HomeMy WebLinkAbout0590 ;
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~ THE FAITH BAPTIST CHURCH OF FORT PIERCE, FLORID~A .INC. ~
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EXHIBIT "B" 1
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i; Monies from weekly offerings of the church are required to be #
deposited into a Sinking Fund Account maintained by bank serving as i
Paying Agent. ~
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~ The follawing is the schedule of deposits to be made to be used ~
to amortize the aforementioned bonds issued as First Mortgage Sinking Fund
"Series of Merch 1, 1972". ~
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BEGINNING MARCH 1, 1972 ~
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$270.00 per week for one year, then~ ~
$300.00 per week for one year, then ~
$322.50 per week for one year, then ;
$375.00 per week for seven and one-half years. 7f
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The above amornmt will retire $90,000.00 of the $150,000.00 Bond !
' Issue and pay sll interest on the total issue for 10 1/2 yeare, and at that ~
time $60,000.00 vill have to be refinanced if not paid off prior to that i
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date. ~
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Day of 14-- ~
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