Ordinance 4113 - Laserfiche WebLink

at its or their main place or places of business or to the successor in business if any of said purchaser or account manager or managers at its or their main place or places of business . "Main place of business" may be the main office of, or the principal office in the State of Washington of, any such purchaser or account manager. Interest on any Bond or Bonds so called for redemption shall cease on such redemption date unless the same are not redeemed upon presentation made pursuant to such call. At the time of giving any such notice of redemption the City Clerk is hereby requested to send copies of such notice to Standard & Poor's Corporation and Moody ' s Investors Service, Inc . at their offices in New York, New York, but the sending of such notice shall not be deemed to be a condition precedent to the redemption of the Bonds so called. Section 4 . The "1965 Water System Construction Fund" (herein called the "Construction Fund" ) of the City has heretofore been created by the Plan and System Ordinances , which ordinances pro- vided that all of the proceeds of sale of the Bonds (except for accrued interest) should be paid into such Construction Fund. Any other moneys which the City may receive or have on hand and need for the purposes for which the Bonds are issued shall also be paid into the Construction Fund. The money in such Fund shall be used for the purpose of paying the cost of acquiring, constructing and installing the additions and improvements to the System authorized in the Plan and System Ordinances , for paying all costs incidental thereto, and for redeeming all outstanding warrants heretofore drawn upon the Construction Fund. The money in the Construction Fund not immediately needed to nay any such costs of construction and incidental costs may be invested in direct obligations of the United States of America maturing on or prior to the date on which such moneys shall be needed. 5 •