1983-03-02 Regular Meeting - Laserfiche WebLink

Browse Search

. t. . . " . . . . "- . .. . , NOTE 5: . e CITY OF LA PORTE Page 9 of 12 NOTES to.FINANCIAL STATEMENTS .SEPTEMBER 30, .1982 CHANGES IN LONG-TERM DEBT The following is a summary of long-term debt transactions of the City for the year ended September 30, 1982: Bonds payable and Certificates of Obligation are comprised of the following individual issues at September 30, 1982: General Obligation Bonds and Certificates of Obligation 1965 General Obligation serial bond due in annual installments of $50,000 through February 1, 1986; Interest at 3.6% for 1981 - 1984; 3.7% for 1985 _ 1986 $ 200,000 1956 Water District Bonds, serial bonds due in annual installments of $17,000 to $28,000 through June 1, 1989; Interest at 4.25% 165,000 1962 Water District serial bonds in annual in- stallments of $15,000 to $50,000 through February 1, 1991; Interest at 5% 243,000 1963 Water District serial bonds in annual in- stallments of $5,000 to $55,000 throught June 1, 1993; Interest at 5% 175,000 1970 Water District serial bonds in annual in- stallments of $5,000 to $10,000.through February 1, 1989; Interest at 6.5% 65,000 1970 Water District serial bonds due in annual installments of $5,000 to $10,000 from February 1, 1989 through February 1, 1993; Interest at 8% 45,000 1973 General Obligation serial bonds due in annual installments of $30,000 to $50,000 through February 15, 1996; Interest at 6% to 1986; 5% from 1987 - 1988; 5.10% from 1989 - 1991; 5.2% for 1992; 5.25% from 1993 to 1994; 4% from 1995 to 1996 560,000 -19-