Ordinance 831-81 - Laserfiche WebLink

• UNITED STATES OF AMERICA No. $5, 000 STATE OF WASHINGTON CITY OF EVERETT WATER AND SEWER REVENUE INTERIM FINANCING BOND, 1982 The City of Everett, a municipal corporation organized and existing under and by virtue of the laws of the State of Washing- ton (herein called the "City" ) , for value received promises to pay to bearer, or, if this bond be registered, to the registered owner hereof, solely from the sources herein referred to, the principal sum of FIVE THOUSAND DOLLARS on the first day of July, 1984, unless redeemed prior thereto as herein provided, and to pay interest thereon from the sources herein referred to from the date hereof at the rate of 10. 50% per annum, until such principal sum is paid or payment has been duly provided for, payable January 1, 1983, and semiannually thereafter on the first days of each July and January until date of maturity. Payment of the interest 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, or if this bond shall be registered as to both principal and inter- est, to the registered holder. 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, and New York, New York. The City has reserved the right to redeem the outstanding bonds in whole, or in part by lot, at the following times and at the following prices, expressed as a percentage of par, plus accrued interest to the date of redemption: Redemption Date Redemption Rate July 1, 1983 100. 50% January 1, 1984 102 . 00% Interest on any bonds so called for redemption shall cease on such redemption date unless the same shall not be redeemed upon presentation made pursuant to such call . Notice of any such redemption shall be given by one publica- tion thereof in the official City newspaper not more than forty nor less than thirty 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 redemption shall also be mailed to Moody' s Investors Service, Inc . , and to Stan- dard & Poor' s Corporation at their main offices in New York, New York, or to the business successors of such firms, if any, at their main offices. -19- BD339 81/12/22