Ordinance 1987-94 - Laserfiche WebLink

Maturity Year (July 1) Principal Amount Interest Rate 1994 $110,000 3.000% 1995 110,000 3.000 1996 240,000 3.300 1997 245,000 3.600 1998 255,000 3.800 1999 575,000 4.000 2000 595,000 4.100 2001 620,000 4.250 2002 655,000 4.375 2003 440,000 4.500 2004 460,000 4.550 2005 480,000 4.650 2006 505,000 4.750 2007 535,000 4.850 2008 560,000 5.000 C. Place, Manner and Medium of Payment. The fiscal agencies of the State of Washington in the cities of Seattle, Washington, and New York, New York, shall act as registrar for the Bonds (collectively, the "Bond Registrar"). The Bond Registrar shall maintain the Bond Register. Both principal of and interest on the Bonds shall be payable in lawful money of the United States of America. Interest on the Bonds shall be paid by checks or drafts mailed on the date such interest is due to the registered owners of Bonds or the nominees of such owners at the addresses appearing on the Bond Register as of the 15th day of the calendar month preceding the interest payment date. Principal of the Bonds shall be payable upon presentation and surrender of the Bonds by the registered owners or the nominees of such owners at either principal office of the Registrar in Seattle, Washington, or New York, New York, at the option of such owners. SECTION 3. Redemption and Purchase of Bonds. A. Optional Redemption. The City reserves the right to redeem outstanding Bonds maturing on or after July 1, 2005, on or after July 1, 2004, in whole on any date, or in part on any interest payment date (maturities to be chosen by the City and by lot within each maturity in such -5- DOT08M.DOC 94/01/19