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Last modified
7/17/2007 9:13:07 AM
Creation date
4/25/2005 12:03:31 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
6994
Resolution Title
Accepting Bid on Sale of $2,415,000 General Obligation Improvement Bonds, Series 10 Providing for their Issuance and Levying a Tax for the Payment Thereof
Resolution Date Passed
8/11/1980
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<br />4. The bonds shall mature in the years and bear the <br />serial numbers set forth below, and shall bear interest payable <br />September 1, 1981 and semiannually thereafter on March 1 and <br />September 1 of each year at the respective rates per annum set <br />opposite the maturity years and serial numbers: <br /> <br />11 a t u r i tv Years Serial Numbers Interest Rate <br />1982 1-20 6.00' <br />1983 21-40 6.00' <br />1984 41-60 6.00t <br />1985 61-90 6.00' <br />1986 91-120 6.10' <br />1987 121-150 6.30' <br />1988 151-180 6.50' <br />1989 181-206 i.70\ <br />1990 207-232 6.90' <br />1991 233-258 7.00' <br />1992 259-283 7.20' <br />1993 284-308 7.40' <br />1994 309-333 7.60' <br />1995 334-358 7.IOt <br />1996 359-383 8.00\ <br />1997 384-408 1.10' <br />1998 409-433 1.20t <br />1999 434-458 8.30' <br />2000 459-483 8.30\ <br /> <br />5. All bonds of this issue maturing in the years <br />1990 to 2000, both inclusive (bonds numbered 207 to 483, both <br />inclusive), shall be subject to redemption and prepayment at <br />the option of the City in inverse order of serial numbers, on <br />September 1, 1989 and on any interest payment date thereafter <br />at par and accrued interest. Published notice of redemption <br />shall in each case be given in accordance with law, and mailed <br />notice of redemption shall be given to the bank where the bonds <br />are payable. <br /> <br />6. The bonds and interest coupons to be issued <br />hereunder shall be in substantially the following form: <br />
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