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Ordinance 409-76
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Ordinance 409-76
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12/13/2018 11:51:06 AM
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12/13/2018 11:51:04 AM
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Ordinances
Ordinance Number
409-76
Date
7/28/1976
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• <br /> The City has reserved the right to redeem any or all of <br /> the Bonds outstanding in inverse numerical order on any <br /> interest payment date on and after September 1, 1981, at <br /> par plus accrued interest to the date of redemption. <br /> Notice of any such intended redemption shall be given <br /> by one publication thereof in the official City newspaper <br /> not more than forty nor less than thirty days prior to said <br /> redemption date and by mailing a like notice at the same <br /> time to <br /> This bond is one of an issue of 92 bonds of like <br /> amount, date and tenor except as to number, rate of interest <br /> and date of maturity in the aggregate principal amount of <br /> $460, 000 and is issued pursuant to Ordinance No. of the <br /> City under and in strict compliance with the provisions of <br /> the Constitution of the State of Washington, and provisions <br /> of the City Charter and duly adopted ordinances of the City. <br /> The City hereby irrevocably covenants that it will <br /> include in its annual budgets and levy taxes annually within <br /> and as a part of the tax revenue permitted the City without <br /> a vote of the people amounts which, with other moneys of the <br /> City legally available therefor , will be sufficient to pay <br /> the principal of and interest on the bonds of this issue as <br /> the same shall become due. <br /> The full faith, credit and resources of the City are <br /> hereby irrevocably pledged for the annual levy of such taxes <br /> and for the prompt payment of such principal and interest. <br /> It is hereby certified and declared that all acts, <br /> conditions and things required to be done precedent to and <br /> -4- <br />
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