1983-027 - Laserfiche WebLink

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db 40 •• shall have matured or be about to mature, instead of issuing a substitute Bond or coupons, the County may nay the same, upon being indemnified as aforesaid, and if such Bond or coupon be lost, stolen or destroyed, without surrender thereof. All such duplicate Bonds and coupons issued pursuant to this section shall constitute original, additional contractual obligations on the part of the County whether or not the .lost, stolen or destroyed Bonds or coupons be at any time found by anyone, and such duplicate Bonds and coupons shall be entitled to equal and proportionate benefits and rights as to lien on and source and security for payment from the funds, as hereinafter pledged, to the same extent as all other Bonds and coupons issued under the Authorizing Resolution. SECTION 5. DETAILS OF BONDS. Said $5,000,000 General Obligation Bonds shall be dated April 1, 1983, shall bear interest payable semiannually on October 1 and April 1 and shall mature serially, in numerical order, on April 1 of each year in the years and amounts as follows: YEAR AMOUNT 1984 $ 890,000 1985 940,000 1986 990,000 1987 1,055,000 1988 1,125,000 Said Bonds shall not be redeemable prior to their stated dates of maturity. SECTION 6. SALE OF BONDS. The said Bonds shall be offered at public sale on sealed proposals on April 20, 1983, at 11:00 o'clock A.M. (EST) at the Board's meeting room in the County Administration Building. The County Administrator is hereby authorized and directed to publish notice of such sale in The Daily Bond Buyer, a financial newspaper published in the Borough of Manhattan, City and State of New York and, in his discretion, in a newspaper published in the County one time not less than ten (10) days prior to such date of sale. The Notice of Sale shall be in substantially the form attached hereto as Exhibit "A" which -9-