Ordinance 2451 - Laserfiche WebLink

r Mi THE CITY COUNCIL OF THE CITY OF EVERETT D0ES ORDAIN: Section 1: That the Mayor and City Clerk of the City of Everett be and they are hereby authorized and directed to issue General Negotiable Serial Coupon Bonds in the sum of eight hunw dyed thousand dollars ( 800,000.00), bearing interest at the rate of four and one-half (42) per cent, per annum, interest payable annually, and evidenced by interest coupons; said bonds to be of the denomination of one thousand dollars ( 1000.00) each, and to be numbered consecutively from one to eight hundred, both numbers inclusive, and to be dated November 1, 1929, the said bonds to be payable out of Everett Water System General Obliga- tion Bond Fund No. 2;. the said interest on said bonds to be pay- able out of Everett Water System General Obligation Bond Inter- est Fund No. 2; the said bonds shall be payable as follows, to-wit: Bonds No. 1 to /// Inc., ehaiimature two (2) years from date of issue. Bonds No. /.j to f\ Inc., shad mature three (3 ) years from date of issue. Bonds No. tom Inc. , shall mature four (4) years from date of issue.Bonds No. ,3 to ,,/ 9t Inc. , shall mature five (5) years from date of issue. Bonds No. .59 to Inc. , shall mature six (6 ) years from date of issue. Bonds N .77.- — to ��, Inc. , shall mature seven (7) years from date of issue. Bonds No. % to J / O Inc. , shall mature eight (8) years from date of issue. Bonds No. //// to Inc. , shall mature nine (9) years from date of issue, Bonds No. to DSO Inc. , shall mature ten (10) years from dateof issue.