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Interest Interest
<br />Yesxr Amount Rate , Year Amount Rate ___..
<br />1967 $70,000 1985 $60,000
<br />1968 70,000 1083 60,000
<br />1969 70,000 1984 60,000
<br />1970 70,000 1985 6o,000
<br />1971 70,000 1986 60,000
<br />1972 70,000 1987 . 60,000
<br />1973 70,000 '19 60,000
<br />1974 70,000 1989 6o,000
<br />1975 70,000 1990 60,000
<br />1976 Tomo 1991 60,00o
<br />1977 ... 70,000 1992 60,000
<br />1978 708000 199 94 6o,00o
<br />1979. 60,000 19 6o,�
<br />1980 . 60,0 1991 60,000
<br />1981. 60,000
<br />interest *hall be payable each Qctober 1 and April 1, commencing on October 1,
<br />1965. Interest at the basic rate applicable to each bond, fran 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 shalt bear additional interest represented by
<br />separate coupons designated as "8" cot poem, at the rate of liver annum for
<br />the limited period frcn ,.19 , to •, 19 . The bongs
<br />atu'ing in t years 1967 through 1976 /teal1 not be tUbjec1 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 pries �lt 1 of,par and accrued int
<br />for any bond redeemed before April 1, 1986, or a price of 101% of par plus ac
<br />interest for any bond redeemed on or after said date. Not lees than thirty days
<br />before the date specified for preys/sleet and redesgrtion of any of said bonds, the
<br />Village Treasurer shall mail notice of the call thereof to the holder, if known,
<br />and to the bank at vhicb principal and interest are then payable, and the Treasurer
<br />is directed to maintain a•recosd, of the nsmss' and addressee of holders of prepayabl
<br />bonds "for the purpose of *aging such notices so fir as such information is made
<br />available to him. The principal of and interest on said bonds shall be payable a
<br />in
<br />, and the Village hereby agrees to pay the
<br />reasonable and customary charges of such paying agent for the receipt and disbur
<br />meat thereof.
<br />3. The bonds shallle prepared for execution forthwith, executed and
<br />delivered to , of
<br />as purchaser thereof, in the manner and subetan
<br />tiel1y' in the for set forth in sand'. t ltlnanoe Mo. 68, upon payment by the. p
<br />of par plus accrued interest, as provided in the contract of sale of said bonds
<br />heretofore accepted by this Council. 'mr prooseds of issuing said bonds shall be
<br />credited by the Treasurer to the !Wag and in the smoUets as • tabus :
<br />UND
<br />we nemsaliMID
<br />•
<br />Sanitary and Storm Sewer and Street Re-
<br />surfacing improvement.
<br />Street and Water improvement 1964-1
<br />Street and lister improvement 19644
<br />`w,.,, e. Y Rood "ii" Water Tmerevement 194+1
<br />.:.a Lake Road Wate . lhproveaen 1965 -2
<br />$1,757,
<br />4
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