Article 2
The Commission shall be authorized to take all actions and execute all documents necessary, proper or desirable to conclude, on behalf of the Community, a public issue in the United States of notes denominated in US dollars underwritten by various investment banking firms, as indicated below, on the following major terms: (1)OJ No L 46, 20.2.1975, p. 1. (2)OJ No L 77, 24.3.1976, p. 12. form of loan: bearer coupon notes in the denomination of US dollars 1 000 ; registered notes in the denomination of US dollars 1 000 and any multiple thereof; total amount: US dollars 100 million; redemption: at par after five years; payment of interest: semi-annually, on 1 April and 1 October; managing underwriters: - managing underwriter : Morgan Stanley &, Co. Incorporated; - co-managers : The First Boston Corporation, Kuhn, Loeb & Co., Lehman Brothers Incorporated, Salomon Brothers. The rate of interest and public issue price shall be fixed by agreement between the Commission, or such agents as it may designate, and the underwriters.