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<br /> DATE: The bonds are dated January 15, 1966.
<br /> MATURITIES: The bonds mature serially as follows:
<br /> DRAINAGE BONDS WATER BONDS SEWER BONDS
<br /> Maturity Date Principal Principal Principal
<br /> (January 15) Amount Amount Amount
<br /> 1968 $ 50,000 $ 15,000 $ 20,000
<br /> 1969 90,000 30,000 30,000
<br /> 1970 130,000 50,000 50,000
<br /> 1971 140,000 50,000 60,000
<br /> 1972 140,000 50,000 60,000
<br /> 1973 150,000 50,000 60,000
<br /> 1974 150,000 50,000 60,000
<br /> 1975 160,000 60,000 60,000
<br /> 1976 170,000 60,000 70,000
<br /> 1977 170,000 60,000 70,000
<br /> 1978 180,000 60,000 70,000
<br /> 1979 190,000 70,000 80,000
<br /> 1980 190,000 70,000 80,000
<br /> 1981 200,000 70,000 80,000
<br /> 1982 210,000 70,000 80,000
<br /> 1983 220,000 80,000 90,000
<br /> 1984 220,000 80,000 90,000
<br /> 1985 230,000 80,000 90,000
<br /> 1986 240,000 90,000 100,000
<br /> 1987 250,000 90,000 100,000
<br /> 1988 260,000 90,000 100,000
<br /> 1989 270,000 90,000 110,000
<br /> 1990 280,000 100,000 110,000
<br /> 1991 290,000 100,000 120,000
<br /> 1992 300,000
<br /> 1993 310,000
<br /> 1994 320,000
<br /> 1995 340,000
<br /> 1996 350,000
<br /> INTEREST RATE: Maximum six per cent (6 %) per annum,
<br /> payable on January 15, 1967, and there-
<br /> after semiannually on January 15 and July
<br /> 15 in each year. Bidders must specify the rate or rates of
<br /> interest which the bonds shall bear. Bidders may specify any
<br /> number of separate rates of interest (irrespective of the
<br /> maturities of the bonds) and the same rate or rates may be
<br /> repeated as often as desired; provided that: (i) the differ-
<br /> ence between the lowest and highest coupon rates specified
<br /> in any bid shall not exceed 1 -1/2 %; (ii) each interest rate
<br /> specified must be in a multiple of 1/20 of 1% and a zero rate
<br /> of interest cannot be specified; (iii) no bond shall bear more
<br /> than one rate of interest, no interest payment shall be evi-
<br /> denced by more than one coupon, and supplemental coupons will
<br /> not be permitted; (iv) each bond shall bear interest from its
<br /> date to its stated maturity date at the interest rate speci-
<br /> fied in the bid; and (v) any premium must be paid in bank
<br /> funds as part of the purchase price, and no bid will be ac-
<br /> cepted which contemplates the cancellation of any interest
<br /> coupons or the waiver of any interest or other concession by
<br /> the bidder as a substitute for payment in full of the
<br /> purchase price in bank funds. Bids which do not conform
<br /> to the terms of this paragraph will be rejected.
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