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descriptive information needed to identify accurately the <br /> Bonds being redeemed. <br /> (2) Each further notice of redemption shall be <br /> sent at least 35 days before the redemption date by <br /> registered or certified mail or overnight delivery service <br /> to all registered securities depositories then in the <br /> business of holding substantial amounts of obligations of <br /> types comprising the Bonds (such depositories now being <br /> Depository Trust Company of New York, New York, Midwest <br /> Securities Trust Company of Chicago, Illinois, and <br /> Philadelphia Depository Trust Company of Philadelphia, <br /> Pennsylvania) . <br /> (3) Upon the payment of the redemption price of <br /> Bonds being redeemed, each check or other transfer of funds <br /> issued for such purpose shall bear the CUSIP number <br /> identifying, by issue and maturity, the Bonds being redeemed <br /> with the proceeds of such check or other transfer. <br /> SECTION 7 . Creation of Bond Fund and Provision for Tax <br /> Levy Payments . There is hereby created a special fund of the <br /> City to be known as the "City of Everett Limited Tax Levy General <br /> Obligation Bond Redemption Fund, 1993", (the "Bond Fund") . The <br /> Bond Fund shall be drawn upon for the sole purpose of paying the <br /> principal of and interest on the Bonds . <br /> The City hereby irrevocably covenants and agrees for as long <br /> as any of the Bonds are outstanding and unpaid, that each year it <br /> will include in its budget and levy an ad valorem tax upon all <br /> -13- FWWOOH.DOC 93/01/08 <br />