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<br />, . ' <br /> <br />. <br /> <br />. <br /> <br />7. The total estimated cost of each of said <br /> <br />five projects and the principal amount of bonds proposed <br />to be issued for each of said five projects is as follows: <br />Principal <br />Project Designation Amount of Bonds <br />(A) Reclamation and Drainage Project $23,508,000 <br />(B) Streets and Highways Project 10,410,000 <br />(D) Water Project 2,243,000 <br />(E) Parks and Recreation Project 7,311,000 <br />(F) General Fire Alarm System Project 850,000 <br />Each of said principal amounts of bonds includes <br />all incidental expenses (as said term is defined in <br />Section 301 of the Ordinance) applicable to the project <br /> <br />for which said bonds are proposed to be authorized, in- <br /> <br />eluding, without limiting the generality of the foregoing, <br />the incidental expenses specified in Sections 302 to 314, <br />both inclusive, of the Ordinance which are applicable to <br />such project. <br /> <br />8. The number of years not to exceed which any <br /> <br />series of the bonds to be issued for each project shall <br /> <br /> <br />run before maturity shall be forty (40) years from the date <br /> <br />. <br />of the bonds of such series. <br /> <br />9. The maximum rate of interest to be paid on <br />the bonds of each of said issues of bonds shall be six <br />per cent (6%) per annum, payable semiannually, except that <br />interest for the first year or portion thereof may be for <br />all or such portion of such year. <br /> <br />10. The election shall be held on Tuesday, Decem- <br />ber 10, 1968, and the voting procedure used at the polls <br />shall be as provided in Section 715 of the Ordinance for <br /> <br />7 <br /> <br />~- <br />