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. • <br /> All of the bonds shall bear interest from their <br /> date until paid at the rate or rates designated by the Council <br /> at the time of the sale of the bonds, but not to exceed six <br /> (6) per cent per annum, payable annually the first year and <br /> thereafter semiannually. Such interest shall be evidenced by <br /> coupons attached to each bond, and each of said coupons shall <br /> represent six months' interest (except the first coupon, <br /> which shall represent one year's interest) on the bond to <br /> which it is attached. The interest coupons on the bonds shall be <br /> payable on January 15 and July 15 in each year (except the <br /> first interest coupon, which shall be payable on January 15, <br /> 1967), until and at the respective dates of maturity of the <br /> bonds. The bonds shall mature and be payable in consecutive <br /> numerical order, from lower to higher, as follows: <br /> Principal Maturity Date <br /> Amount (January 15) <br /> $ 50,000 1968 <br /> 90,000 1969 <br /> 130,000 1970 <br /> 140,000 1971 - 1972 <br /> 150,000 1973 - 1974 <br /> 160,000 1975 <br /> 170,000 1976 - 1977 <br /> 180,000 1978 <br /> 190,000 1979 - 1980 <br /> 200,000 1981 <br /> 210,000 1982 <br /> 220,000 1983 - 1984 <br /> 230,000 1985 <br /> 240,000 1986 <br /> 250,000 1987 <br /> 260,000 1988 <br /> 270,000 1989 <br /> 280,000 1990 <br /> 290,000 1991 <br /> 300,000 1992 <br /> 310,000 1993 <br /> 320,000 1994 <br /> 340,000 1995 <br /> 350,000 1996 <br /> -4- <br />