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<br /> Interest <br /> Amount ll1aturity Rate <br /> $30,000 1991 12.00 % <br /> 35,000 1992 12.25 % <br /> 40,000 1993 12.50 % <br /> 45,000 1994 12.75 % <br /> 50,000 1995 12.875% <br /> $50,000 1996 13.00 % <br /> 55,000 1997 13.00 % <br /> 60,000 1998 13.00 % <br /> 65,000 1999 13.00 % <br /> 70,000 2000 13.00 % <br /> 75,000 2001 13.00 % <br /> Bonds maturing on or before July 1 , 1992, are not <br />redeemable prior to their respective maturity dates. Bonds <br />maturing on July 1 , 1993 and thereafter, being redeemable at <br />the option of the City on July 1 , 1992, and on any interest <br />payment date thereafter, in inverse numerical order, upon payment <br />of par and accrued interest without redemption premium. <br /> The maximum net effective interest rate of this issue of <br />Bonds shall be 13.09% per annum. <br /> Section 3. Paying Agent. The principal of and interest <br />on said Bonds shall be payable in lawful money of the United <br />States of America, at the office of the City Treasurer, in Louis- <br />ville, Colorado. <br /> Section 4. Notice of Prior Redemption. Notice of <br />prior redemption of the Bonds shall be given by publication <br />at least one time in a newspaper having general circulation in <br />the City, at least thirty (30) days prior to the date on which <br />said Bonds are to be redeemed and paid and Notice shall also be <br />given by mailed copy of the notice by registered, first class <br />mail, to the purchaser of the Bonds, at least thirty (30) days <br />prior to the date of redemption. Such notice shall contain the <br />date and place at which said Bonds shall be redeemed and paid, <br />shall describe the Bonds by their legal description, date, number, <br />amount and price, and shall state that after the date so fixed for <br />redemption and payment, the interest on said Bonds shall cease. <br /> - 4 - <br />