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Of the Bond maturities referenced above, the following amounts are allocable to the <br />Series 2001 Refunding Bonds: <br />Year Amount <br />2009 <br />$70,000 <br />2010 <br />65,000 <br />2011 <br />60,000 <br />2012 <br />65,000 <br />2013 <br />65,000 <br />2014 <br />70,000 <br />2015 <br />70,000 <br />2016 <br />70,000 <br />Of the Bond maturities referenced hereinabove, the following amounts are allocable to <br />the Series 2002 Refunding Bonds: <br />Year Amount <br />2010 <br />35,000 <br />2011 <br />40,000 <br />2012 <br />40,000 <br />2013 <br />40,000 <br />2014 <br />40,000 <br />2015 <br />40,000 <br />2016 <br />40,000 <br />2017 <br />45,000 <br />2018 <br />45,000 <br />2019 <br />50,000 <br />2020 <br />50,000 <br />2021 <br />50,000 <br />The Bonds shall be issuable only in fully registered form. The interest thereon and, upon <br />surrender of each Bond, the principal amount thereof shall be payable by check or draft issued by <br />the Registrar described herein, provided that, so long as the Bonds are registered in the naive of a <br />securities depository or a nominee thereof, in accordance with Section 2.08 hereof, principal and <br />interest shall be payable in accordance with the operational arrangements of the securities <br />depository. <br />2.03. Dates and Interest Payment Dates. Upon initial delivery of the Bonds <br />pursuant to Section 2.07 and upon any subsequent transfer or exchange pursuant to Section 2.06, <br />the date of authentication shall be noted on each Bond so delivered, exchanged or transferred. <br />The interest on the Bonds shall be payable on December 1 and June 1 in each year, commencing <br />December 1, 2009, to the owner of record thereof as of the close of business on the fifteenth day <br />of the preceding month, whether or not such day is a business day. Interest shall be computed on <br />the basis of a 360 -day year composed of twelve 30 -day months. <br />M <br />