ANNUAL DEBT REQUIREMENTS FOR AIRPORT FROM JUNE 30, 1974, AND MATURITIES OF BONDS NOW OFFERED: NOTE: The above annual debt requirements does not include $3,600,000 Airport ANNUAL DEBT REQUIREMENTS FOR ALL PURPOSES FROM JUNE 30, 1974, AND MATURITIES OF BONDS NOW OFFERED: NOTE: In addition to the debt shown above the City has Lease-Purchase Agreements as follows: $2,245,557 Utilities Building and $2,753,300 Municipal Parking Garage. NOTICE AND BLANK PROPOSAL $10,000,000 City of Fayetteville North Carolina Electric Bonds Series A SEALED BIDS WILL BE RECEIVED UNTIL 11 O'CLOCK A. M., NORTH CAROLINA TIME FEBRUARY 10, 1976 NOTICE OF SALE $10,000,000 CITY OF FAYETTEVILLE, NORTH CAROLINA ELECTRIC BONDS, SERIES A Sealed bids will be received until 11 o'clock A. M., North Carolina Time, February 10, 1976, by the undersigned at its office in the City of Raleigh, North Carolina, such bids to be opened at said time and place on said day, for the purchase of $10,000,000 Electric Bonds, Series A, of the City of Fayetteville, North Carolina (first series of an authorized issue of $18,000,000 Bonds), dated March 1, 1976 and maturing annually, March 1, $500,000 1978 to 1991, inclusive, and $600,000 1992 to 1996, inclusive, without option of prior payment. Denomination $5,000; principal and semi-annual interest (March 1 and September 1) payable in legal tender at First-Citizens Bank and Trust Company, in the City of Raleigh, North Carolina, or, at the option of the holder or registered owner, at Chemical Bank, in New York City; general obligations; unlimited tax; coupon bonds registrable as to principal only; delivery on or about March 1, 1976, at place of purchaser's choice. There will be no auction. Bidders are requested to name the interest rate or rates, in multiples of 1/4 or 1/10 of 1%, and each bidder must specify in his bid the amount and the maturities of the bonds of each rate. The difference between the lowest and highest rates named in the bid shall not exceed 2%. No bid may name more than six interest rates, any of which may be repeated. All bonds maturing on the same date must bear interest at the same rate. The interest payable on any bond on any interest payment date shall be represented by a single coupon and the interest rate on such bond shall be the same throughout its life. The bonds will be awarded to the bidder offering to purchase the bonds at the lowest interest cost to the City, such cost to be determined by deducting the amount of any premium bid from the aggregate amount of interest upon all of the bonds from their date until their respective maturities. No bid for less than the face value of the bonds plus accrued interest will be entertained. Each bid must be submitted on a form to be furnished with additional information by the undersigned, must be enclosed in a sealed envelope marked "Bid for Bonds", and must be accompanied by an official bank check, a cashier's check or a certified check upon an incorporated bank or trust company for $200,000, payable unconditionally to the order of the State Treasurer of North Carolina, on which no interest will be allowed. Award or rejection of bids will be made on the date above stated for receipt of bids and the checks of unsuccessful bidders will be returned immediately. The check of the successful bidder will be held uncashed as security for the |