Ordinance 2237-97 - Laserfiche WebLink

"Rule" means the Commission's Rule 15c2-12 under the Securities and Exchange Act of 1934, as the same may be amended from time to time. "SID" means a state information depository for the State of Washington is hereafter created. "Solid Waste Project" means improvements to and completion of closure of the City's former landfill, including testing and monitoring facilities to comply with United States Environmental Protection Agency Enforcement Order DE 94TC-N258. "Underwriter" means Bank of America National Trust and Savings Association, doing business as Seafirst Bank, Seattle, Washington. Section 2. Purpose, Authorization and Description of Bonds. For the purposes of paying a portion of the costs of the Projects and paying the costs of the issuance of the Bonds, the City shall issue the "City of Everett, Washington, Limited Tax General Obligation Bonds, 1997," in the aggregate principal amount of $9,900,000 (the "Bonds"). The Bonds shall be dated September 1, 1997, shall be fully registered as to both principal and interest, shall be in the denomination of $5,000 each or any integral multiple thereof, provided that no Bond shall represent more than one maturity, and shall be numbered separately in such manner and with any additional designation as the Bond Registrar deems necessary for purposes of identification. The Bonds shall bear interest (computed on the basis of a 360-day year of twelve 30-day months) from their date or from the most recent interest payment date to which interest has been paid or duly provided for, whichever is later, payable on March 1, 1998 and semiannually thereafter on each succeeding March 1 and September 1, to the maturity or earlier redemption of the Bonds, at the rates set forth below, and shall mature on September 1 in the years and in the amounts set forth below. -3- DOTOM6.DOC 97/08/20