Issued $76,600,000 of 20-year, 8% callable bonds dated July 1, 2016, at a market (effective) rate…

Issued $76,600,000 of 20-year, 8% callable bonds dated July 1, 2016, at a market (effective) rate of 9%, receiving cash of $69,552,279. Interest is payable semiannually on December 31 and June 30.

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