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• <br /> Section 18. Form of 1988 Bonds. The 1988 Bonds shall be in <br /> substantially the following form: <br /> UNITED STATES OF AMERICA <br /> No. $ <br /> STATE OF WASHINGTON <br /> CITY OF EVERETT <br /> WATER AND SEWER REVENUE AND REFUNDING BOND, 1988 <br /> INTEREST RATE: MATURITY DATE: CUSIP NO. : <br /> SEE REVERSE SIDE FOR <br /> CERTAIN DEFINITIONS <br /> Registered Owner: <br /> Principal Amount: DOLLARS <br /> The City of Everett, Washington, a municipal corporation <br /> organized and existing under and by virtue of the laws of the <br /> State of Washington (herein called the "City" ) hereby acknowledges <br /> itself to owe and for value received promises to pay, but only <br /> from the sources and as hereinafter provided, to the Registered <br /> Owner identified above, or registered assigns, on the Maturity <br /> Date identified above, the Principal Amount indicated above and to <br /> pay interest thereon from February 1, 1988, or the most recent <br /> date to which interest has been paid or duly provided for, at the <br /> Interest Rate set forth above, payable July 1, 1988, and semi- <br /> annually thereafter on the first days of each July and January <br /> until such principal sum is paid or payment has been duly provided <br /> for. <br /> Both principal of and interest on this bond are payable in <br /> lawful money of the United States of America. Interest shall be <br /> paid by mailing a check or draft to the registered owner or <br /> assigns at the address shown] on the Bond Register as of the 15th <br /> day of the month prior to the interest payment date. Principal <br /> shall be paid to the registered owner or assigns upon presentation <br /> and surrender of this bond at the principal office of either of <br /> the fiscal agencies of the State of Washington in the cities of <br /> Seattle, Washington, and New York, New York (collectively the <br /> "Bond Registrar" ) . <br /> Reference is hereby made to additional provisions of this <br /> bond set forth on the reverse side hereof, and such additional <br /> provisions shall for all purposes have the same effect as if set <br /> forth in this space . <br /> This bond shall not be valid or become obligatory for any <br /> purpose or be entitled to any security or benefit under the Bond <br /> Ordinance ( as hereinafter defined) until the Certificate of <br /> Authentication hereon shall have been manually signed by the Bond <br /> Registrar. <br /> -53- KR180 88/01/11 <br />