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The city hereby further covenants and agrees that the Bonds
<br /> will not be issued and delivered to the purchasers thereof as bonds
<br /> on a parity with the Outstanding Parity Bonds until the above-described
<br /> certificate from F. T. Osborne has been filed with the city.
<br /> Section 3. That for the purpose of providing the funds
<br /> necessary to complete the payment of the cost of acquiring, constructing
<br /> and installing those additions and improvements to and extensions of the
<br /> System authorized by Ordinance No. 3631 of the city, the city shall
<br /> issue the Bonds.
<br /> The Bonds shall be dated April 1, 1960, shall be in denomina-
<br /> tions of $1,000 each, and shall be numbered, mature, and bear interest
<br /> payable on the first day of October, 1960 and semiannually thereafter
<br /> on the first days of April and October of each year as follows:
<br /> Interest
<br /> Bond Nos, Maturity Date Amount Rate
<br /> 1-5 October 1, 1961 $ 5,000 4%
<br /> 6-10 October 1, 1962 5,000 4%
<br /> 11-15 October 1, 1963 5,000 4%
<br /> 16-20 October 1, 1964 5,000 4%
<br /> 21-30 October 1, 1965 10,000 4%
<br /> 31-35 October 1, 1966 5,000 4%
<br /> 36-40 October 1, 1967 5,000 4%
<br /> 41-45 October 1, 1968 5,000 4%
<br /> 46-50 October 1, 1969 5,000 4%
<br /> 51-55 October 1, 1970, 5,000 4 1/4%
<br /> 56-60 October 1, 1971 50000 4 1/4%
<br /> 61-65 October 1, 1972 5,000 4 1/4%
<br /> 66-70 October 1, 1973 5,000 4 1/4%
<br /> 71-75 October 1, 1974 5,000 4 1/4%
<br /> 76-80 October 1, 1975 5,000 4 1/4%
<br /> 81-85 October 1, 1976 5,000 4 1/4%
<br /> 86-90 October 1, 1977 5,000 4 1/4%
<br /> 91-95 October 1, 1978 5,000 4 1/4%
<br /> 96-100 October 1, 1979 5,000 4 1/4%
<br /> 101-105 October 1, 1980 5,000 4 1/4%
<br /> 106-110 October 1, 1981 5,000 4 1/4%
<br /> 111-115 October 1, 1982• 5,000 4 1/4%.
<br /> Both principal of and interest on the Bonds shall be payable
<br /> in lawful money of the United States of America at the office of the
<br /> City Treasurer in Everett, Washington or, at the option of the holder,
<br /> at the fiscal agency of the State of Washington in New York, New York,
<br /> and shall be obligations only of the Bond Redemption Fund.
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