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• <br /> • <br /> Interest shall be computed on the basis of a 360-day year of <br /> twelve 30-day months . <br /> The Bonds shall bear interest, payable annually beginning <br /> November 1, 1985, and shall mature on November 1 of each year in <br /> accordance with the following schedule: <br /> Bond Numbers Interest <br /> (inclusive) Amounts Rates Maturity <br /> 1 to 21 $102 ,012 . 67 9 .00% 1986 <br /> 22 to 41 100,000 .00 9 .00 1987 <br /> 42 to 61 100, 000 .00 9 .00 1988 <br /> 62 to 81 100, 000.00 9 .25 1989 <br /> 82 to 101 100,000 .00 9 . 50 1990 <br /> 102 to 121 100, 000 .00 9 .75 1991 <br /> 122 to 141 100, 000 .00 10 .00 1992 <br /> 142 to 161 100, 000 .00 10 .20 1993 <br /> 162 to 181 100, 000 .00 10.40 1994 <br /> 182 to 201 100,000 .00 10 . 60 1995 <br /> 202 to 216 75,000 .00 10 . 80 - 1996 <br /> 217 to 231 75,000 .00 10 . 90 1997 <br /> 232 to 246 75, 000 .00 11 .00 1998 <br /> * * * * * <br /> 247 to 566 1, 600, 000 .00 11 .20 2002 <br /> * * * * * <br /> 567 to 673 535,000 .00 10 .00 2006 <br /> The Bonds shall be issued only in registered form as to <br /> both principal and interest on books or records maintained by <br /> the Bond Registrar (the "Bond Register" ) . Such Bond Register <br /> shall contain the name and mailing address of the owner of each <br /> Bond or nominee of such owner and the principal amount and <br /> number of Bonds held by each owner or nominee . <br /> Bonds may be transferred only if endorsed in the manner <br /> provided thereon and surrendered to the Bond Registrar . The <br /> transfer of a Bond shall be by the Bond Registrar ' s receiving <br /> the Bond to be transferred, cancelling it and issuing a new <br /> certificate in the form of the Bonds to the transferee after <br /> registering the name and address of the transferee on the Bond <br /> Register . The new certificate shall bear the same Bond number <br /> as the transferred Bond but may have a different inventory <br /> - 2 - <br />