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• <br /> • <br /> That the City of Everett, a municipal corporation of <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 May, 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 May and <br /> November of each year upon presentation and surrender of <br /> the attached interest coupons as they severally become due . <br /> Both principal of and interest on this bond are payable in <br /> lawful money of the United States of America at the office <br /> of the City Treasurer in Everett, Washington. <br /> This bond is one of an issue of general obligation bonds <br /> of the city of like amount, date and tenor in the total prin- <br /> cipal amount of 0650,000, and is issued pursuant to Ordinances <br /> No . 3571 and No . L., of the City Council duly and regularly <br /> adopted, and a vote of the qualified electors of the city, for <br /> the purpose of providing funds to construct, install and make <br /> certain capital improvements to certain main travelled streets, <br /> roads and avenues within the city. <br /> The City of Everett has irrevocably covenanted by said <br /> Ordinance No . 3k that it will levy taxes annually upon all <br /> the taxable property within the city without limitation as to <br /> rate or amount and in amounts sufficient to pay the principal <br /> of and interest on said bonds as the same shall become due . <br /> The full faith, credit and resources of the city are hereby <br /> irrevocably pledged for the prompt payment of such principal <br /> and interest . <br /> -3- <br />