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$425,000 aggregate principal amount of the Bonds <br />shall bear interest at the rates per annum and mature serially on <br />September 1 in the years and amounts as follows: <br />INTEREST INTEREST <br />YEAR AMOUNT RATE YEAR AMOUNT RATE <br />1991 $40,000 6.40% 1995 $55,000 7.00% <br />1992 45,000 6.60 1996 60,000 7.10 <br />1993 50,000 6.80 1997 60,000 7.20 <br />1994 50,000 6.90 1998 65,000 7.30 <br />$320,000 aggregate principal amount of the Bonds shall <br />be issued as term bonds and shall mature on September 1, 2002, <br />and bear interest at the rate of 7.408 per annum. Amortization <br />installments are hereby established for such Bonds due September <br />1, 2002, and such Bonds due September 1, 2002, as will be <br />selected by lot, shall be deemed to be due on September 1 in the <br />years and amounts as follows: <br />YEARS AMOUNTS <br />1999 $70,000 <br />2000 75,000 <br />2001 85,000 <br />2002 90,000 <br />Principal amounts of the Bonds or portions thereof <br />maturing September 1, 2002, to be selected by lot, which shall he <br />equal to the following mandatory amortization installments: <br />YEARS AMOUNTS <br />1999 $70,000 <br />2000 75,000 <br />2001 85,000 <br />2002 90,000 <br />shall be redeemed on September 1 in such years prior to their <br />maturity (except the installment maturing in the year 2002) by <br />operation of the Bond Amortization Account, at the price of the <br />principal amount thereof plus accrued interest to the date of <br />prior redemption, or be purchased in the open market at a price <br />not to exceed such redemption price. <br />$1,975,000 aggregate principal amount of the Bonds shall <br />be issued as term bonds and shall mature on September 1, 2015, <br />and bear interest at the rate of 7.50% per annum. Amortization <br />installments are hereby established for such Bonds due September <br />-3- <br />