Ord 2009-035 - Laserfiche WebLink

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Election, including sidewalks, pedestrian crossways and trails, and (iv) for the purpose of paying the costs of issuing the Bonds. Section 3.02. Date Denomination Maturities Numbers and Interest. (a) The Bonds shall have the Original Issue Date of June 15, 2009, shall be in fully registered form, without coupons, in the denomination of $5,000 or any integral multiple thereof, and shall be numbered separately from one upward, excepting the initial Bond, which shall be numbered R-1, as hereinafter provided, or such other designation acceptable to the City and the Paying Agent/Registrar. (b) The Bonds shall mature on August 15 in the years and in the principal amounts and interest rates set forth below, interest on each Bond accruing on the basis of a 360-day year of twelve 30-day months from the Original Issue Date or the most recent Interest Payment Date to which interest has been paid or provided for at the per annum rates of interest, payable semiannually on February 15 and August 15 of each year until the principal amount shall have been paid or provision for such payment shall have been made, commencing February 15, 2010, as follows: Year Principal Amount Interest Rate Year Principal Amount Interest Rate 2010 $1,065,000 3.000% 2020 $175,000 4.125% 2011 125,000 3.000% 2021 180,000 4.250% 2012 130,000 3.000% 2022 190,000 4.375% 2013 135,000 3.000% 2023 195,000 4.500% 2014 140,000 3.250% 2024 205,000 4.500% 2015 145,000 3.500% 2025 215,000 4.750% 2016 150,000 3.500% 2026 225,000 4.750% 2017 155,000 4.000% 2027 235,000 4.750% 2018 160,000 4.000% 2028 245,000 5.000% 2019 165,000 4.000% 2029 260,000 5.000% Section 3.03. Medium, Method and Place of Payment. (a) The principal of, premium, if any, and interest on the Bonds shall be paid in lawful money of the United States of America as provided in this Section. (b) Interest on the Bonds shall be payable to the Owners whose names appear in the Register at the close of business on the Record Date; provided, however, that in the event of San Marcos GO 2009 Ordinance