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'- ~' ~ II . II . III .. i< of CUSIP numbers on the bonds or for the correctness of any number printed thereon, but will permit such printing to be done at the expense of the purchaser, if the purchaser waives any extension of the time of delivery caused thereby. The bonds will be delivered to the purchaser on May 26, 1983, accompanied by an unqualified approving legal opinion and customary final delivery papers, including a certificate showing absence of litigation. Delivery will be made at the expense of the City against payment of the purchase price in immediately available funds at any office designated by the purchaser in the continental United States. All bids must be in writing and enclosed in a sealed envelope suitably marked as a bid for bonds, be unconditional except as to the above opinion, state one or more interest rates within the limitations prescribed below, and be delivered or mailed for delivery and received by the undersigned prior to the time of bid opening, accompanied by a certified check, bank draft or cashier's check in the amount of at least $41,000, payable to the order of the City, to be forfeited as liquidated damages in the event the bid is accepted and the bidder fails to comply therewith. The good faith check of the successful bidder will be deposited at the time of award and deducted from the purchase price at the time of closing. The purchase price for the issue shall be specified in each bid in an amount not less than $2,010,000 plus accrued interest on the entire principal amount of bonds. The principal amount of the issue, the purchase price, and the principal amount of bonds maturing in each of the years 1985 to 1999 are subject to adjustment depending on the rates bid for the bonds. The City reserves the right, in its discretion, to increase or decrease the principal amounts of the 1985 to 1999 maturities by an aggregate amount not to exceed $100,000 (and to adjust the purchase price by a proportionate amount) after the bids have been opened, depending on the results of the sale. Bids shall state one rate of interest from the date of issue to maturity for all bonds having a common maturity date. There is no other limit on the number of such rates which may be specified. Extra coupon bids will not be considered. The rate for any maturity may not be less than the rate for any prior maturity. The rate for each bond must be in an integral multiple of 5/100 or 1/8 of 1% per annum and not exceeding the highest rate permitted by law on the date of sale. The bid offering the lowest net interest cost will be deemed the most favorable. Net interest cost will be determined by adding the amount of any discount ($2,050,000 less amount of purchase price) to, or subtracting the amount of any premium (excess of purchase price over $2,050,000) from, the total interest coupons from the date of the bonds to stated maturities. Bidders are asked but not -4- .