HomeMy WebLinkAboutgr00090_000014_pg40-06Interest Interest
Yesxr Amount Rate , Year Amount Rate ___..
1967 $70,000 1985 $60,000
1968 70,000 1083 60,000
1969 70,000 1984 60,000
1970 70,000 1985 6o,000
1971 70,000 1986 60,000
1972 70,000 1987 . 60,000
1973 70,000 '19 60,000
1974 70,000 1989 6o,000
1975 70,000 1990 60,000
1976 Tomo 1991 60,00o
1977 ... 70,000 1992 60,000
1978 708000 199 94 6o,00o
1979. 60,000 19 6o,�
1980 . 60,0 1991 60,000
1981. 60,000
interest *hall be payable each Qctober 1 and April 1, commencing on October 1,
1965. Interest at the basic rate applicable to each bond, fran date of issue to
maturity, shall be represented by appropriate interest coupons appurtenant to such
bond, and each and all of the bonds shalt bear additional interest represented by
separate coupons designated as "8" cot poem, at the rate of liver annum for
the limited period frcn ,.19 , to •, 19 . The bongs
atu'ing in t years 1967 through 1976 /teal1 not be tUbjec1 to redemption before
maturity, but those maturing in the years 1977 through 1995 shall be each subject
to redemption and prepayment at the option of the Village on April 1, 1976, and
any interest payment date thereafter, at a pries �lt 1 of,par and accrued int
for any bond redeemed before April 1, 1986, or a price of 101% of par plus ac
interest for any bond redeemed on or after said date. Not lees than thirty days
before the date specified for preys/sleet and redesgrtion of any of said bonds, the
Village Treasurer shall mail notice of the call thereof to the holder, if known,
and to the bank at vhicb principal and interest are then payable, and the Treasurer
is directed to maintain a•recosd, of the nsmss' and addressee of holders of prepayabl
bonds "for the purpose of *aging such notices so fir as such information is made
available to him. The principal of and interest on said bonds shall be payable a
in
, and the Village hereby agrees to pay the
reasonable and customary charges of such paying agent for the receipt and disbur
meat thereof.
3. The bonds shallle prepared for execution forthwith, executed and
delivered to , of
as purchaser thereof, in the manner and subetan
tiel1y' in the for set forth in sand'. t ltlnanoe Mo. 68, upon payment by the. p
of par plus accrued interest, as provided in the contract of sale of said bonds
heretofore accepted by this Council. 'mr prooseds of issuing said bonds shall be
credited by the Treasurer to the !Wag and in the smoUets as • tabus :
UND
we nemsaliMID
•
Sanitary and Storm Sewer and Street Re-
surfacing improvement.
Street and Water improvement 1964-1
Street and lister improvement 19644
`w,.,, e. Y Rood "ii" Water Tmerevement 194+1
.:.a Lake Road Wate . lhproveaen 1965 -2
$1,757,
4