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2A4 <br />81-- U~~~~ ;~;. <br />ARTICLE II. <br />Form, Execution, Autheiiticar,i~n, Delivery and Registration <br />of Bonds <br />Section 201. Authorization of Series 1981 Bonds. The <br />Bonds to be i:itially issued hereunder shall be substan- <br />tially in the form and of the tenor and purpose hereinbefore <br />recited, and shall be known as "Series 1981 Bonds". Series <br />1981 Bonda in the aggregate principal amount of Four Hundred <br />Twenty-Five Thousand Dollars ($425,000) shall be initially <br />issued by the County ~s soon as practicable following the <br />date of execution of this Indenture, and the proceeds <br />thereof shall be delivered to the Trustee and depositen in <br />the Bond Fund and Construction Fund, resgectively, as <br />provided in Articles V and VI of this Indenture. <br />Section 202. Variations Permitted on Bonds. The Bonds <br />issued under the provisions of this Antic a shall be <br />substantially in the forms hereinabove set forth, with such <br />appropriate variations, omissions or insertions as are <br />permitted or required by this Indenture, and may have <br />endorsed thereon such legends or text as may be necessary or <br />appropriate to conform to any applicable rules and <br />regulations of any governmental authority or any usage ar <br />requirement of law with respect thereto. The Bonds issued <br />under the provisions of this Article shall be substantially <br />in the form hereinabove set forth, with such additional <br />changes as may be necessary or appropriate to conform to ttze <br />provisions of the Resolution authorizing the issuance of <br />such Bonds. <br />Section 203. Descri tion of Series 1981 Bonds. The <br />$425,000 of Series 1981 Bon s sha 1 be designated Industrial <br />Development Revenue Bonds -- Series 1981 (H & H Partnership <br />Project). The Series 1981 Bonds shall be issued as fully <br />registered bonds, dated November 15, 1981, and in <br />denominations of Five Thousand Dollars ($5,000) each. The <br />Bonds shall bear interest as set forth below from <br />November 15, 1981 to the date of their maturity, which <br />interest shall be payable in semiannual installments <br />commencisq May 15, 1982 and on each November 15 and May 15 <br />ttlereafter, and shall re stated to mature (subject to the <br />right of prior redemption), all as set Earth in the <br />following table: <br />Bond Buyer <br />Principal Date of Initial Rate Prime Rate Revenue Index <br />Bond Nos. Amount Maturity of Interest Multiplier Multiplier <br />1 $ 5,000 11/15/83 10.65% 53.25 74.79 <br />2 5,000 11/15/84 10.85 54.25 76.19 <br />3-4 10,000 11%15/85 11.05 55.25 77.b0 <br />5-6 10,000 11/15/86 11.25 56.25 79.00 <br />7-11 25,000 11/15/87 11.45 57,25 80.41 <br />12-16 25,000 11/15/88 11.65 58.25 81.81 <br /> 25 <br /> <br />J <br /> <br />