The corporation was authorized to issue 1,000 ten-year first mortgage bonds (par value price 1,000 each) on May 1, 1992.
The bond indenture carries among other things the payment of interest at 9% per annum due on May 1 and November 1 of
each year. On May 1, 1992, price 600,000 of the bonds were sold at 104. The books show that the last recording of interest
payment was on November 1, 1997.
The corporation was authorized to issue 1,000 ten-year first mortgage bonds (par value price 1,000 each) on May 1, 1992.The bond indenture carries among other things the payment of interest at 9% per annum due on May 1 and November 1 of each year. On May 1, 1992, price 600,000 of the bonds were sold at 104. The books show that the last recording of interestpayment was on November 1, 1997.
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