Ordinance 1916 - Laserfiche WebLink

W Bonds numbered 1 - 40 Inc. shall mature July 1 , 1926 II It 41 - 8o I► " I, 11 " 1927 1 11 11 81 -120 " H " II II 192 II " 121 -160 II It " II II 1929 2 It II 161 -200 If II It II " 1930 fi It 201 -230 " ft n If a 1931 3 11 " 2 1 2 0 " " It n " 1932 1 II II 261 -290 ►I II It 11 If 1933 4 ff 1I 291 -320 I► It It II ►► 1934 is r+ 321 -350 " II II II 11 1935 I► II 5 351 -400 " II II II I) 1/36 " It 401 4"0 I► It II I H 6 ►I II 451 -5000 it II II II " 1938 93 .. II 0501 -550 If II II II " 1939 I 7 11 If 551 -600 " II It II " �940 8 Such bonds shall bear interest at a rate not exceeding re Ste- C� -) 9 -�t per cent f5N per annul, payable semi-annually on the 10 first day of January and July respectively, for which interest 11 coupons shall be attached to and be a part of such bonds, both 12 principal and interest of such bonds to be payable in gold coin of 13 the United States of the present standard of weight and fineness at 14 the place therein designated. Said bonds shall be an obligation 15 only against the Special Fund created and established in Section 5 16 of this Ordinance, provided however, that the City of Everett 17 reserves the right to pay and retire any or all of said bonds at any 18 interest-paying date after the year 1935. 19 20 Section 5 : There shall be and is hereby created and establish- 21 ed a special fund to be called "Municipal Market Revenue Bond fund". 22 The City of Everett does hereby irrevocably pledge and bind itself 23 to pay into such fund, out of the gross revenues of such Public 24 Market, as specified in Section 3 of this Ordinance, to-e.ai-c -_ylpleet,- 25 after paying the expenses of operation and maintenance of said Market, one calendar month before each semi-annual installment of 26 27 interest falls due, a sum equal to such semi-annuanstallment of 28 interest upon all such bonds outstanding and unpaid, and annually 29 on or before the let day of July, beginning July 1 , 1926 and to and 30 including July 1 , 1930 , the additional sum of $4000.00 for the pay- 31 ment of the principal of such bonds, and annually on or before the -4-