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• <br /> UNITED STATES OF AMERICA <br /> No. $5, 000 <br /> STATE OF WASHINGTON <br /> CITY OF EVERETT <br /> WATER AND SEWER REVENUE BOND, 1982 <br /> The City of Everett, a municipal corporation <br /> organized and existing under and by virtue of the laws <br /> of the State of Washington (herein called the "City" ) , <br /> hereby acknowledges itself indebted and for value <br /> received promises to pay to bearer, solely from the <br /> sources herein referred to, the principal sum of <br /> FIVE THOUSAND DOLLARS <br /> on the first day of July, 19 , unless redeemed prior <br /> thereto as herein provided, with interest thereon from <br /> the date hereof at the rate of % per annum until <br /> such principal sum is paid or payment has been duly <br /> provided for, payable January 1, 1983, and semiannually <br /> thereafter on the first days of July and January. <br /> Payment of the interest due on or before the maturity <br /> of this bond shall be made only upon presentation and <br /> surrender of the coupons representing such interest as <br /> the same respectively become due. <br /> Both principal of and interest on this bond are <br /> payable in lawful money of the United States of America, <br /> at the office of the Treasurer of the City in Everett, <br /> Washington, or, at the option of the holder, at either <br /> of the fiscal agencies of the State of Washington in <br /> the cities of Seattle, Washington, and New York, New <br /> York. <br /> The City has reserved the right to redeem the <br /> outstanding' bonds maturing on or after July 1, 1993, in <br /> whole, or in part in inverse numerical order, at the <br /> following times and at the following prices, expressed <br /> as a percentage of par, plus accrued interest to the <br /> date of redemption: <br /> Redemption Date Redemption Rate <br /> July 1, 1992 and January 1, 1993 102 . 50% <br /> July 1, 1993 and January 1, 1994 102 . 00% <br /> July 1, 1994 and January 1, 1995 101 . 50% <br /> July 1, 1995 and January 1, 1996 101 . 00% <br /> July 1, 1996 and January 1, 1997 100. 50% <br /> July 1, 1997 and thereafter 100. 00% <br /> Bonds numbered 1512 to 3200 inclusive, unless <br /> previously redeemed pursuant to the foregoing paragraph, <br /> shall be redeemed in part by lot, on July 1, 2002, and <br /> each July 1 thereafter in accordance with the following <br /> schedule: <br /> -27- <br />