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<br />SectlOn 3 02. Date. DenommatlOn, MaturItIes. Numbers and Interest.
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<br />(a) The Bonds shall have the OngmaI Issue Date of July IS, 1997, shall be in fully registered form,
<br />WIthout coupons, m the denommatioll of $5,000 or any mtegral multIple thereof, and shall be numbered
<br />separately from one upward or such other des1gnatIon acceptable to the C1ty and the PaYlllg Agent/RegIstrar
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<br />(b) The Bonds shall matme on August 15 m the years and m the prmcIpal amounts and mterest rates
<br />set forth below, mterest on each Bond accrumg from the OnglOal Issue Date or the most recent Interest Payment
<br />Date to wruch mterest has been paId or prov1ded for at the per annum rates of lOterest, payable semIannually on
<br />February IS and August IS of each year untlI the pnnclpal amount shall have been pa1d or prov1slOn for such
<br />payment shall have been made, commencmg August 15, 1998, as follows
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<br /> PrmcIpal Interest Pnnc1pal Interest
<br />Year Amount Rate Year Amount Rate
<br />1999 $ 50,000 660% 2008 $155,000 460%
<br />2000 50,000 660% 2009 165,000 470%
<br />2001 50,000 660% 2010 175,000 480%
<br />2002 50,000 660% 2011 180,000 490%
<br />2003 50,000 660% 2012 190,000 500%
<br />2004 50,000 6.60% 2013 205,000 500%
<br />2005 50,000 6.60% 2014 210,000 500%
<br />2006 50,000 660% 2015 215,000 505%
<br />2007 150,000 460% 2016 230,000 5 10%
<br /> 2017 225,000 5 10%
<br />Sect10n 3 03 Med1um, Method and Place ofPavrnent.
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<br />(a) The pnnc1pal of, prenlium, If any, and lOterest on the Bonds shall be paid mlawful money of
<br />the Umted States of Amenca as prov1ded m thIS Section.
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<br />(b) Interest on the Bonds shall be payable to the Owners whose names appear m the Reg1ster at the
<br />close of busmess on the Record Date, prov1ded, however, that m the event of nonpayment of interest on a
<br />scheduled Interest Payment Date, and for 30 days thereafter, a new record date for such mterest payment (a
<br />"SpeClal Record Date") w1ll be establIshed by the Paymg Agent/Registrar If and when funds for the payment of
<br />such mterest have been recelVed from the C1ty Notice of the Special Record Date and of the scheduled payment
<br />date of the past due mterest (the "Spec1al Payment Date", wh1ch shall be at least IS days after the Spec1aI Record
<br />Date) shall be sent at least five busmess days pnor to the Spec1al Record Date by Umted States mall, first class
<br />postage prepaId, to the address of each Owner of a Bond appeanng on the books of the Paymg Agent/RegIstrar
<br />at the close of bus mess on the last busmess day next precedmg the date of maiImg of such notIce
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<br />(c) Interest on the Bonds shall be paId by check (dated as of the Interest Payment Date) and sent
<br />by the Paymg Agent/RegIstrar to the person entltled to such payment by Umted States maIl, first class postage
<br />prepaId, to the address of such person as 1t appears in the Register or by such other customary bankmg
<br />arrangements acceptable to the Paymg Agent/Reg1strar and the person to whom mterest IS to be paId, proVIded,
<br />however, that such person shall bear all nsk and expenses of such other customary bankmg arrangements
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