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86-081
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86-081
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8/9/2005 11:39:12 AM
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<br />4. Maturities, Mandatory Sinking Fund Redemptions, and <br />Other Terms. The City of New Brighton shall forthwith issue <br />and sell the Bonds, which shall be dated August 1, 1986, <br />shall be fully registered without interest coupons and shall <br />be numbered R-l et ~., shall be in the denomination of <br />$5,000 each, or In integral mul tiples thereof, shall bear <br />interest as set forth below, all interest payable February <br />1, 1987, and semiannually thereafter on February 1 and <br />August 1 in each year, and shall bear interest at the rates <br />per annum and mature on February 1 in the years and amounts <br />as follows, respectively: <br /> <br />Year <br /> <br />Amount <br /> <br />Rate <br /> <br />1991 <br />1996 <br />2002 <br /> <br />$ 400,000 <br />700,000 <br />1,250,000 <br /> <br />6.00% <br />7.00 <br />7.60 <br /> <br />All Bonds maturing on February 1, 1991, are subject to <br />mandatory sinking fund redemption by the City at par plus <br />accrued interest on February 1 in the years and amounts as <br />follows, respectively: <br /> <br />Year <br /> <br />Amount <br /> <br />1988 <br />1989 <br />1990 <br /> <br />$ 100,000 <br />100,000 <br />100,000 <br /> <br />All Bonds maturing on February 1, 1996, are subject to <br />mandatory sinking fund redemption by the City at par plus <br />accrued interest on February 1 in the years and amounts as <br />follows, respectively: <br /> <br />Year <br /> <br />Amount <br /> <br />1992 <br />1993 <br />1994 <br />1995 <br /> <br />$ 100,000 <br />150,000 <br />150,000 <br />150,000 <br /> <br />All Bonds maturing on February 1, 2002, are subject to <br />mandatory sinking fund redemption by the City at par plus <br />accrued interest on February 1 in the years and amounts as <br />follows, respectively: <br /> <br />Year Amount <br />1997 $ 200,000 <br />1998 200,000 <br />1999 200,000 <br />2000 200,000 <br />2001 200,000 <br /> - 5 - <br />
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