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ORDINANCE NO. �J-LZ. <br /> AN ORDINANCE of the City Council of the City of <br /> Everett, Washington, providing for the issuance <br /> and sale of limited tax levy general obligation <br /> bonds of the City in the principal amount of <br /> $490 ,000 , for the purpose of providing funds to <br /> pay the cost of designing, acquiring, constructing <br /> and equipping Fire Station No. 6 , as set forth in <br /> Ordinance No. 836-82 of the City. <br /> WHEREAS, it is necessary and advisable that the City of Everett, <br /> Washington (the "City" ) , design, acquire, construct and equip Fire <br /> Station No. 6 within the City, as set forth in Ordinance No. 836-82; <br /> and <br /> WHEREAS, in order to provide part of the money for such purpose <br /> it is deemed necessary and advisable that the City now issue and sell <br /> its limited tax levy general obligation bonds in the principal amount <br /> of $490 , 000 . <br /> NOW, THEREFORE, the City of Everett, does ordain: <br /> Section 1 . Findings. It is hereby found and declared that the <br /> public interest , welfare and benefit require the City to design, <br /> acquire, construct and equip Fire Station No. 6 , as set forth in <br /> Ordinance No. 836-82 of the City (the "Project" ) . <br /> Section 2 . Bond Terms. For the purpose of providing the money <br /> necessary to pay part of the cost of the Project, the City shall issue <br /> and sell its limited tax levy general obligation bonds in the <br /> principal amount of $490 ,000 (the "Bonds" ) . <br /> The Bonds shall be dated June 1 , 1982 , shall be in the <br /> denomination of $5 ,000 each, shall bear interest at a rate of not to <br /> exceed 15% per annum, payable June 1 , 1983 , and semiannually <br /> thereafter on the first days of each June and December, and shall be <br /> numbered and mature on June 1 of each of the following years in the <br /> following amounts: <br />