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Section 15. Form of Bonds. The Bonds shall be in substantially the following form: <br /> UNITED STATES OF AMERICA <br /> No. $ <br /> STATE OF WASHINGTON <br /> CITY OF EVERETT <br /> WATER AND SEWER REVENUE BOND, SERIES 1997 <br /> INTEREST RATE: MATURITY DATE: CUSIP NO.: <br /> SEE REVERSE SIDE FOR <br /> CERTAIN DEFINITIONS <br /> Registered Owner: <br /> Principal Amount: DOLLARS <br /> The City of Everett, Washington, a municipal corporation organized and existing under <br /> and by virtue of the laws of the State of Washington (herein called the "City") hereby <br /> acknowledges itself to owe and for value received promises to pay, but only from the sources and <br /> as hereinafter provided, to the Registered Owner identified above, or registered assigns, on the <br /> Maturity Date identified above, the Principal Amount indicated above and to pay interest thereon <br /> from March 1, 1997, or the most recent date to which interest has been paid or duly provided for, <br /> at the Interest Rate set forth above, payable July 1, 1997, and semiannually thereafter on the first <br /> days of each January and July until such principal sum is paid or payment has been duly provided <br /> for. <br /> Both principal of and interest on this bond are payable in lawful money of the United <br /> States of America. Interest shall be paid by mailing a check or draft to the registered owner or <br /> assigns at the address shown on the Bond Register as of the 15th day of the month prior to the <br /> interest payment date. Principal shall be paid to the registered owner or assigns upon presentation <br /> and surrender of this bond at the principal office of either of the fiscal agencies of the State of <br /> Washington in the cities of Seattle, Washington, and New York, New York (collectively the <br /> "Bond Registrar"). <br /> Reference is hereby made to additional provisions of this bond set forth on the reverse side <br /> hereof, and such additional provisions shall for all purposes have the same effect as if set forth in <br /> this space. <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 (as hereinafter defined) until the Certificate of <br /> Authentication hereon shall have been manually signed by the Bond Registrar. <br /> -32- FWWOBU.DOC 97/03/04 <br />