Ordinance 1504-88 - Laserfiche WebLink

• The Certificate of Authentication for the Bonds shall be in substantially the following form and shall appear on the front of each Bond: CERTIFICATE OF AUTHENTICATION Date of Authentication: This bond is one of the bonds described in the within- referenced Bond Ordinance of the City of Everett, Washington, and is one of the Unlimited Tax Levy General Obligation Bonds, 1988, dated July 1, 1988, of such City. WASHINGTON STATE FISCAL AGENCY As Bond Registrar By Authorized Officer (Form of Registered Bond - Reverse) ADDITIONAL BOND PROVISIONS This bond is one of an issue of unlimited tax levy general obligation bonds of the City of like date and tenor, except as to number, interest rate and date of maturity, in the aggregate principal amount of $6, 600, 000 issued pursuant to Ordinance No. of the City, passed July _, 1988 (the "Bond Ordinance" ) , to provide part of the funds necessary to acquire, construct, expand and equip senior citizen housing facilities. The outstanding bonds maturing on and after July 1, 1999, are subject to redemption prior to their maturity in whole or in part, in inverse order of maturity and by lot within a maturity in such manner as the Bond Registrar shall determine, on any interest payment date on or after July 1, 1998, at a price of par plus accrued interest to the date of redemption. Portions of the principal amount of any bond, in installments of $5, 000 or any integral multiple of $5, 000, may be redeemed in accordance with the foregoing paragraph. If less than all of the principal amount of any bond is redeemed, upon surrender of such bond at the principal office of the Bond Registrar, there shall be issued to the registered owner without charge therefor for the then unredeemed balance of the principal amount thereof, a new bond or bonds, at the option of the registered owner, of like maturity and interest rate in any of the denominations authorized by the Bond Ordinance. Notice of redemption, unless waived, is given by the Bond Registrar by mailing an official redemption notice by registered or certified mail at least 30 days and not more than 60 days prior to the date fixed for redemption, to the registered owner of any bond to be redeemed at the address appearing on the Bond Register. The requirements for such notice shall be deemed to be complied with when notice is mailed as herein provided, regardless of whether or not it is actually received by the owner of any bond. The interest on any bonds so called for redemption shall cease to accrue on the date fixed for redemption unless such bond or bonds -17- KR258 88/07/06