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<br />` � � . � 76- OU5975 .
<br /> ARTICI.E I1 .
<br /> Form , Execution , Authenl• I.cation , Delivery And ltcgisiration
<br /> ` ' Of I3onds
<br /> t:
<br /> ' Section 201 . The bonds to be initially i.,sued hereunder shall be subsCanLially
<br /> �� in the form and ot the tenor and purpose hereinUefore recited , anJ shall be knawn us
<br /> "Series A Bonds " . Series A llonds in thc aggregate priucipal amount of Two 1[undred Ninety
<br /> Thousand Dollars ( $290 , 000 ) shall Ue initially issued by L-he Village as soon as practicsble
<br /> following the date of execution oY this Plortgage , nnd tlie proceeds thereot sh�ll be
<br /> delivered to the Trustee and deposited in the Dond Fund and Construcliou Fund , respectively ,
<br /> ; us provided in Articles V and VI of this Ptortgage .
<br /> >,
<br /> $290 , 000 principal amount of Series A Bonds shall be designaCed ° Industrial
<br /> � DevelopmenC F,evenue - Series A Bonds (TV 'Pime Poods , Inc . - 197G Project ) . All Series A
<br /> �; Bonds shall Ue issued in denominations oE Five Thousand Dollars ( $5 , 000 ) each . All bonds
<br /> ?+ shall Ue dated Octo6er 1 , 1976 , shall bear interest from such daCe Co maCurity or prior
<br /> � redemption �� t the rates hereinafter indicated (and at the legal rate thereafter ) , represented ;
<br /> j by interest coupons payable October 1 , 1977 , and semiannually thereafter on April 1 and . _
<br /> <' OcCober 1 of each year until such principsl sum is paid .
<br /> y Section 202 . The Uonds ( including the coupons ) issued under the provisions of
<br /> s' Section 208 of this Article shall be suUstantiully in the forms hereinabove set fortti ,
<br /> �' with such appropriate variations , omissions or insertions as are permitted or required by
<br /> ? this ttortgage , and may have endorsed thereon such legends or text as may be necessary or
<br /> i appropriate to conform to any applicable rules and regulations of any governmental authority
<br /> v �
<br /> � or nny usage or requirement of law with respect thereto . 'Ihe bonds issued under rhe
<br /> =' provisions of this Article shall be substanl• ially in the form hereinabove set tortn , with
<br /> 1
<br /> ,� '`s such additional changes as may be necessary or appropriate to conform to the provisions of
<br /> ; the resolution authorizing the issuance of such bonds .
<br /> , ; :�
<br /> + �
<br /> Section 203 . The $290 , 000 of Series A Bonds issued hereunder are as coupon
<br /> 4 '� bonds , registeraUle as to principal al�ne , in the denomination of $ 5 , 000 each . The bonds
<br /> ; shall be dated as of the lst day of October , 1976 , shall bear interest as set forth below
<br /> from their date to the maturitp �hereof , payable October 1 , 1977 , and thercafter semi-
<br /> 2 annually on the lst day of October and April in each year , and shall be staLed to ma �ure
<br /> _ (sub3ect to the right of prior redemption ) , all as set forth iit the following table :
<br /> ;
<br /> '� Bond Principal riaturity Rate of
<br /> }
<br /> • Nos . Amount October 1 Interest
<br /> � ;�
<br /> �; 1-3 $ 15 , 000 1977 6 . 80%
<br /> 4-7 20 , 000 1978 6 . 80
<br /> `? 8-12 25 , 000 1979 6 . 80
<br /> 13-18 30 , 000 1980 6 , 80
<br /> � � 19-24 30 , 000 1981 7 . 35 � �
<br /> . . � 25-30 30 , 000 1982 7 . 35
<br /> i ' 31- 36 30 , 000 1983 7 . 35
<br /> ; . ' <'.s 37-43 35 , 000 1984 7 . 35
<br /> t 44-50 35 , 000 1985 7 . 35
<br /> ° ` '� 51-58 40 , 000 1986 7 . 35
<br /> � In addition , all Series A Bonds will Uear additional interest from October 1 , 1976 , "
<br /> ' ' ;� to October 1 , 1977 , or earlier maturity or redemption , at the rate of 2 4 / 10% per annum
<br /> �' ' ' represented Uy interest coupons designated 6y the letter "A" . The "A" coupons may be
<br /> detached and transferred separate and apart from the other coupons and [ rom the 13onds to
<br /> which tiiey relate .
<br /> The lionds shall bear the manual signature of the Chairman oE the Governing
<br /> � " Body of the Lessor and shall be attesteJ by tlie facsimile siF;nature of the Lessor ' s
<br /> ; . Clerk , and a facsimile of l'he official seal of the Lessor shail be impressed or printed
<br /> ! on the bonds . The coupons attaclied to the Ilonds shall bc suUstantially in the torm
<br /> hereinabove set forth and sliall be executed ioitli the facsimile signatures of snid Chair-
<br /> man and Clerk. In case any officer whose signature or a Eacsimile of whose signaturc
<br /> shall appear on any bonds or coupons shall cease to be such oPficer before the delivery
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