Ordinance 2607-02 - Laserfiche WebLink

Section 13. Form of Bonds. The Bonds shall be in substantially the following form: UNITED STATES OF AMERICA NO. $ 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. STATE OF WASHINGTON CITY OF EVERETT WATER AND SEWER REVENUE REFUNDING BOND, 2002 Interest Rate: Maturity Date: CUSIP No. Registered Owner: CEDE & Co. Principal Amount: AND NO/DOLLARS THE CITY OF EVERETT, a municipal corporation organized and existing under and by virtue of the laws of the State of Washington (the "City"), promises to pay to the Registered Owner identified above, or registered assigns, on the Maturity Date identified above, solely from the special fund of the City known as the "1985 City of Everett Water and Sewer Revenue Bond Fund" (the "Bond Fund") the Principal Amount indicated above and to pay interest thereon from the Bond Fund from June 1, 2002, or the most recent date to which interest has been paid or duly provided for or until payment of this bond at the Interest Rate set forth above, payable on January 1, 2003, and semiannually thereafter on the first days of each July and January. Both principal of and interest on this bond are payable in lawful money of the United States of America. Interest shall be paid as provided in the Blanket Issuer Letter of Representations (the "Letter of Representations") by the City to The Depository Trust Company ("DTC"). Principal shall be paid as provided in the Letter of Representations to the Registered Owner or assigns upon presentation and surrender of this bond at the principal office of the fiscal agency of the State of Washington in either Seattle, Washington, or New York, New York (collectively the "Registrar"). Capitalized terms used in this bond which are not specifically defined have the meanings given such terms in Ordinance No. of the City (the "Bond Ordinance"). This bond is one of an issue of$5,260,000 of bonds of the City of like date, tenor and effect, except as to number, amount, rate of interest and date of maturity and is issued pursuant to the Bond Ordinance to refund certain outstanding water and sewer revenue bonds of the City. -37-- P\CNN\CMW5BE 02/05/21