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Ordinance 902-82
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Ordinance 902-82
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5/31/2018 11:43:30 AM
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Ordinances
Ordinance Number
902-82
Date
11/17/1982
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have been paid in full or until sufficient money for such pay- <br /> ment in fullis on deposit in the "1982 Housing Bond Redemption <br /> Fund" ( the "Bond Fund" ) , heretofore created, and such Bond has <br /> been duly called for payment by the City Treasurer ' s publishing <br /> notice of such call once at least ten days prior to the call <br /> date in the official newspaper of the City, or if there is no <br /> official newspaper, then in a newspaper of general circulation <br /> in the City. Both principal of and interest on the Bonds are to <br /> be paid in lawful money of the United States of America, which <br /> at the time of payment shall be legal tender for the payment of <br /> public and private debts, at the office of the City Treasurer, <br /> or, at the option of the holder, at either fiscal agency of the <br /> State of Washington in Seattle, Washington, or New York, New <br /> York. The Bonds shall mature serially, annually, in order of <br /> their numbers in the following amounts on December 1 of each of <br /> the following years ( such maturity schedule being computed at an <br /> assumed interest rate of 10.2% per annum) : <br /> Bond Numbers Maturity <br /> (Inclusive) Amounts Years <br /> 1 to 8 $ 40, 000 1984 <br /> 9 to 17 45, 000 1985 <br /> 18 to 26 45, 000 1986 <br /> 27 to 36 50, 000 1987 <br /> 37 to 47 55, 000 1988 <br /> 48 to 59 60, 000 1989 <br /> 60 to 73 70, 000 1990 <br /> 74 to 88 75, 000 1991 <br /> 89 to 105 85, 000 1992 <br /> 106 to 123 90, 000 1993 <br /> 124 to 143 100, 000 1994 <br /> 144 to 165 110, 000 1995 <br /> 166 to 190 125, 000 1996 <br /> 191 to 217 135, 000 1997 <br /> 218 to 247 150, 000 1998 <br /> 248 to 280 165, 000 1999 <br /> 281 to 316 180, 000 2000 <br /> 317 to 356 200, 000 2001 <br /> 357 to 400 220, 000 2002 <br /> The City reserves the right to redeem any or all of the <br /> Bonds prior to their stated maturity dates as a whole, or in <br /> - 2 - <br />
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