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<br /> inverse numer ical order, in whole or in par t, upon payment of par <br /> and accrued in teres t, without redemption premium; and <br /> ~-JHEREAS , the pr inc ipal of and in teres t on the 1976 Bonds <br /> are payable at the office' of the City Treas urer , in Louisville, <br /> Colorado; and <br /> WHEREAS, the Ci ty has heretofore duly author ized , so 1 d , <br /> issued, and delivered to the purchasers thereof $300,000 of its <br /> Ge ner al ObI iga tion v-Jater Bonds, da ted Apr il 1 , 1978, of which <br /> is s ue there remains outstanding the to tal amo un t of $250,000, <br /> being bonds numbered II to 60, inclusive (the "1978 80 nd s" ) , in <br /> the denomination of $ 5,000 each, bear ing interest payabl e <br /> semiannually on Apr il 1 and Oc tober I each ye ar , and ma tur ing <br /> serially on April I each year as follows: <br /> Amount Ma t ur i ty In teres t Ra te <br /> $50,000 1986 5.75% <br /> 50,000 1987 5.75 <br /> 50,000 1988 5.75 <br /> 50,000 1989 5.75 <br /> 50,000 1990 5.75 <br /> 'V'lHEREAS, the 1978 Bo nds ma t ur i ng on and after A pr il 1 , <br /> 1989, are redeemable at the option of the City 0 n Apr il 1 , 1988, <br /> or on any interest payment date thereafter, in i nver se numerical <br /> order, upon payment of par, accrued in teres t, and a premium of <br /> 1.00% of the principal amount so redeemed; and <br /> WHEREAS, the pr inc ipal of and in teres t on the 1978 Bo nds <br /> are payable at the office of the City Treas urer , in Louisville, <br /> Colorado: and <br /> WHEREAS, the Ci ty has heretofore duly author ized, sol d , <br /> issued, and delivered to the purchasers thereof $350,000 of its <br /> General ObI iga tion v-Jater 80 nds , da ted August I, 1981, of which <br /> is s ue there remains outs tandi ng the to tal amount of $350,000, <br /> being bonds numbered 1 to 70, inclusive ( the "1981 Bonds") , in the <br /> - 3 - <br />