Ordinance 1976-504 - Laserfiche WebLink

Home Browse Search

United States of America, to pay the principal of and interest on the outstanding 1966, 1971 and 1975 Issues being refunded, including prior redemption premiums, as the same become due and payable under and in accordance with the following schedule: 1966 Issue: Bonds numbered 208 to 270, inclusive, maturing in the years 1977 to 1979, inclusive, shall be paid and retired at their respective maturity dates, according to their original terms. 1971 Issue: Bonds numbered 5 to 60, inclusive, maturing in the years 1976 to 1984, inclusive, shall be paid and retired at their respective maturity dates, according to their original terms. 1975 Issue: (a) Bonds numbered 1 to 80, inclusive, maturing in the years 1976 to 1985, inclusive, shall be paid and retired at their respective maturity dates, according to their original terms. (b) Bonds numbered 81 to 160, inclusive, maturing in the year 1986 and thereafter shall be called for redemption at the office of the City Treasurer, in Louisville, Colorado, prior to their respective maturities at par and accrued interest, and shall be paid on April 1, 1986, which date is hereby designated as the "Prior Redemption Date" for said bonds. Interest on the outstanding bonds Qf the 1966, 1971 and 1975 Issues shall be paid as the same accrues, according to the original terms of said bonds, until said bonds mature or until the Prior Redemp.tion Date of the 1975 Issue, whichever is the proper date. Section 8. ~rhe Bank shall invest the funds on -12-