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Bond Nos . Maturity Years Amount Interest Rate
<br /> • 1-153 1981 $ 765, 000 5 .75
<br /> 154-290 1982 685, 000 5 .75
<br /> 291-436 1983 730 ,000 5 .75
<br /> 437-560 1984 620 ,000 6 .00
<br /> 561-591 1985 155 , 000 6 . 20
<br /> 592-623 1986 160 ,000 6 .40
<br /> 624-657 1987 170 ,000 6 .60
<br /> 658-692 1988 175 , 000 6 .80
<br /> 693-729 1989 185 , 000 7 . 00
<br /> 730-792 1990 315 ,000 7 .15
<br /> 793-891 1991 495 , 000 7 . 30
<br /> 892-1000 1992 545 ,000 7 .45
<br /> 1001-1113 1993 565, 000 7 .60
<br /> 1114-1236 1994 615 , 000 7 .75
<br /> 1237-1370 1995 670 , 000 7 . 90
<br /> 1371-1513 1996 715 , 000 8 . 00
<br /> 1514-1668 1997 775 ,000 8 .10
<br /> 1669-1873 1998 1, 025 , 000 8 . 20
<br /> 1874-2167 1999 1 ,470, 000 8 . 30
<br /> 2168-2478 2000 1 , 555 ,000 8 .40
<br /> 2479-2814 2001 1, 680 ,000 8 .45
<br /> 2815-3177 2002 1 ,815, 000 8 . 50
<br /> 3178-3570 2003 1, 965 ,000 8 . 50
<br /> 3571-4000 2004 2, 150 , 000 8 . 50
<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 after
<br /> July 1, 1992, in whole, or in part in inverse numerical order, at
<br /> the following times and at the following prices , expressed as a
<br /> percentage of par, plus accrued interest to the date of redemption:
<br /> Redemption Date Redemption Rate
<br /> On July 1, 1992 and January 1, 1993 at 102%
<br /> On July 1, 1993 and January 1 , 1994 at 101 . 5%
<br /> On July 1, 1994 and January 1, 1995 at 101%
<br /> On July 1, 1995 and January 1, 1996 at 100 .5%
<br /> On July 1, 1996 and on any interest
<br /> payment date thereafter at 100% .
<br /> Interest on any Bonds so called for redemption shall cease
<br /> on such redemption date unless the same shall not be redeemed
<br /> upon presentation made pursuant to such call .
<br /> -7-
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