Ord 2008-037 - Laserfiche WebLink

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Section 3.02. Date, Denomination, Maturities Numbers and Interest. (a) The Certificate shall have the Original Issue Date of September 30, 2008, shall be in fully registered form, without coupons, and initially there shall be issued, sold, and delivered hereunder one fully registered Certificate, in the denomination and principal amount of $7,600,000, numbered from R-1 with any Certificate issued in replacement thereof being in the denomination and principal amount hereafter stated and numbered consecutively from R-2 upward, payable to the respective initial registered owners thereof (as designated in Section 7.01(a) hereof), or to the registered assignee or assignees of the Certificate or any portion or portions thereof, and the unpaid principal ofthe Certificate shall finally mature on August 15, 2028, but shall be payable in installments on August 15 in each of the years and in the amounts, respectively, as set forth in the following schedule: Year Principal Installment Year Principal Installment 2010 $260,000 2020 $405,000 2011 270,000 2021 425,000 2012 285,000 2022 445,000 2013 295,000 2023 465,000 2014 310,000 2024 485,000 2015 325,000 2025 510,000 2016 340,000 2026 530,000 2017 355,000 2027 555,000 2018 370,000 2028 580,000 2019 390,000 ..... (b) The Certificate shall bear interest on the unpaid balance of the principal amount thereof in the manner and from the date specified in the FORM OF CERTIFICATE set forth in this Ordinance to the scheduled due date, or date of prepayment prior to the scheduled due date, of the principal installments of the Certificate at the rate of 4.61% per annum. Section 3.03. Medium, Method and Place of Payment. (a) The principal of, premium, if any, and interest on the Certificate shall be paid in lawful money of the United States of America as provided in this Section. San Marcos CTRCO 2008A: Ordinance 6