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<br />(c) the outstanding bonds to be refunded (Refunded Bonds) are the <br />following general obligation improvements bonds of the City: <br /> <br /> Original Date of Callable <br />Name of Issue Amount Issue Call Date Amoun t <br />Series 14 $4,500,000 7/1/88 3/1/94 $3,335,000 <br />Series 15 3,500,000 3/1/89 3/1/95 2,475,000 <br />Series 16 2,000,000 3/1/90 3/1/96 1,415,000 <br />Series 17 2,000,000 3/1/91 3/1/97 1,415,000 <br /> <br />2. To provide moneys to refund the Refunded Bonds and to pay the cost <br />of issuance thereof, the City will issue and sell Bonds in the amount of $8,553,600. <br />To provide in part the additional interest required to market the Bonds at this time, <br />additional Bonds will be issued in the amount of $86,400. The excess of the purchase <br />price of the Bonds over the sum of $8,553,600 will be credited to the debt service <br />fund for the Bonds for the purpose of paying interest first coming due on the <br />additional Bonds. The Bonds will be issued, sold and delivered in accordance with <br />the terms of the following Official Terms of Offering: <br /> <br />DJJt61265 <br />JUl200-13 <br /> <br />2 <br />