Ordinance 979-83 - Laserfiche WebLink

• • • as the transferred Bond but may have a different inventory reference number or control number . Such exchange or transfer shall be without cost to the owner or transferee . Both principal of and interest on the Bonds shall be pay- able solely out of the Local Improvement District Fund No . 702 (the "Bond Fund" ) and from the Local Improvement Guaranty Fund of the City, and shall be payable in lawful money of the United States of America . Interest on the Bonds shall be paid by check or draft mailed to the registered owners or nominees at the addresses appearing on the Bond Register on the 15th day of the month preceding the interest payment date . Principal of the Bonds shall be payable upon presentation and surrender of the Bonds by the registered owners at the principal offices of either of the fiscal agencies of the State of Washington in Seattle, Washington, and New York, New York, at the option of such owners . Bonds numbered 1 through 168 , inclusive, shall be issued without the right or option of the City to redeem the same prior to their respective maturity dates . The City reserves the right to redeem Bonds numbered 169 through 291, inclusive, on November 1, 1984 , or on any interest payment date thereafter, in numeri- cal order, lowest numbers first, at par plus accrued interest, whenever there shall be sufficient money in the Bond Fund to pay the Bonds so called and all earlier numbered Bonds over and above the amount required for the payment of the interest on all unpaid Bonds , by mailing, not less than 15 nor more than 30 days prior to the date fixed for redemption, notice of such redemp- tion by first class mail, postage prepaid, to the registered owner of any Bond to be redeemed at the address appearing on the Bond Register . The requirements of this section shall be deemed to be complied with when notice is mailed as herein provided - 3 -