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<br />• , ?.?,. <br />? <br /> <br />toboggan slide, acquiring, developing and improving the site therefor, and <br />providing furnishings and equipment for such recreation center and grounds. <br />The Director of Finance shall determine the aggregate principal <br />amount of the Bonds not to exceed $3,370,000 in the certificate providing for <br />the award of the Bonds and signed by the Director of Finance in accordance <br />with Section 7 of this ordinance (the Certificate of Award). <br />Section 2. The Bonds shall be issued in one lot and only as fully <br />registered bonds, in the denominations of $5,000 or any integral multiple <br />thereof, but in no case as to a particular maturity date exceeding the <br />principal amount maturing on that date. The Bonds shall be dated as of <br />October 15, 1992 unless otherwise specified by the Director of Finance in the <br />Certificate of Award. <br />The Bonds shall bear interest at the rate or rates (computed on a <br />360-day per year basis) not exceeding 8% per year for any stated maturity, as <br />specified in the Certificate of Award; provided that the Bonds of any one <br />maturity shall all bear the same rate of interest. Interest on the Bonds <br />shall be payable on June 15 and December 15 of each year (the Interest Payment <br />Dates), commencing June 15, 1993, until the principal amount has been paid or <br />provided for. The Bonds shall bear interest from the most recent date to <br />wliich interest has been paid or provided for or, if no interest has been paid <br />or provided for, from their date. <br />The Bonds shall mature on December 15 of each of the following years <br />(the Principal Payment Dates) in the following principal amounts: <br />Principal <br />Year Amount <br />1993 $280,000 <br />1994 290,000 <br />1995 300,000 <br />1996 310,000 <br />1997 325,000 <br />1998 340,000 <br />1999 355,000 <br />2000 370,000 <br />2001 390,000 <br />2002 410,000 <br />The principal amount maturing on each Principal Payment Date may be <br />revised as determined by the Director of Finance in the Certificate of Award; <br />provided that (i) the total principal and interest payments on the Bonds in <br />any fiscai year in which principal is payable shall be not more than three <br />times the amount of those payments in any other fiscal year and (ii) the <br />aggregate principal and interest payments on the Bonds shall be less than the <br />aggregate principal and interest payments on the Original Bonds as provided in <br />the Original Bond Legislation. <br />- 2 - <br />I I . . . . . .... . ... _.. ...... . .. .. . . ... .... ... . , .. ....:. ?,.... }. ..:..