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93 <br />Page 4 <br />shall be payable semiannually on June 1 and December 1 of each <br />year commencing June 1, 1965. The bonds shall be numbered <br />consecutively from one (1) to sixty-three (63), inclusive, and <br />shall be in the denomination of $1,000 each, except that Bond <br />No. 5 shall be in the denomination of $300. The bonds shall bear <br />interest as follows: Bonds Nos. 1 to 45, inclusive, being the <br />bonds maturing in the years 1967 to 1976, inclusive, shall bear <br />interest at the rate of 3% per annum; Bonds Nos. 46 to 63, inclusive, <br />being the bonds maturing in the years 1977 to 1979, inclusive, shall <br />bear interest at the rate of 2 1/4% per annum. The principal and <br />interest shall be payable in lawful money of the United States of <br />America upon presentation of the bond or proper coupon at the <br />office of the Union National Bank of Little Rock, Little Rock, <br />Arkansas. The bonds shall mature on December 1 of each year as <br />follows, but shall be callable as hereafter set forth: <br />YEAR BOND NOS. AMOUNT <br />1967 <br />1 - <br />5 <br />$ 42300 <br />1968 <br />6 <br />- 9 <br />49000 <br />1969 <br />10 - <br />13 <br />4,000 <br />1970 <br />14 <br />- 17 <br />4,000 <br />1971 <br />18 <br />- 21 <br />43,000 <br />1972 <br />22 - <br />25 <br />4,000 <br />1973 <br />26 - <br />30 <br />5,000 <br />1974 <br />31 - <br />35 <br />53,000 <br />1975 <br />36 - <br />40 <br />5,000 <br />1976 <br />41 <br />- 45 <br />53,000 <br />1977 <br />46 <br />- 51 <br />6,000 <br />1978 <br />52 - <br />57 <br />63,000 <br />1979 <br />58 - <br />63 <br />62000 <br />