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with the Bonds , and bond counsel ' s opinion shall so state . The <br /> City Council , deeming that it is in the best interest of the <br /> City that such offer be accepted, accepts the same. The Bonds , <br /> therefore, immediately upon their execution, shall be delivered <br /> to Harper, McLean & Company in Seattle, Washington, upon payment <br /> therefor in accordance with such offer . <br /> The proper City officials are authorized and directed to do <br /> everything necessary for the prompt delivery of the Bonds to the <br /> purchaser, including without limitation the execution of the <br /> Official Statement on behalf of the City, and for the proper <br /> application and use of the proceeds of the sale thereof . <br /> Section 15 . Pending the printing, execution and delivery <br /> to the purchaser of definitive Bonds , the City may cause to be <br /> executed and delivered to the purchaser a single temporary Bond <br /> in the total principal amount of the Bonds . The temporary Bond <br /> shall bear the same date of issuance, interest rates , principal <br /> payment dates and terms and covenants as the definitive Bonds , <br /> shall be issued as a fully registered Bond in the name of the <br /> purchaser , and otherwise shall be in a form acceptable to the <br /> purchaser . The temporary Bond shall be exchanged for definitive <br /> Bonds as soon as they are printed, executed and available for <br /> delivery. <br /> Section 16 . The interest rate on the installments and <br /> delinquent payments of the special assessments in Local <br /> - 12 - <br />