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<br />dated April 1, 1978, consisting of 60 bonds in the denomination of <br />$5,000 each, numbered 1 to 60, inclusive, payable in lawful money <br />of the United States oE America, to bear interest at the rate of <br />5.75% per annum from and after date, payable on October 1, 197a, <br />and semi-annually thereafter on the 1st day of April and the 1st <br />day of October, each year, as evidenced by interest coupons <br />attached to said bonds, and maturing serially on April 1, as <br />follows: <br /> <br />Amount <br /> <br />Maturity <br /> <br />$50,000 <br /> <br />1985 to 1990, incl. <br /> <br />Bonds of this issue maturing on or before April 1, 1988, <br />shall not be redeemable in advance of their respective maturities. <br />Bonds maturing on April 1, 1989 and thereafter, shall be redeem- <br />able at the option of the City on April 1, 1988, and on any <br />interest payment date thereafter, in inverse numerical order, upon <br />payment of par and accrued interest, plus a premium of 1% of the <br />principal amount so redeemed. <br />The pr incipa1 of and <br />be payable at the office of the <br />Colorado. <br /> <br />interest on said bonds shall <br />Ci ty Treasurer, in Louisville, <br /> <br />The net effective interest rate of this issue of bonds <br />is 5.75% per annum. <br />Section 2. FORM AND EXECUTION OF BONDS AND INTEREST <br />COUPONS. The Bonds sha.ll be signed by the facsimile signature <br />of the Mayor, sealed with a facsimile of the seal of the City, <br />countersigned by the facsimile signature of the City Treasurer, <br />and attested by the manual signature of the City Clerk, and shall <br />be recorded in a book kept by the City Treasurer for that purpose. <br />All interest coupons shall bear the facsimile signature of the <br />Treasurer of the City, and when issued as part of said bonds, <br />shall be the lawful promises and obligations of the City, securing <br />the payment of said interest as it becomes due. Should any <br />officer whose manual or facsimile signature appears on said bonds, <br />or the interest coupons attached thereto, cease to be such officer <br />before delivery of the bonds to the purchaser, such manual or <br />facsimile signature shall nevertheless be valid and sufficient for <br />all purposes. <br />That the bonds and the interest coupons attached thereto <br />shall be in substantially the following form: <br /> <br />- 3 - <br />