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<br />Interest Interest
<br />Year Amount Rate Year Amount Rate
<br />1967 $70,000 1982 $6o,000
<br />1968 70,000 1983 60,000
<br />1969 70,000 1984 60,000
<br />1970 70,000 1985 60,000
<br />1971. 70,000 1986 60,00o
<br />1972 70,000 1987 60,000
<br />1973 70,000 1988 60,000
<br />1974 70,000 1989 60,000
<br />1975 70,000 1990 60,000
<br />1976 70,000 1991 6o,o00
<br />1977 7 0 000 1992 60,
<br />1978 70,000 1993 60,000
<br />1979 60,000 1994 6o,oco
<br />1980 60,000 1995 60,000
<br />1981 60,000
<br />Interest shall be payable each October 1 and April 1, commencing on October 1,
<br />1965. Interest at the basic rate applicable to each bond, from date of issue to
<br />maturity, shall be represented by appropriate interest coupons appurtenant to such
<br />bond, and each and all of the bonds shall bear additional interest represented by
<br />separate coupons designated as "B" coupons, at the rate of per annum for
<br />the limited period from 19 to 19':- The bonds
<br />maturing in the years 1967 through 1976 shall not be subject to redemption before
<br />maturity, but those maturing in the years 1977 through 1995 shall be each subject
<br />to redemption and prepayment at the option of the Village on April 1, 1976, and
<br />any interest payment date thereafter, at a price of 102% of par and accrued interest
<br />for any boad redeemed before April 1, 1986, or a price of 101% of par plus accrued
<br />n.nterest for any bond redeemed on or after said sate. Not less than thin days
<br />before the date specified for prepayment and redemption of any of said bonds, the
<br />Village Treasurer shall mail notice of the cell thereof to the holder, if known,
<br />and to the bank at which principal and interest are then payable, and the Treasurer
<br />is directed to maintain a record of the names and addresses of holders of prepayable
<br />bonds for the purpose of mailing such notices so far as such information is made
<br />available to him. The principal of and interest on said bonds shall be payable at
<br />in and the Village hereby agrees to pay the
<br />reasonable and customary charges of such paying agent for the receipt and disburse-
<br />ment thereof.
<br />3. The bonds shall be prepared for execution forthwith, executed and
<br />delivered to of
<br />as purchaser thereof, in the manner and substan-
<br />tially in the form set forth in said Ordinance No. 68, upon payment by the purchaser
<br />of par plus accrued interest, as provided in the contract of sale of said bonds
<br />heretofore accepted by this Council. The proceeds of issuing said bonds shall be
<br />credited by the Treasurer to the funds and in the amounts as follows:
<br />FUND
<br />Sanitary and Storm Sewer and Street Re-
<br />surfacing improvement
<br />Street and Water improvement 1964 -1
<br />Street and Water improvement 1964 -2
<br />County Road "H" Water Dnprovement 1965 -1
<br />Silver Lake Road Water improvement 1965 -2
<br />MOUNT
<br />$1.,757,
<br />
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