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<br /> denomina tion of $5,000 each, bear ing interest payable semiannually <br /> on February 1 and Aug us t I each ye ar , and ma t ur i ng serially on <br /> August 1 each year as follows: <br /> ~ <br /> Amount t1aturi ty In teres t Ra te <br /> $ 50,000 1990 10.25% <br /> 150,000 1991 10.50 <br /> 150,000 1992 10.75 <br /> WHEREAS, all of the 1981 Bo nds are redeemable at the <br /> option of the City on August 1, 1986, and on any interest payment <br /> date thereafter, in inverse numer ica1 order, upon payment of par, <br /> accrued interest, and a premium of 1.00% of the pr- inc ipal amoun t <br /> so redeemed; and <br /> WHEREAS, the pr inc ipal of and interest on the 1981 80 nds <br /> are payable at the office of the Ci ty Treas urer , ln Loui sv ille , <br /> Colorado; and <br /> WHEREAS, the Ci ty has here to fore duly aut ho r- i zed , so 1 d , <br /> issued, and delivered to the purchasers thereof $550,000 of its <br /> Gener al ObI iga tion Wa ter Bonds, dated July 1, 1982, of wh ic h issue <br /> there remains outstanding the to tal amount of $550,000, be i ng <br /> bonds numbered 1 to 110, inclusive ( the "1982 Bonds") , ln the <br /> denomination of $5,000 e ac h, bear i ng inter-est payable semiannually <br /> on January I and July 1 each year, and ma tur ing serially on July 1 <br /> each year as follows: <br /> Arnount Ma t ur i ty In teres t Ra te <br /> $120,000 1993 12.250% <br /> 130,000 1994 12.375 <br /> 145,000 1995 12.500 <br /> 155,00O 1996 12.500 <br /> HHEREAS, all of the 1982 80 nd s ar-e redeemable at the <br /> option of the City on July 1, 1992, or on any interest paymen t <br /> - 4 - <br /> .- <br />