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Section .2. . Sale. of Bond. <br />2.0t. Award to the Purchaser and Interest. Rates. The ,proposal of <br />(the "Purchaser") to purchase the Bonds of the City <br />described in the .Terms of Proposal thereof is hereby found and determined to be a reasonable <br />offer and is hereby accepted, the proposal being to purchase.:the Bonds at. -a price .9f <br />$ plus accrued 'interest. to .date of *delivery, for Bonds bearing interest -as <br />follows: <br />Year :Inter`est-Rate <br />2009 <br />2010 <br />201.1 <br />.2012 <br />2013 <br />2014. <br />2015 <br />2016 <br />2017 <br />2018 <br />Year Interest Rate <br />2019 <br />2016. <br />20.21 <br />2022 <br />2023 <br />2024 <br />2025 <br />2026 <br />2027 <br />2.028 <br />2.02. Purchase Contract. The sum of $ being.4he. amount proposed by the <br />Purchaser in :excess of $ shall be credited to the Debt Service Fund Hereinafter <br />created, or deposited in'the .Construction Fun4 under. Section 5.01 hereof, as determined by the <br />city'$ financial advisor. The City Treasurer. is directed to retain the goad faith check of the <br />Purchaser, pending completion of the sale of the. -Bonds, and to return the good faith checks of <br />the unsuccessful proposers. The: Mayor and.City Clerk are directed to execute a contraot-with. <br />the Purchaser on behalf of the City. <br />2.03,. Terms and Principal Amounts of Bonds.. The City will forthwith issue and.-seil. <br />the Bonds. pursuant to the (the "Act'j to the Purchaser- is the total principal amount of <br />$ The Bonds will be originally dated as oflune.20, 2007 in the denomination of <br />$5,000 each or any -integral multiple thereof, numbered No. R l upward, bearing interest as <br />above set forth. and.mattiring serially on February 1 in the.years and amounts as*fQllows: <br />310976VI MNt G61904 3 <br />