Ordinance 1818-91 - Laserfiche WebLink

payment of the principal of, prepayment price and interest on said Lease Payments represented by the Certificates. Section 9. 02 . Transfer of Title to Improvements. Upon the payment in full of all principal components of the Lease Payments and interest thereon, or provision therefor, and upon request of the City, the Trustee is authorized and directed to deliver and transfer to the City all documents evidencing title to the Improvements and release of the Trust Estate. ARTICLE X FORM OF CERTIFICATES Section 10. 01. Form of Certificates. The Certificates shall be in substantially the following form: No. R- $ UNITED STATES OF AMERICA STATE OF WASHINGTON CERTIFICATE OF PARTICIPATION IN LIMITED GENERAL OBLIGATION PAYMENTS (LEASE AGREEMENTS (WITH OPTIONS TO PURCHASE) ) OF THE CITY OF EVERETT, WASHINGTON Registered Owner: Interest Rate: Maturity Date of Lease Payments: Principal Sum of Lease Payments: CUSIP: Date of Original Issue: This is to certify that the Registered Owner named above is the Registered Owner of the following interest in the right to receive a portion of certain Lease Payments (the "Lease Payments") to be paid under the Lease (the "Lease") dated entered into by and between (the "Lessor") and the City of Everett, Washington (the "City") , as lessee of certain real property, together with improvements thereon (the "Improvements") under the Lease. The Lessor's interests in the Ground Lease, the Lease and the Improvements (subject to the terms of the Lease and Ground Lease) have been assigned to Security Pacific Bank Washington, N.A. (the "Trustee") , by an Assignment dated (the "Assignment") , to hold pursuant to the terms of a trust agreement between and the Trustee dated (the "Trust Agreement") for the benefit of the owners of certificates of participation evidencing undivided -26- D0T437 91/09/24