Laserfiche WebLink
The bonds of this issue are [not] subject to redemption prior to their scheduled maturities, <br /> [under the following terms]. <br /> The City hereby irrevocably covenants and agrees with the owner of this bond that it will <br /> include in its annual budget and levy taxes annually, within and as a part of the tax levy <br /> permitted to the City without a vote of the electorate, upon all the property subject to taxation in <br /> amounts sufficient, together with other money legally available therefor, to pay the principal of <br /> and 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 /> The bonds of this issue are not "qualified tax-exempt obligations" for investment by <br /> financial institutions under Section 265(b) of the Code. <br /> The pledge of tax levies for payment of principal of and interest on the bonds may be <br /> discharged prior to maturity of the bonds by making provision for the payment thereof on the <br /> terms and conditions set forth in the Bond Ordinance. <br /> It is hereby certified that all acts, conditions and things required by the Constitution and <br /> statutes of the State of Washington to exist, to have happened, been done and performed <br /> precedent to and in the issuance of this bond have happened, been done and performed and that <br /> the issuance of this bond and the bonds of this issue does not violate any constitutional, statutory <br /> or other limitation upon the amount of bonded indebtedness that the City may incur. <br /> IN WITNESS WHEREOF, the City of Everett, Washington has caused this bond to be <br /> executed by the manual or facsimile signatures of the Mayor and City Clerk and the seal of the <br /> City imprinted, impressed or otherwise reproduced hereon as of this 1st day of January, 2003. <br /> CITY OF EVERETT, WASHINGTON <br /> By /s/manual or facsimile <br /> Mayor <br /> ATTEST: <br /> /s/manual or facsimile <br /> City Clerk <br /> [SEAL] <br /> The Bond Registrar's Certificate of Authentication on the Bonds shall be in substantially <br /> the following form: <br /> -20- P\CMW\CMW5IL 12/06/02 <br />