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Section 12 . The Bonds shall be in substantially the <br /> following form: <br /> UNITED STATES OF AMERICA <br /> NO. $1,000 <br /> STATE OF WAS H I NGT ON <br /> CITY OF EVERETT <br /> SEWER REVENUE BOND, 1960 <br /> KNOW ALL MEN BY THESE PRESENTS : <br /> That the Cityof Everett, a municipal <br /> unici al corporation of <br /> P P <br /> the State of Washington, hereby acknowledges itself to owe <br /> and for value received promises to pay to bearer on the <br /> first day of September, 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 first days of March and <br /> September of each year as evidenced by and upon presentation <br /> and surrender of the attached interest coupons as they sev- <br /> erally become due or until the payment of such principal <br /> sum shall be made or duly provided for. Both principal of <br /> and interest on this bond are payable in lawful money of the <br /> United States of America at the office of the City Treasurer <br /> in Everett, Washington, or, at the option of the holder, at <br /> the fiscal agency of the State of Washington in the City of <br /> New York, New York, solely out of the special fund of the <br /> city known as "Everett Sewer Revenue Bond Redemption Fund" <br /> created by Ordinance No. of the city . <br /> The City of Everett has reserved the right to redeem <br /> the bonds of this issue maturing September 1, 1976 through <br /> September 1, 1990, in inverse numerical order, on the follow- <br /> ing interest payment dates and at the following prices ex- <br /> pressed as a percentage of the principal amount, plus <br /> accrued interest to the date of redemption: <br /> • <br /> -27- <br />