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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 <br /> be 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 /> $ 15,000 1968 <br /> 30,000 1969 <br /> 50,000 1970 <br /> 50,000 1971 <br /> 50,000 1972 <br /> 50,000 1973 <br /> 50,000 1974 <br /> 60,000 1975 <br /> 60,000 1976 <br /> 60,000 1977 <br /> 60,000 1978 <br /> 70,000 1979 <br /> 70,000 1980 <br /> 70,000 1981 <br /> 70,000 1982 <br /> 80,000 1983 <br /> 80,000 1984 <br /> 80,000 1985 <br /> 90,000 1986 <br /> 90,000 1987 <br /> 90,000 1988 <br /> 90,000 1989 <br /> 100,000 1990 <br /> 100,000 1991 <br /> 4 <br />