Ordinance 1599-89 - Laserfiche WebLink

• 1 $5 , 000 each. Interest shall be computed on the basis of a 2 360-day year of twelve 30-day months . The Bonds shall bear 3 interest , payable annually beginning August 1, 1990, in accord- 4 ance with the following schedule : 5 Bond Numbers Interest ( Inclusive) Amounts Rates 6 1 to 12 $62 , 159 6 . 70% 7 13 to 24 60, 000 6 . 75 25 to 37 65 , 000 6 . 80 8 38 to 49 60, 000 6 . 85 50 to 62 65 , 000 6 . 90 9 63 to 74 60, 000 6 . 95 75 to 87 65, 000 7 . 00 10 88 to 100 65, 000 7 . 05 101 to 112 60 , 000 7 . 10 11 113 to 125 65 , 000 7 . 15 126 to 138 65 , 000 7 . 20 12 139 to 151 65 , 000 7 . 25 152 to 164 65 , 000 7 . 30 13 165 to 176 60 , 000 7 . 35 177 to 189 65, 000 7 . 40 14 190 to 202 65 , 000 7 . 45 203 to 215 65 , 000 7 . 45 15 216 to 228 65 , 000 7 . 50 229 to 238 50, 000 7 . 50 16 Section 2 . The Bonds shall be issued only in registered 17 form as to both principal and interest on books or records 18 maintained by the Bond Registrar (the "Bond Register" ) . The 19 Bond Register shall contain the name and mailing address of the 20 owner of each Bond and the principal amount and number of each 21 of the Bonds held by each owner . 22 Bonds may be transferred only if endorsed in the manner 23 provided thereon and surrendered to the Bond Registrar . The 24 transfer of a Bond shall be by the Bond Registrar ' s receiving 25 - 2 -