Ordinance 2134-96 - Laserfiche WebLink

• exchange for such surrendered and cancelled Bond. Any Bond may be surrendered to the Bond Registrar and exchanged, without charge, for an equal aggregate principal amount of Bonds of the same date, maturity and interest rate, in any authorized denomination. The Bond Registrar shall not be obligated to transfer or exchange any Bond during the period beginning at the opening of business on the 15th day of the month preceding any interest payment date and ending at the close of business on such interest payment date. Section 4. Redemption and Purchase of Bonds. A. No Optional Redemption. The Bonds are not subject to optional redemption prior to their stated maturity dates. B. Open Market Purchase. The City reserves the right to purchase any or all, of the Bonds on the open market at any time at any price. Section 5. Form of Bonds. The Bonds shall be in substantially the following form: UNITED STATES OF AMERICA NO. $ STATE OF WASHINGTON CITY OF EVERETT LIMITED TAX GENERAL OBLIGATION BOND, 1996 INTEREST RATE: CUSIP NO.: MATURITY DATE: REGISTERED OWNER: PRINCIPAL AMOUNT: Dollars THE CITY OF EVERETT, WASHINGTON, a municipal corporation of the State of Washington (the "City"), hereby acknowledges itself to owe and for value received promises to pay to the Registered Owner identified above, or registered assigns, on the Maturity Date specified above the Principal Amount specified above and to pay interest thereon (computed on the basis of a 360-day year of twelve 30-day months) from March 15, 1996, or the most recent -5- DOTOF7.DOC 96/03/12