CC PACKET 05261987 - Laserfiche WebLink

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■ T ,I Section 2 . Bond Terms; Registration; Execution and_ • Delivery. 2 .01 . Maturities; Interest Rates; Denominations; Payment. The Bonds shall be designated Liquor Store Revenue Bonds, Series 1987 , shall be originally dated as of July 1 , 1987 , shall be in the denomination of $5,000 each , or any integral multiple thereof , shall mature on January 1 in. the respective years and amounts stated below, and shall bear interest from date of issue until paid or duly called for redemption at the respective annual rates set forth opposite such years and amounts , as follows. Year Amount Rate 1989 $45 ,000 % 1990 50 ,000 % 1991 55 ,000 % 1992 60 ,000 % 1993 65 ,000 $ 1994 70 ,000 % 1995 75 ,000 % 1996 85 ,000 % 1997 . 90 ,000 % 1998 95,000 % The Bonds shall be issuable only in fully registered form. _ The interest thereon and, upon surrender of each Bond, the principal amount thereof shall be payable by check or draft issued by the Registrar described herein. 2 .02 . Dates; Interest Payment Dates. Each Bond shall be dated , as of the last interest payment date preceding the date of authentication to which interest on the Bond has been paid or made available for payment, unless ( i ) the date of authentication is an interest payment date to which interest has been paid or made available for payment , in which case such Bond shall be dated as of the date of authentication, or (ii ) the date of authentication is prior to January 1 , 1988 , in which case such Bond shall be dated as of July 1 , 1987 . The interest on the Bonds shall be payable on January 1 and July 1 in each year , commencing January 1 , 1988 , to the owner of record thereof as of the close of business on the fifteenth day of the immediately preceding month, whether or not such day is a business day. 2 .03 . Registration. The City shall appoint, and shall maintain, a bond registrar , transfer agent and paying -4-