Ordinance 2134-96 - Laserfiche WebLink

• Bonds, maintaining the Bond Register, effecting the transfer of ownership of the Bonds and paying interest on and principal of the Bonds. "Bonds" or "Bond" means all or a portion of the City of Everett, Washington, Limited Tax General Obligation Bonds, 1996, issued pursuant to this ordinance. "City Clerk" means the duly qualified, appointed and acting City Clerk of the City or any other officer who succeeds to the duties now delegated to that office. "Code" means the federal Internal Revenue Code of 1986, as amended. Any reference to a provision of the Code shall include the applicable regulations of the Department of the Treasury promulgated or proposed with respect to such provision. "Council" means the City Council of the City, the general legislative body of the City, as the same shall be duly and regularly constituted from time to time. "Finance Director" means the duly qualified, appointed and acting Finance Director of the City or any other officer who succeeds to the duties now delegated to that office. "Project" means the acquisition and equipping of four fire trucks for City use. "Registered Owner" means the person in whose name a Bond is registered on the Bond Register. "City" means the City of Everett, a municipal corporation duly organized and existing under the laws of the State of Washington. "Underwriter" means Bank of America NW, N.A., 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 Project and paying the costs of the issuance of the Bonds, the City shall issue the "City of Everett, Washington, Limited Tax General Obligation Bonds, 1996," in the aggregate principal amount of $1,525,000 (the "Bonds"). The Bonds shall be dated March 15, 1996, 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 -2- DOTOF7.DOC 96/03/12