Ordinance 3633 - Laserfiche WebLink

J day of October, 19 , the principal sum of ONE THOUSAND DOLLARS together with interest thereon at the rate of % per annum payablesemiannually 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 sev- erally become due and until the payment of such principal sum shall be 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 . of the city. The city has reserved the right to redeem any or all of the outstanding bonds of this issue when such redemption is from earnings only of its water supply and distribution system, in inverse order of maturities, at par and accrued interest to date of redemption on any interest payment date on and after October 1, 1967; provided, however, that if less than all of the bonds outstanding maturing on such last maturity date are to be so redeemed, such bonds within such maturity to be re- deemed shall be selected by lot . The city has further reserved the right to redeem any or all of the outstanding bonds of this issue by refunding on the following interest payment dates at the following prices ex- pressed as a percentage of the principal amount plus accrued interest to date of redemption: -18-