determines in the Certificate of Award that it would not be in the best <br />interest of the City for the Notes to be in Book-Entry Form. They must be issued <br />in Authorized Denominations and in the numbers and amounts as requested by the <br />Underwriter and approved by the Director of Finance. They must be numbered as <br /> <br />2 <br />