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Tyipe of Bid. Rates offered by Bidders shall be in integral multi- <br />ples 1/8 of 1,%. Nol limitation is placed upon the <br />number of rates which may be used. All Bonds of the same maturim- <br />ty must bear a single uniform rate from, date of "issue to maturity <br />and no, rate of any maturity may be lower than the highest rate <br />,applicable to Bonds, of' any, preceding, maturities. <br />-exempt obliga� <br />The City will desIgnate the Bonds as iqualif ied tax <br />tions for, purposes of Section 265 (b) (3) of the Internal Revenue <br />Code o�f 1986, as a,menid,ed,. <br />The City will reserve the right to: (i) waive non-substantive <br />di 101 <br />informaliti,es of any bid or of' matters relating to the receipt of <br />bids and, award of the Bonds, (ii".) rellect all bids without cause, <br />and reject any, bid which, the City determines to have failed <br />to Comply with, the terms hereing <br />;04DY Q 0 A 1400PURFM� MA <br />Delivery Payment Ownership of the Bonds, Within, 40 days <br />following the date of award of the Bonds, the Global Certificates <br />will be dieliveired, wi,t,hoiu,t cost to the Purchaser at a place mutu- <br />ally satisfactory to the, City and the Purchaser, On the date of <br />settlement payment for the Bonds shall be made in federal, or <br />