Ordinance 2311-98 - Laserfiche WebLink

Section 8. Form of Bonds. The Bonds shall be in substantially the following form: Financial Security Assurance Inc. ("Financial Security"), New York, New York, has delivered its municipal bond insurance policy with respect to the scheduled payments due of principal of and interest on this Bond to The Bank of New York, New York, New York, or its successor, as paying agent for the Bonds (the "Paying Agent"). Said Policy is on file and available for inspection at the principal office of the Paying Agent and a copy thereof may be obtained from Financial Security or the Paying Agent. UNITED STATES OF AMERICA NO. $ STATE OF WASHINGTON CITY OF EVERETT LIMITED TAX GENERAL OBLIGATION BOND, 1998 INTEREST RATE: % MATURITY DATE: CUSIP NO.: REGISTERED OWNER: CEDE& Co. PRINCIPAL AMOUNT: DOLLARS The City of Everett, Washington, a municipal corporation organized and existing under and by virtue of the laws and Constitution of the State of Washington, (the "City"), hereby acknowledges itself to owe and for value received promises to pay to the Registered Owner identified above, or registered assigns, on the Maturity Date identified above, the Principal Amount indicated above and to pay interest from August 1, 1998, or the most recent date to which interest has been paid or duly provided for until payment of this bond at the Interest Rate set forth above, payable on March 1, 1999, and semiannually thereafter on the first days of each succeeding September and March. Both principal of and interest on this bond are payable in lawful money of the United States of America. For so long as the bonds of this issue are held in fully immobilized form, payments of principal and interest thereon shall be made as provided in accordance with the operational arrangements of DTC referred to in the Blanket Issuer Letter of Representation from the City to the Depository Trust Company. In the event that the bonds of this issue are no longer held in fully immobilized form, interest on this bond shall be paid by check or draft mailed to the Registered Owner at the address appearing on the Bond Register on the 15th day of the month preceding the interest payment date and principal of this bond shall be payable upon presentation and surrender of this bond by the Registered Owner at the principal office of the fiscal agency of the State of Washington in either Seattle, Washington, or New York,New York(collectively the "Bond Registrar"); provided, however,that if so requested in writing by the Registered Owner of -14- scot e.00c