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<br /> City , all as more specifically authorized and provided in Ordinance
<br /> No. 4192 of the City passed and approved December 23, 1966 .
<br /> The Bonds shall be dated June 1, 1967, shall be in the
<br /> denomination of $5,000 each, shall bear interest at a rate not
<br /> to exceed 6% per annum, payable on the 1st day of June, 1968,
<br /> and semiannually on the first days of each December and June
<br /> thereafter, shall be payable both principal and interest at the
<br /> office of the City Treasurer in Everett , Washington, or at the
<br /> option of the holder, at the fiscal agency of the State of
<br /> Washington in New York, New York, and shall be numbered and
<br /> mature in order of their number as follows :
<br /> Bond Nos . Maturity Date Amount
<br /> 1-33 June 1, 1969 $165,000
<br /> 34-68 June 1, 1970 175,000
<br /> 69-104 June 1, 1971 180 ,000
<br /> 105-141 June 1, 1972 185,000
<br /> 142-180 June 1 , 1973 195 ,000
<br /> 181-220 June 1, 1974 200 ,000
<br /> 221-261 June 1 , 1975 205,000
<br /> 262-304 June 1, 1976 215,000
<br /> 305-349 June 1, 1977 225 ,000
<br /> 350-395 June 1, 1978 230,000
<br /> 396-443 June 1, 1979 240 ,000
<br /> 444-493 June 1, 1980 250,000
<br /> 494-545 June 1, 1981 260 ,000
<br /> 546-599 June 1, 1982 270,000
<br /> 600-655 June 1 , 1983 280,000
<br /> 656-713 June 1, 1984 290 ,000
<br /> 714-773 June 1, 1985 300 ,000
<br /> 774-835 June 1, 1986 310 ,000
<br /> 836-900 June 1, 1987 325 ,000
<br /> (Interest computed at the assumed rate of 3.75% per annum)
<br /> Section 2. The City hereby reserves the right to redeem
<br /> any or all of the Bonds outstanding at par plus accrued interest
<br /> in inverse numerical order on any interest payment date on and
<br /> after ten years from date of issue.
<br /> Notice of any such intended redemption shall be given by
<br /> one publication thereof in the official City newspaper not more
<br /> than 40 nor less than 30 days prior to said redemption date and
<br /> by mailing a like notice at the same time to the main office or
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