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<br /> Maturity <br /> December 1 Amount Interest Rate <br /> 1990 $ 125,000 6.00% <br /> 1991 100,000 6.10 <br /> 1992 110,000 6.20 <br /> 1993 10,000 6.50 <br /> 1994 10,000 6.60 <br /> 1995 10,000 6.70 <br /> 1996 25,000 6.75 <br /> 1997 35,000 6.80 <br /> 1998 100,000 6.85 <br /> 1999 310,000 6.90 <br /> 2000 325,000 7.00 <br /> 2002 725,000 7.10 <br /> 2003 440,000 7.15 <br /> 2004 465,000 7.20 <br /> 2009 2,910,000 7.20 <br /> The maximum net effecti ve interest rate authorized for <br /> this issue of Bonds is 8.00% per annum, and the actual net effec- <br /> tive interest rate of the Bonds does not exceed such maximum rate. <br /> Section 4. Payment of Bonds; Paying Agent and Bond <br /> Registrar. The principal of and premium, if any, on the Bonds are <br /> payable in lawful money of the United States of America to the <br /> Owner of each Bond upon maturity or prior redemption and <br /> presentation at the principal office of the Paying Agent. <br /> Notwithstanding anything contained in this Ordinance to the <br /> contrary, the interest on any Bond is payable to the person in <br /> whose name such Bond is registered, at his address as it appears <br /> on the registration books maintained by or on behalf of the City <br /> by the Bond Registrar, at the close of business on the Record <br /> Date, irrespective of any transfer or exchange of such Bond <br /> subsequent to such Record Date and prior to such interest payment <br /> date. Such payment shall be paid by check or draft of the Paying <br /> Agent mailed on or before the interest payment date to such <br /> registered owner. <br /> If the date for making any payment or performing any <br /> action hereunder shall be a legal holiday or a day on which the <br /> principal office of the Paying Agent or Bond Registrar is <br /> authorized or required by law to remain closed, such payment may <br /> - 9 - <br />