Ordinance 1987-933 - Laserfiche WebLink

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u Maturity Principal Interest Rate 1988 $ 10,000 5.00% 1989 10,000 5.25 1990 10,000 5.50 1991 10,000 5.75 1992 10,000 6.00 1993 10,000 6.20 1994 15,000 6.40 1995 15,000 6.60 1996 25,000 6.75 1997 25,000 6.90 1998 25,000 7.00 1999 25,000 7.10 2000 75,000 7.20 2002 575,000 7.30 2007 2,140,000 7.75 The maximum net effective interest rate authorized for this issue of Bonds is 9.000% per annum, and the actual net effective interest rate is 7.655% per annum. Section 3. Payment of Bo nds ; Payi ng Ag en t and Bond Reg i strar. The principal of and premium, if any, on the Bonds are payable in lawful money of the United St ates of America to the registered owner of each Bond upon presentation at the principal office of Central Bank of Denver, a banking corporation, in Denver, Colorado, or its successor, as paying agent (the "Paying Agent"). Notwithstanding anything contained in this Ordinance to the contrary, interest on any Bond is payable to the person in whose name such Bond is registered, at his address as it appears on the registration books maintained by or on behalf of the District by Central Bank of Denver, a banking corporation, in Denver, Colorado, or its successor, as bond registrar (the "Bond Registrar"), at the close of business on the last day of the calendar month next preceding each interest payment date (the "Re cord Da te" ) , irrespective of any transfer or exchange of such Bond subsequent to such Record Date and prior to such interest payment date. Such payment shall be paid by check or draft of the Paying Agent. If the date for making any payment shall be a legal holiday or a day on which the principal office of the Paying Agent is authorized or required by law to remain closed, such payment may be made on the next succeeding day which is not a legal holiday or a day on which such banking institution is authorized or required by law to remain closed. - 4 -