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• <br /> Bond Nos. Maturity Years Amount <br /> 1-28 1983 $ 140, 000 <br /> 29-59 1984 155, 000 <br /> 60-93 1985 170, 000 <br /> 94-130 1986 185, 000 <br /> 131-170 1987 200, 000 <br /> 171-214 1988 220, 000 <br /> 215-263 1989 245, 000 <br /> 264-317 1990 270, 000 <br /> 318-377 1991 300, 000 <br /> 378-443 1992 330, 000 <br /> 444-516 1993 365, 000 <br /> 517-597 1994 405, 000 <br /> 598-688 1995 455, 000 <br /> 689-789 1996 505, 000 <br /> 790-902 1997 565, 000 <br /> 903-1029 1998 635, 000 <br /> 1030-1171 1999 710, 000 <br /> 1172-1331 2000 800, 000 <br /> 1332-1511 2001 900, 000 <br /> Term Bonds <br /> 1512-3200 2007 8, 445, 000 <br /> Both principal of and interest on the Bonds shall be payable <br /> in lawful money of the United States of America at the office of <br /> the Treasurer of the City in Everett, Washington, or, at the <br /> option of the holder, at either of the fiscal agencies of the <br /> State of Washington in the cities of Seattle, Washington and New <br /> York, New York. The Bonds shall be obligations only of the <br /> Revenue Bond Fund and shall be payable and secured as provided <br /> herein. The Bonds shall not be general obligations of the City. <br /> Section 4. Redemption Prior to Maturity. The City hereby <br /> reserves the right to redeem the outstanding Bonds maturing on or <br /> after July 1, 1993, in whole, or in part in inverse numerical <br /> order, at the following times and at the following prices, <br /> expressed 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 /> -7- <br />