Ordinance 850.82 - Laserfiche WebLink

• Bond Nos. .Years Amounts 1-7 1984 $35 , 000 8-15 1985 40 , 000 16-23 1986 40 ,000 24-32 1987 45 , 000 33-42 1988 50 ,000 43-54 1989 60 , 000 55-67 1990 65 , 000 68-82 1991 75 , 000 83-98 1992 80 ,000 (Maturity schedule computed at an assumed rate of 11 . 6% per annum. ) Both principal of and interest on the Bonds shall be payable in lawful money of the United States of America at the office of the Treasurer of the City in the City Hall 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. Section 3. Redemption of Bonds. The City does not reserve the right to redeem the Bonds in advance of their scheduled maturities. Section 4 . Bond Form. The Bonds shall be in substantially the following form: UNITED STATES OF AMERICA NO. $5 ,000 STATE OF WASHINGTON CITY OF EVERETT LIMITED TAX LEVY GENERAL OBLIGATION BOND, SERIES 1981 • The City of Everett, Washington, a municipal corpora- tion of the State of Washington (the "City" ) , hereby acknowledges itself to owe and for value received promises to pay to bearer on the first day of June, the principal amount of FIVE THOUSAND DOLLARS together with interest thereon at the rate of % per annum payable on June 1 , 1983 , and semiannually thereafter on the first days of each June and December, as evidenced by and upon presentation and surrender of the attached interest coupons as they severally become due or until such principal sum shall have been paid or duly provided for. Both princi- pal 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 the City Hall 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. -2-