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Year
<br />Principal
<br />Amount
<br />Interest
<br />Rate
<br />Year
<br />Principal
<br />Amount
<br />Interest
<br />Rate
<br />2017
<br />$600,000
<br />2.000%
<br />2027
<br />$1,885,000
<br />2.000%
<br />2018
<br />960,000
<br />2.000%
<br />2028
<br />1,925,000
<br />2.125%
<br />2019
<br />1,210,000
<br />2.000%
<br />2029
<br />1,960,000
<br />2.250%
<br />2020
<br />1,225,000
<br />5.000%
<br />2030
<br />2,010,000
<br />3.000%
<br />2021
<br />1,505,000
<br />5.000%
<br />2031
<br />2,065,000
<br />3.000%
<br />2022
<br />1,535,000
<br />5.000%
<br />2032
<br />2,125,000
<br />3.000%
<br />2023
<br />1,585,000
<br />5.000%
<br />2033
<br />2,190,000
<br />3.000%
<br />2024
<br />1,660,000
<br />5.000%
<br />2025
<br />1,740,000
<br />5.000%
<br />2035
<br />4,595,000
<br />3.000%
<br />2026
<br />1,835,000
<br />3.000%
<br />2036
<br />2,395,000
<br />3.000%
<br />Section 3.03. Medium, Method and Place of Payment.
<br />(a) The principal of, premium, if any, and interest on the Certificates shall be paid in
<br />lawful money of the United States of America as provided in this Section.
<br />(b) hlterest on the Certificates shall be payable to the Owners whose names appear in the
<br />Register at the close of business on the Record Date; provided, however, that in the event of
<br />nonpayment of interest on a scheduled Interest Payment Date, and for 30 days thereafter, a new
<br />record date for such interest payment (a "Special Record Date ") will be established by the Paying
<br />Agent /Registrar if and when funds for the payment of such interest have been received from the City.
<br />Notice of the Special Record Date and of the scheduled payment date of the past due interest (the
<br />"Special Payment Date ", which shall be at least 15 days after the Special Record Date) shall be sent
<br />at least five business days prior to the Special Record Date by United States mail, first -class postage
<br />prepaid, to the address of each Owner of a Certificate appearing on the books of the Paying
<br />Agent /Registrar at the close of business on the last business day next preceding the date of mailing
<br />of such notice.
<br />(c) Interest on the Certificates shall be paid by check (dated as of the Interest Payment
<br />Date) and sent by the Paying Agent /Registrar to the person entitled to such payment by United States
<br />snail, first class postage prepaid, to the address of such personas it appears in the Register or by such
<br />other customary banking arrangements acceptable to the Paying Agent /Registrar and the person to
<br />whom interest is to be paid; provided, however, that such person shall bear all risk and expenses of
<br />such other customary banking arrangements.
<br />San Marcos CTRCO 2016: Ordinance
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