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Ordinance 1505-88
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Ordinance 1505-88
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12/28/2017 10:21:04 AM
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Ordinances
Ordinance Number
1505-88
Date
7/20/1988
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EXHIBIT A <br /> NOTICE OF BOND SALE <br /> CITY OF EVERETT, WASHINGTON <br /> LIMITED TAX LEVY GENERAL OBLIGATION BONDS, 1988 <br /> NOTICE IS HEREBY GIVEN that the City of Everett, Washington, <br /> will receive sealed bids at the office of the Finance Director of <br /> the City at the City Hall, 3002 Wetmore, Everett, Washington 98201 <br /> on <br /> Wednesday, July 20, 1988 <br /> until 11 o' clock a.m. , local time, for the purchase of the Limited <br /> Tax Levy General Obligation Bonds, 1988, of the City in the <br /> aggregate principal amount of $8,250, 000 (the "Bonds" ) . The bids <br /> for the Bonds will be publicly opened, read and evaluated at such <br /> time, and shall be acted upon by the City Council at a regular <br /> meeting thereof at 7 o' clock p.m. on the same date in the Chambers <br /> of the City Council in Everett, Washington. <br /> BOND DETAILS. The Bonds will be dated as of July 1, 1988, <br /> will be in denominations of $5, 000 or any integral multiple <br /> thereof, will be in fully registered form, will be numbered, and <br /> will mature on July 1 of such years and in such principal amounts <br /> as follows: <br /> Maturity Principal Maturity Principal <br /> Year Amount Year Amount <br /> 1989 $340, 000 1997 $ 560,000 <br /> 1990 360, 000 1998 595, 000 <br /> 1991 380, 000 1999 640, 000 <br /> 1992 405, 000 2000 685, 000 <br /> 1993 430, 000 2001 735,000 <br /> 1994 460, 000 2002 795,000 <br /> 1995 490, 000 2003 855, 000 <br /> 1996 520, 000 <br /> The Bonds will bear interest from the date thereof payable on <br /> July 1, 1989, and semiannually thereafter on January 1 and July 1 <br /> of each year. <br /> PAYING AGENTS. Both principal of and interest on the Bonds <br /> will be payable in lawful money of the United States of America. <br /> Interest on the Bonds shall be paid by check or draft mailed (on <br /> the date such interest is due) to the registered owners or nomi- <br /> nees of such owners at the addresses appearing on the Bond Regis- <br /> ter (as hereinafter defined) as of the 15th day of the month <br /> preceding the interest payment date. Principal of the Bonds shall <br /> be payable upon presentation and surrender of the Bonds by the <br /> registered owners or nominees of such owners at the principal <br /> offices of either of the fiscal agencies of the State of <br /> Washington in the cities of Seattle, Washington, or New York, New <br /> York, at the option of such owners. <br /> A-1 KR257 88/07/06 <br />
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