Ordinance 3816 - Laserfiche WebLink

together with interest thereon at the rate of 2.875% per annum payable on the first day of October, 1961 and semi- annually thereafter on the first days of April and October of each year as evidenced by and upon presentation and surrender of the attached interest coupons as they severally become due or until the payment of such principal sum shall have been made or duly provided for. Both principal and interest are payable in lawful money of the United States of America at the office of the City Treasurer in Everett, Washington, or, at the option of the holder, at the fiscal agency of the State of Washington in New York, New York, solely out of the special fund of the city known as "Everett Water Revenue Bond Redemption Fund" created by Ordinance No. 3633 of the city. This bond is one of an issue of water revenue bonds of the city of like amount, date and tenor except as to number and date of maturity, in the total principal sum of $31,000, which bonds are issued pursuant to ordinances of the city duly and regularly adopted, for the purpose of providing funds to pay part of the cost of acquiring, con- structing and installing certain additions and improvements to and extensions of the water supply and distribution system of the city, and is payable solely out of the gross revenue of said system. The City of Everett hereby covenants and agrees with the owner and holder of this bond that it will keep and perform all the covenants of this bond and of Ordinances No. 3631, No. 3633, No. 3754, and No. to be by it kept and performed. The City of Everett does hereby pledge and bind itself to set aside from the gross revenue of such water supply and 10.