Ordinance 3946 - Laserfiche WebLink

Security Maturity Date Par Value U. S . Treasury 8/15/64 $ 102,000 3 3/4% Notes U. S. Treasury 4 5/8% Notes 5/15/65 108,000 U. S. Treasury 4% Notes 8/15/66 110,000 U. S . Treasury 3 3/4% Notes 8/15/67 3,349,000 U. S. Treasury 3 3/4% Bonds 8/15/68 5,000 U. S . Treasury 4% Bonds 10/1/69 71,000 The balance of the money on deposit in the 1957 Bond Redemption Fund shall be used immediately to purchase U. S. Treasury Bills maturing on September 26, 1963. Such $ 7 6O dip l� %, together with the money on hand in the 1961 Bond Redemption Fund and the reserve account created therein, shall be used immediately to purchase the following-described direct obligations of the United States at the then current market price plus accrued interest: Security Maturity Date Par Value U. S. Treasury 3 7/8% Bonds 11/15/71 $766,000 The U. S. Treasury Notes and Bonds to be purchased out of the moneys in the 1957 Bond Redemption Fund shall be registered as to principal and interest, in the name of the "Everett Water Revenue Bond Redemption Fund, " and the U. S. Treasury Bonds to be purchased out of the money in the 1961 Bond Redemption Fund shall be registered as to principal and interest, in the name of the "Everett 1961 Water Revenue Bond Redemption Fund. " Such U. S. Treasury Notes and Bonds shall remain registered as to principal and interest as above provided to the maturity thereof. 4.