Ordinance 946-83 - Laserfiche WebLink

on the first day of July, unless redeemed prior thereto as herein provided, with interest thereon from the date hereof at the rate of % per annum until such principal sum is paid or payment has been duly provided for, payable July 1, 1984, and semiannually thereafter on the first days of each January and July. Payment of the inter- est due on or before the maturity of this bond shall be made only upon presentation and surrender of the coupons representing such interest as the same respectively become due. Both principal of and interest on this bond are payable in lawful money of the United States of America, at the office of the Treasurer of the City in Everett, Washington, or, at the option of the holder, at either of the fiscal agencies of the State of Washington in the cities of Seattle, Washington, or New York, New York. The City has reserved the right to redeem the outstanding bonds maturing on or after July 1, 1994, in whole, or in part in inverse numerical order, on July 1, 1993, or on any interest payment date thereafter, at par plus accrued interest to the date of redemption. Interest on any bonds so called for redemption shall cease on such redemption date unless the same shall not be paid in full upon presentation made pursuant to such call . Notice of any such intended redemption shall be given by one publication thereof in the official newspaper of the City not more than forty (40) nor less than thirty (30) days prior to said redemption date, and by mailing a like notice at the same time to Seattle- Northwest Securities Corporation, or the successor in business thereof, at its main office. In addition, such notice of redemp- tion shall also be mailed to Moody' s Investors Service, Inc . and to Standard & Poor' s Corpor- ation at their main offices in New York, New York, or to the successors in business of such firms, if any, at their main offices, but none of such mailings shall be a condition prece- dent to the call of the Bonds for redemption. This bond is one of an issue of two thousand eight-hundred thirty-one (2 , 831) bonds of the City of like date and tenor except as to amount, number, rate of interest, and date of maturity in the aggregate princi- pal amount of $15, 655, 000. This issue of bonds is authorized by Ordinance No . of the City (herein called the "Bond Ordinance" ) for the purpose of providing money to pay part of the cost of acquiring, constructing and -3- WMD25 83/05/17