Laserfiche WebLink
Washington located in Seattle, Washington, and New York, New <br /> York) deems necessary for the purpose of identification. The <br /> Notes shall be dated August 15, 1987; shall mature August 1, <br /> 1989 ; and shall bear interest at the rate of 5.625 % per annum, <br /> (computed on the basis of a 360-day year of twelve 30-day <br /> months) payable on August 1, 1988, February 1, 1989 , and at <br /> maturity. The City Council declares and finds that the fixing <br /> of the above interest rate is in the best interests of the City. <br /> If any Note is not redeemed upon proper presentment at its <br /> maturity or call date, the City shall be obligated to pay <br /> interest at the same rate for each such Note from and after its <br /> maturity or call until such Note, both principal and interest , <br /> is paid in full or until sufficient money for such payment in <br /> full is on deposit in the Local Improvement Fund, District <br /> No . 726 (the "Note Fund" ) , and such Note has been called for <br /> payment . <br /> The Notes shall be issued only in registered form as to <br /> both principal and interest on books or records maintained by <br /> the Note Registrar (the "Note Register" ) . Such Note Register <br /> shall contain the name and mailing address of the owner of each <br /> Note and the principal amount and number of Notes held by each <br /> owner . <br /> Notes may be transferred only if endorsed in the manner <br /> provided thereon and surrendered to the Note Registrar . The <br /> transfer of a Note shall be by the Note Registrar ' s receiving <br /> the Note to be transferred, cancelling it and issuing a new <br /> - 3 - <br />