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receipt of revenues. Capitalized terms used in this Bond and not otherwise defined shall have the <br /> meanings given them in the Bond Ordinance. <br /> The City may prepay all or a portion of the Outstanding Principal Balance at any time <br /> without penalty. <br /> The City has designated this Bond as a qualified tax-exempt obligations under <br /> Section 265(b) of the Internal Revenue Code of 1986, as amended. <br /> The City has irrevocably covenanted with the owner of this Bond that it will annually <br /> include in its budget and levy taxes, within and as a part of the tax levy permitted to cities <br /> without a vote of the electorate, upon all property subject to taxation, in an amount sufficient, <br /> together with all other money legally available for such purpose, to pay the principal of and <br /> interest on this Bond as the same shall become due. The full faith, credit and resources of the <br /> City are hereby irrevocably pledged for the annual levy and collection of such taxes and the <br /> prompt payment of such principal and interest. <br /> This Bond shall not be valid or become obligatory for any purpose or be entitled to any <br /> security or benefit under the Bond Ordinance until the Certificate of Authentication has been <br /> manually signed by the Bond Registrar. <br /> THIS BOND IS NOT TRANSFERABLE. <br /> It is hereby certified that all acts, conditions and things required by the Constitution and <br /> statutes of the State of Washington and the Charter and ordinances of the City to exist, to have <br /> happened, been done and performed precedent to and in the issuance of this Bond have <br /> happened, been done and performed and that the issuance of this Bond does not violate any <br /> constitutional, statutory or other limitation upon the amount of bonded indebtedness that the City <br /> may incur. <br /> The City has caused this Bond to be executed by the manual or facsimile signature of the <br /> Mayor and to be attested by the manual or facsimile signature of the City Clerk, and has caused <br /> the seal of the City to be impressed or imprinted on this Bond, as of this day of <br /> , 1999. <br /> CITY OF EVERETT, WASHINGTON <br /> By /s/ <br /> Mayor <br /> [SEAL] <br /> ATTEST: <br /> /s/ <br /> -7-- P:\DOT\DOTOYN 99/11/08 <br />