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m Bonds bid for immediate delivery under Alternative (l) or delivery in the first installment tinder Alternative (2) will be delivered not later than thirty (30) days from the date of award. Bonds bid under Alternative (2) for delivery in the second installment will be delivered not sooner than six months nor later than one year from the date of award. At any time after the expiration of said six months and before the expiration of said one year, either the District or the bidder to whom the bonds shall have been awarded, upon giving written notice by registered mail to the other, may require delivery of and payment for the second installment of bonds. Not more than 10 days after the receipt of said written notice, the second installment of said bonds shall be delivered and paid for. The bonds shall be sold for cash only and accrued interest to the date or dates of delivery. Each bid shall state that the bidder offers par and accrued interest to the date or dates of delivery, the premium, if any, and the interest rate or rates, payable annually for the first year and semiannually thereafter, at which the bidder offers to buy the bonds. The coupon rate shall not exceed six per cent (6$) per annum. Said interest rate or rates must be in multiples of 1/4 of 1% or 1/10 of 1$. Each bid shall state a single interest rate for all bonds of the same maturity. The coupon rate or 13.