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The Bonds shall be dated April 1, 1963, shall be in the
<br /> denomination of $5,000 each, and shall be numbered, mature, and
<br /> bear interest payable on the first day of October, 1963 and semi-
<br /> annually on the first days of April and October of each year
<br /> thereafter as follows :
<br /> Interest
<br /> Bond Nos . Maturity Date Amount Rate
<br /> 1-7 October 1, 1963 $ 35,000 2 7/8%
<br /> 8-27 October 1, 1964 100,000 3 1/2%
<br /> 28-48 October 1, 1965 105,000 3 1/2%
<br /> 49-69 October 1, 1966 105,000 3 1/2%
<br /> 70-91 October 1, 1967 110,000 3 1/2%
<br /> 92-114 October 1, 1968 115, 000 3 1/2%
<br /> 115-142 October 1, 1969 140,000 3 1/2%
<br /> 143-172 October 1, 1970 150,000 3 1/4%
<br /> 173-203 October 1, 1971 155,000 3 1/4%
<br /> 204-235 October 1, 1972 160,000 3 1/4%
<br /> 236-285 October 1, 1973 250,000 3 1/4%
<br /> 286-337 October 1, 1974 260,000 3 1/4%
<br /> 338-391 October 1, 1975 270,000 3 1/4%
<br /> 392-447 October 1, 1976 280,000 3 1/4%
<br /> 448-505 October 1, 1977 290,000 3 1/4%
<br /> 506-564 October 1, 1978 295,000 3 1/4%
<br /> 565-625 October 1, 1979 305,000 3 1/4%
<br /> 626-688 October 1, 1980 315,000 3 1/4%
<br /> 689-754 October 1, 1981 330,000 3 1/4%
<br /> . 755-784 October 1, 1982 150,000 3 1/4%
<br /> 785-815 October 1, 1983 155, 000 3 1/4%
<br /> 816-847 October 1, 1984 160,000 3 1/4%.
<br /> Both principal of and interest on the Bonds shall be
<br /> payable in lawful money of the United States of America 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 Wash-
<br /> ington in New York, New York, and shall be obligations only of
<br /> the 1963 Bond Redemption Fund.
<br /> Section 3 . The City hereby reserves the right to re-
<br /> deem any or all of the Bonds outstanding in whole, or in part in
<br /> inverse numerical order, at the following times and at the fol-
<br /> lowing prices expressed as a percentage of the principal amount,
<br /> plus accrued interest to date of redemption:
<br /> 50
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