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the office of the City Treasurer or at the office <br /> of the fiscal agency of the State of Washington in <br /> New York City, at the holder' s option, the sum of <br /> in lawful money of the United States, <br /> from the special fund of said city known as "Everett, <br /> 1940, Special Water Revenue Refunding Bond Fund", <br /> said sum being the semi-annual interest due that <br /> day on its water revenue bond dated January 1, 1940, <br /> numbered <br /> CITY OF EVERETT, WASHINGTON <br /> By <br /> Mayor <br /> Attest: <br /> City Clerk <br /> Section 3. Said bonds shall be registered as to <br /> principal only at the option of the holder and shall contain <br /> substantially the following provision on the back thereof: <br /> '"This bond may be registered as to principal <br /> in the name of the owner, notation of such registration <br /> to be made hereon by the bond registrar, and this <br /> bond may thereafter be transferred on said Bond <br /> Register only upon a written assignment of the regis- <br /> tered owner or his attorney, duly acknowledged or <br /> proved, such transfer to be endorsed thereon by the <br /> Bond Registrar. Notwithstanding the registration of <br /> this bond as to principal, the coupons shall remain <br /> payable to bearer and shall continue to be transfer- <br /> able by delivery. <br /> Date of Registry Name and Address Bond Registrar <br /> of Registered <br /> Owner <br /> Section 4. Said bonds shall be signed by the Mayor <br /> and attested by the City Clerk under the seal of said City, and <br /> each of the interest coupons shall be signed with the facsimile <br /> signatures of said officials. <br /> Section 5. That there be and hereby is created a <br /> special fund to be known as "Everett, 1940, Special Water Revenue <br /> Refunding Bond Fund", which fund shall be drawn upon for the sole <br /> purpose of paying the interest and principal of the said water <br /> 4. <br />