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1 in each of the years to , both <br />inc usive. Principal of and interest on the Bonds will be <br />• payable in such coin or currency of the United States of <br />America as at the respective dates of payment thereof is <br />legal tender for public and private debts. The principal of <br />the Bonds is payable at the principal office of <br />, in the City of , <br />Interest on the Bonds will be payable on <br />1, and semiannually on each 1 and <br />thereafter by check or draft mailed by , <br />registrar for such Bonds, to the registered owners at their <br />respective address as such address appears on the books of <br />registry kept by the registrar. <br />The Bonds (or portions thereof in installments of <br />$5,000 or any integral multiple thereof) maturing on and <br />after 11 shall be subject to redemption at <br />the option o the City prior to their stated maturities, <br />upon at least thirty (30) days' prior notice, at any time on <br />or after 1, , in whole or in part from time to <br />time in such order as may be determined by the City (except <br />that if at any time less than all of the Bonds of a maturity <br />are called for redemption, the particular Bonds of such <br />maturity to be redeemed shall be selected by lot), upon <br />payment of the principal amount of the Bonds (or the <br />principal amount thereof to be redeemed) together with the <br />interest accrued thereon to the date fixed for redemption, <br />plus (INSERT PROVISIONS FOR REDEMPTION). <br />• The Bonds shall be general obligations of the <br />City, and the full faith and credit of the City shall be <br />irrevocably pledged to the punctual payment of the principal <br />of and interest on the Bonds as the same become due. In <br />each year while the Bonds, or any of them, are outstanding <br />and unpaid, there shall be assessed, levied and collected <br />upon all property in the City subject to taxation by the <br />City a tax sufficient to provide for the payment of the <br />principal of and interest on the Bonds as the same become <br />due. <br />Bidders shall specify the rate or rates of <br />interest per annum which the Bonds shall bear, such rate or <br />rates to be expressed in multiples of one-eighth (1/8th) or <br />one -twentieth (1/20th) of one percent (18). Bidders are not <br />limited as to the number of rates which may be named, but <br />the rate of interest on the Bonds of each separate maturity <br />must be the same single rate for all Bonds of that maturity <br />from the date of the Bonds, to such maturity date. The <br />difference between the highest and lowest interest rates <br />specified in any bid shall not exceed percent ( %). <br />A bid for the purchase of the Bonds at less than par will <br />not be considered. In addition to the price bid for the <br />Bonds, the successful bidder must pay accrued interest from <br />-7- <br />