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c . That it will not sell or otherwise dispose of any of <br /> the properties of the System (unless the same are no longer used, <br /> useful or necessary in the operation thereof) unless provision is <br /> made for payment into the 1961 Bond Redemption Fund of a sum suf- <br /> ficient to redeem and retire all of the Bonds outstanding in ac- <br /> cordance with the terms thereof. <br /> d. That it will not furnish water (or sanitary sewage <br /> disposal service in the event the sanitary sewerage system of the <br /> city is combined with the System) to any customer whatsoever free <br /> of charge. <br /> Section 11. The Bonds shall be in substantially the <br /> following form: <br /> UNITED STATES OF AMERICA <br /> NO. $1,000 <br /> STATE OF WASHINGTON <br /> CITY OF EVERETT <br /> WATER REVENUE BOND <br /> KNOW ALL MEN BY THESE PRESENTS : <br /> That the City of Everett, a municipal corporation of <br /> the State of Washington, hereby acknowledges itself to owe <br /> and for value received promises to pay to bearer on the <br /> 15th day of December, 19 , the principal sum of <br /> ONE THOUSAND DOLLARS <br /> together with interest thereon at the rate of % per <br /> annum payable semiannually on the 15th days of June and <br /> December of each year from date of issue as evidenced by <br /> and upon presentation and surrender of the attached interest <br /> coupons at they severally become due, or until the payment <br /> of such principal sum shall have been made or duly provided <br /> for. Both principal of and interest on this bond are payable <br /> 10. <br />