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1 <br />EXHIBIT C 03"'"' i7[i~~~~_ <br />(FORM OF FULLY REGISTERED BOND} <br />UNITED STATES OF AMERICA <br />THE COUNTY OF HALL, NEBRASKA <br />ZNDIISTRIAL DEVELOPMENT REVENUE BOND <br />{Diamond Plastics Corporation Project) <br />SERIES 1983 <br />No. R- $ <br />{1) RNOW ALL MEN BY THESE PRESENTS that The County of <br />Hall, Nebraska ("Issuer"), a body politic and corporate <br />organized and existing as a county under the Constitution and <br />laws of the State of Nebraska, for value received promises to <br />pay from the source as hereinafter provided, to the order of <br />or registered assigns, on <br />19 all amounts remaining due and owing here- <br />under, upon surrender hereof, and in like manner to pay <br />interest payable monthly commencing March 1, 1483 at the rate <br />as follows: this Bond shall bear interest at the lesser of <br />(i) a rate of eleven percent {11~) per annum (the "Fixed <br />Rate") or (ii) sixty-eight percent (688) of the Prime Rate <br />(the "Prime Rate") of InterFirst Bank Houston, N. A., as from <br />time to time in a€fect (the "Floating Rate"); provided that <br />the lesser of the two rates shall be determined on the date <br />of initial authentication of the Bonds, as hereinafter <br />defined, and such rate (either the Fixed Rate or the Floating <br />Rate) shall be the interest rate on this Bond for the period <br />from the initial authentication hereof until two (2) years <br />thereafter (the "Initial Rate Period"). The lesser of the <br />Fixed Rate or the Floating Rate shall be redetermined for <br />each two (2) year period after the Initial Rate Period on the <br />anniversary of the initial authentication of this Bond that <br />begins each such Interest Rate Period. In order to facili- <br />tate computation of interest payable for each month during <br />which the Floating Rate is applicable, the Prime Rate for the <br />three days prior to any interest payment date shall be cal- <br />culated as if there had been no change in the Prime Rate from <br />the Prime Rate for the fourth day prior to such interest <br />payment date, and any change in the Prime Rate during such <br />period shall be reflected in the amount due on the imme- <br />diately succeeding interest payment date; however, for the <br />three days immediately preceding the final interest payment <br /> <br />u <br /> <br /> <br />