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<br /> Amount Maturity Interest Rate <br /> $ 50,000 1990 10.25% <br /> 150,000 1991 10.50% <br /> 150,000 1992 10.75% <br /> The net effective interest rate of this issue of bonds <br /> is 10.96% per annum. <br /> All bonds of this issue shall be redeemable prior to <br /> their respective maturity dates at the option of the City on <br /> August 1 , 1986, and on any interest payment date thereafter, in <br /> inverse numerical order, upon payment of par, accrued interest, <br /> and a premium of 1% of the principal amount so redeemed. <br /> The principal of and interest on said bonds shall be <br /> payable at the office of the City Treasurer, in Louisville, <br /> Colorado. <br /> Section 2. Form and Execution of Bonds and Interest <br /> Coupons. The bonds shall be signed wi th the facsimile signature <br /> of the Mayor, sealed with a facsimile of the seal of the City, <br /> attested by the manu al signature of the City Clerk, and counter- <br /> signed with the facsimile signature of the City Treasurer, and <br /> shall be recorded in a book kept by the City Treasurer for that <br /> purpose. All interest coupons shall bear the facsimile signature <br /> of the Treasurer of the City, and when issued as part of said <br /> bonds, shall be the lawful promises and obligations of the City, <br /> securing the payment of said interest as it becomes due. Should <br /> any officer whose manual or facsimile signature appears on said <br /> bonds, or the interest coupons attached thereto, cease to be such <br /> officer before delivery of the bonds to the purchaser, such manual <br /> or facsimile signature shall nevertheless be valid and sufficient <br /> for all purposes. <br /> That the bonds and the interest coupons attached thereto <br /> shall be in substantially the following form: <br /> - 3 - <br />