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Yest rate on tt?e Note a~~ desc~ibed in Paragraphe ( ii ) or ~
. . i nte
. f ii. :mbove ~nd the- ca~lculation, ~f the amount ~ue, th~ County j{
_ ~
° tc £he Notehoader the addi~ional nmount so calculated ;
- - shnll p~?Y
Y..
t
. to tie due ~hrough the n~xt Inte~es~. Payrn~nt ~ Date for th~ ~Note on ~
such Interest P~~?ment D~te. ~ Th8 `addit~onal ~mc?unts so due shall
constitute interest.~on the-Note.and shull be included within the•~
Lerm "interegt" whenever`that term is used herein. _ :
. (a). Prepayment. ~Upon verbal not~ice of at least one day
the No~eholder, ths prinaipal of the Note .together _with
to _
interest accrued thereon to the date of pzepayment,. may 1~ p=e-; 'ti
- aid at any ti~me ~ti? during the first Note Year~ and tii~
P
thereafter,_ if the St~?ted Rate continues ta be ~ the Flaating Rate.
. If 'the County.exercises it$ option ~to convert the S~eted Rate ta ;3;
the Fixec9 Rate, on the . f irst- Anniversary Date, then and af t~r -
such time the Note may not be prepaid. -
SECTION EXECUTION 4F NOTE; NEGOTIABILZTY AND.
~ REGISTRATION. (a) Execution of Notes. The Hote shall ba exe- -
. cuted in the name of the Covnty by the`Chairman of the Board. ana -
~ attested and countersiqned by`the ~2erk ~f the Cir~uit Court, ex~
of f icio Clerk o~ the Board, and its co~porate s~al ar n f acsimile ;
thereof shall be aff.xed thereta or teproduced thereon. .Tha Note
~ mdy be signed and sealed on behalf ~f the. CountX ,by any ~pe~rson
~ho at the actval time of the execution af ~such Note shall hnld
~ such of~ice in the County,' although at the da~.e \s~f auch Note such
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ROF(i,UCIE-30)1A-16(11/16/$7) ' , : . , .
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