1972 - 03-31-72 Special Meeting - Laserfiche WebLink

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aoor; $ ME 51 (2) Said bonds shall consist of fifty bonds of the denomi- nation of $1,000 each, numbered from 1 to 50, inclusive, in the order of their.maturity, and shall be payable in annual installments on June l in each year as follows: $4,000 in each of the years 1973 to 1978, inclusive, $10,000 in the years 1979 and 1980, and $6,000. in the year 1981. (3) Said bonds shall be dated December 1, 1971 (unless awarded to the United..States of America in which case the bonds shall be dated as of the date of delivery thereof), and shall bear interest from their date until they shall mature at a rate or rates which shall be hereafter determined provided the net interest cost to the County shall not exceed 5% per annum. Such interest shall be payable on June 1, 1972 and semi-annually thereafter on December 1 and June 1 in each year; provided, however, that if any bonds shall be registered as to both principal and interest, the interest on such bonds to the maturity thereof shall be payable on June 1, 1972 and annually thereafter on the 1st day of June of.each year. (4) Said bonds shall be coupon bonds, registrable as to principal alone or as to both principal and interest, or, at the option of the purchaser, a single bond without coupons payable in installments, registrable as to both principal and interest. The bonds shall bear the facsimile signatures of the Chairman and Clerk of the Board of Commissioners of the County and a facsimile of the corporate seal of the Countyshall be imprinted upon each of the bonds. Each of the interest coupons to be attached to the bonds shall be authenticated by the facsimile signature of said Clerk, except in the case of a single bond without coupons. Both principal of and interest on the bonds, except interest on any bond registered as to both principal and interest which shall be paid by check mailed to the registered owner thereof, shall be payable at the - 2 - J e i