Ordinance 2134-96 - Laserfiche WebLink

• • • CERTIFICATE OF AUTHENTICATION Date of Authentication: This bond is one of the bonds described in the within mentioned Bond Ordinance and is one of the Limited Tax General Obligation Bonds, 1996, of the City of Everett, Washington, dated as of March 15, 1996. WASHINGTON STATE FISCAL AGENCY, as Bond Registrar By Authorized Signatory ADDITIONAL PROVISIONS This bond is one of a series of bonds of like date and tenor, except as to number, amount, rate of interest and date of maturity, in the aggregate principal amount of$1,525,000 and is issued to pay a portion of the costs of certain capital projects. The bonds of this issue are issued under and in accordance with the provisions of the Constitution and applicable statutes of the State of Washington and applicable ordinances duly adopted by the City. The bonds of this issue have been designated as "qualified tax-exempt obligations" for purposes of Section 265(b) of the Internal Revenue Code of 1986, as amended. The City hereby irrevocably covenants and agrees with the owner of this bond that it will include in its annual budget and levy taxes annually, in an amount permitted to cities without a vote, upon all the taxable property in the City, in amounts sufficient, together with all other money legally available therefor, to pay the principal of and interest on this bond as the same shall become due. The full faith, credit and resources of the City are hereby irrevocably pledged for the annual levy and collection of such taxes and the prompt payment of such principal and interest. The pledge of tax levies for repayment of principal of and interest on the bonds of this issue under the Bond Ordinance may be discharged prior to the maturity or redemption of the bonds of this issue by making provision for the payment thereof on the terms and conditions set forth in the Bond Ordinance. The bonds of this issue are not subject to optional redemption prior to their stated maturity dates. -7- DOTOF7.DOC 96/03/12