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Interest shall be payable on January 1, 1961, and semiannually thereafter on July 1 and January 1 of <br />each year. Bonds numbered 1 through 45 shall be payable on their stated maturity dates without <br />option of prior payment, but those numbered 46 through 85 (maturing in the years 1971 through <br />1975) shall be each subject to redemption and prepayment at the option of the Village on January 1, <br />1970, and any interest payment date thereafter, in inverse order of their serial numbers, and at a <br />price of par plus interest to accrue to the date specified for redemption thereof, plus a premium of <br />$40 for each bond redeemed, and the bonds numbered 66 through 85 (maturing in the years 1974 <br />and 1975) shall also be redeemable on January 1, 1964, and any interest payment date thereafter, at a <br />price of par and accrued interest plus a premium of $50 for each bond redeemed prior to January 1, <br />1970. Not less than thirty days prior to the date specified for redemption of any of said bonds the <br />Village Treasurer shall mail notice of the call thereof to the holder, if known, and to the bank at <br />which principal and interest are then payable, and said Treasurer shall maintain a register of the <br />names and addresses of the holders of prepayable bonds of said issue, so far as such information is <br />made available to him. The principal of and interest on said bonds shall be payable at a bank to be <br />designated later and the Village hereby agrees to pay the reasonable and customary charges of said <br />paying agent and to account for the same as a cost of the operation of said dispensary. <br /> <br />4. Said bonds and the interest coupons appurtenant thereto shall be in substantially the <br />following form: <br /> <br /> <br /> <br /> <br /> <br />H.A. Briggs <br />Village Clerk <br /> <br />