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Section 2. That for the purpose of providing funds to ac-
<br /> quire, construct and install the additions and improvements to and
<br /> extensions of the System authorized in Ordinance No . 3631, the city
<br /> shall issue the Bonds .
<br /> The Bonds shall be dated October 1, 1957, shall be in de-
<br /> nominations of $1,000 each, and shall be numbered, mature in order
<br /> of their number, and bear interest as evidenced by coupons to be at-
<br /> tached thereto payable semiannually on the first days of April and
<br /> OctdDer of each year as follows:
<br /> Interest
<br /> Bond Nos . Maturity Date Amount Rate
<br /> 1-70 October 1, 1959 $ 70,000 4%
<br /> 71-145 October 1, 1960 75,000 4%
<br /> 146-220 October 1, 1961 75,000 4%
<br /> 221-300 October 1, 1962 80,000 4%
<br /> 301-380 October 1, 1963 80,000 4%
<br /> 381-465 October 1, 1964 85,000 4%
<br /> 466-550 October 1, 1965 85,000 4%
<br /> 551-640 October 1, 1966 90,000 4%
<br /> 641-735 October 1, 1967 95,000 4%
<br /> 736-835 October 1, 1968 100,000 4%
<br /> 836-940 October 1, 1969 105,000 4%
<br /> 941-1050 October 1, 1970 110,000 4%
<br /> 1051-1165 October 1, 1971 115,000 4%
<br /> 1166-1285 October 1, 1972 120,000 4%
<br /> 1286-1495 October 1, 1973 210,000 4%
<br /> 1496-1715 October 1, 1974 220,000 4%
<br /> 1716-1945 October 1, 1975 230,000 4 1/4%
<br /> 1946-2185 October 1, 1976 240,000 4 1/4%
<br /> 2186-2435 October 1, 1977 250,000 4 1/4%
<br /> 2436-2695 October 1, 1978 260,000 4 1/4%
<br /> 2696-2965 October 1, 1979 270,000 4 1/4%
<br /> 2966-3245 October 1, 1980 280,000 4 1/4%
<br /> 3246-3540 October 1, 1981 295,000 4 1/4%
<br /> 3541-3850 October 1, 1982 310,000 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 special Bond Redemption Fund
<br /> hereinafter created.
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