Ordinance 2870-05 - Laserfiche WebLink

Interest Rate: Registered Owner: Principal Amount: STATE OF WASHINGTON CITY OF EVERETT WATER AND SEWER REVENUE BOND, 2005 CEDE & Co. Maturity Date: CUSIP No. AND NO/DOLLARS THE CITY OF EVERETT, a municipal corporation organized and existing under and by virtue of the laws of the State of Washington (the "City"), promises to pay to the Registered Owner identified above, or registered assigns, on the Maturity Date identified above, solely from the special fund of the City known as the "1985 City of Everett Water and Sewer Revenue Bond Fund" (the "Bond Fund") the Principal Amount indicated above and to pay interest thereon from the Bond Fund from , 2005, or the most recent date to which interest has been paid or duly provided for or until payment of this bond at the Interest Rate set forth above, payable on December 1, 2005, and semiannually thereafter on the first days of each June and December. Both principal of and interest on this bond are payable in lawful money of the United States of America. Interest shall be paid as provided in the Blanket Issuer Letter of Representations (the "Letter of Representations") by the City to The Depository Trust Company ("DTC"). The fiscal agency of the State of Washington has been appointed by the City as the authenticating agent, paying agent and registrar for the bonds of this issue (the "Registrar"). Capitalized terms used in this bond that are not specifically defined have the meanings given such terms in Ordinance No. of the City (the "Bond Ordinance"). Reference is made to the Bond Ordinance and any and all modifications and amendments thereto for a description of the nature and extent of the security for the bonds of this issue, the funds or revenues pledged, and the terms and conditions upon which such bonds are issued. This bond is one of an issue of $ of bonds of the City of like date, tenor and effect, except as to number, amount, rate of interest and date of maturity and is issued pursuant to the Bond Ordinance to finance capital improvements to the combined system of water supply and distribution and sewage collection, treatment and disposal of the City (the "System"). The bonds of this issue maturing prior to are not subject to redemption prior to their scheduled maturities. The bonds of this issue maturing on or after are subject to redemption at the option of the City on and after , in whole or in part on any date, with maturities to be selected by the City shall determine at a price of 100% of principal amount thereof, plus accrued interest to the date of redemption. -40- P:\CMW\CMW6WH 09/06/05