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• <br /> THE CITY OF EVERETT: <br /> Section 1. That for the purpose of refunding the <br /> installment note in the present principal amount of $93 , 350. 00 <br /> which had been issued to pay the costs attributable to the <br /> property owners in the local improvement district of acquiring, <br /> constructing, and installing improvements in said Local Improve- <br /> ment District No. 691, plus all costs incidental thereto, the City <br /> shall now issue bonds of said local improvement district in the <br /> principal sum of $93, 350. 00. <br /> The bonds shall be dated January 1, 1974 , shall be in the <br /> denomination of $5, 000 each, except for Bond No. 1 which shall be <br /> in the amount of $3, 350. 00 , shall be numbered from 1 to 19 , inclu- <br /> sive, shall bear interest at the rate of 6. 40% per annum payable <br /> annually on the 1st day of January of each year, and shall mature <br /> on January 1, 1989. Said bonds shall be payable at the office <br /> of the City Treasurer in Everett, Washington, in lawful money of <br /> the United States of America. <br /> Notice of any intended redemption of any of such bonds <br /> prior to maturity shall be given by the City Treasurer by one pub- <br /> lication thereof in the official City newspaper, if one has been <br /> selected, but if one has not been selected, then by one publication <br /> thereof in any newspaper of general circulation in the City, not <br /> more than 20 nor less than 10 days prior to said redemption date. <br /> Section 2 . Said bonds shall be in substantially the <br /> following form: <br /> UNITED STATES OF AMERICA <br /> No. $5, 000. 00 <br /> STATE OF WASHINGTON <br /> CITY OF EVERETT <br /> LOCAL IMPROVEMENT DISTRICT NO. 691 <br /> - 2 - <br />