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<br />from and after date, payable on April 1, 1976, and semi- <br />annually thereafter on the 1st day of April and the 1st day <br />of October, each year, as evidenced by interest coupons at- <br />tached to said bonds, and maturing serially on October 1, as <br />follows: <br /> <br /> Amount Maturity Interest Rate <br />$ 10,000 1976 8.00% <br /> 20,000 1977 and 1978 8.00% <br /> 50,000 1979 to 1983, incl. 8.00% <br /> 50,000 1984 7.75% <br /> 50,000 1985 7.00% <br />$ 60,000 1986 7.00% <br /> 65,000 1987 7.00% <br /> 80,000 1988 7.15% <br /> 95,000 1989 7.30% <br /> 100,000 1990 7.40% <br /> <br />Bonds of this issue maturing on or before October <br />1, 1985 are not redeemable prior to their respective maturity <br />dates. Those bonds maturing on or after October 1, 1986, shall <br />be redeemable at the option of the City, on October 1, 1985 <br />and on any interest payment date thereafter, in inverse <br />numerical order, upon payment of par and accrued interest, <br />without redemption premium. <br />The principal of and interest on said bonds <br />shall be payable at the office of the City Treasurer, in <br />Louisville, Colorado. <br />The net effective interest rate on this issue <br />of bonds is 7.40% per annum. <br />Section 2. FORM AND EXECUTION OF BONDS AND INTEREST <br />COUPONS. The Bonds shall be signed by the facsimile signature of <br />the Mayor, sealed with a facsimile impression of the seal of <br />the City, attested by the manual signature of the City Clerk, <br />and countersigned with the facsimile signature of the City <br />Treasurer, and shall be recorded in a book kept by the City <br />Treasurer for that purpose. All interest coupons shall bear <br />the facsimile signature of the City Treasurer, and when <br />issued as part of said bonds, shall be the lawful promises <br />and obligations of thE! City, securing the payment of said <br />interest as it becomes due. Should any officer whose <br />manual or facsimile signature appears on said bonds, or the <br />interest coupons attached thereto, cease to be such officer <br />before delivery of the bonds to the purchaser, such manual <br />or facsimile signature shall nevertheless be valid and <br />sufficient for all purposes. <br />That the bonds and the interest coupons attached <br />thereto shall be in substantially the following form: <br /> <br />- 3 - <br />