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<br /> Amount Maturity Interest Rate <br /> $120,000 1993 12.250% <br /> 130,000 1994 12.375% <br /> 145,000 1995 12.500% <br /> 155,000 1996 12.500% <br /> The net effective interest rate of this issue of bonds <br />is 12.66% 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 />July 1 , 1992, and on any interest payment date thereafter, in <br />inverse numerical order, upon payment of par and accrued interest, <br />without redemption premium. <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 with the facsimile signature <br />of the Mayor, sealed with a facsimile of the seal of the City, <br />attested by the manual 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 />