1. MIDA Bond-Bethany on 42nd - Laserfiche WebLink

ARTICLE II THE SERIES 2008 BONDS SECTION 2.1. ISSUANCE OF BONDS. LIMITED OBLIGATION. For the purposes of (i) constructing and equipping the Project, (ii) paying interest on the Bonds during construction of the Project, (iii) funding the Reserve Fund, and (iv) paying a portion of the Costs of Issuance of the Bonds, the Board of County Commissioners of the Issuer has authorized the issuance under this Indenture, of Series 2008 Bonds in the aggregate principal amount of$23, 705,000. The Series 2008 Bonds shall be designated "Cass County, North Dakota, Housing and Healthcare Facilities Revenue Bonds (Bethany on 420d Project), Series 2008" and shall be issued in fully registered form and in denominations as provided in Section 2.3. The Series 2008 Bonds shall be dated the Delivery Date, and shall mature on May 1 in the years and amounts set forth below and Series 2008 Bonds maturing in such years and amounts shall bear interest payable thereon at the rate per annum set forth opposite such years and amounts from the date of issue until paid or redeemed: Stated Maturity ( May 1) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Aggregate Principal Amount Interest Rate Stated Maturity ( May 1) 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 Aggregate Principal Amount Interest Rate Interest on the Series 2008 Bonds shall be payable semiannually on each Interest Payment Date and the principal of and redemption price, if any, of the Series 2008 Bonds will be payable at maturity or earlier redemption date as provided in Section 2.5 hereof. Interest on the Series 2008 Bonds is computed on the basis of a 360-day year composed of twelve 30-day months. The Series 2008 Bonds shall be subject to optional, mandatory and extraordinary redemption prior to maturity and in the manner provided in Sections 2.8, 2.9 and 2.10 hereof and in the form of 2-1