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in lawful money of the United States of America with interest <br /> thereon from the date hereof at the rate of 7% per annum payable <br /> annually on the 15th day of March of each year upon presentation <br /> and surrender to the City Treasurer of this bond and the attached <br /> interest coupons as they severally become due . <br /> This bond , both principal and interest , is payable only out <br /> of Local Improvement District Fund No. 683 created by Ordinance <br /> No . 4322 of the City Council adopted October 8 , 1968, as amended <br /> by Ordinance No. 4330 of the City Council adopted November 13, <br /> 1968, or out of the Local Improvement Guaranty Fund of the city . <br /> This bond is one of an issue of bonds aggregating in total <br /> principal amount the sum of $754 ,080 . 73 , is payable on or before <br /> March 15 , 1983, and is subject to call by the Treasurer of the <br /> City of Everett on any annual interest payment date whenever <br /> there shall be sufficient money in said Local Improvement District <br /> Fund No. 683 to pay the same and all unpaid bonds of this issue <br /> which are prior in numerical order to this bond, over and above <br /> the amount thereof for the payment of the interest next coming <br /> due on the unpaid bonds of this local improvement district . <br /> Neither the owner nor holder of this bond shall have any claim <br /> therefor against the city except for payment from the special <br /> assessments made for the improvement for which this bond is issued, <br /> or except as against the Local Improvement Guaranty Fund of the <br /> city . The city shall not be liable to any owner or holder of this <br /> bond for any loss to the Guaranty Fund occurring in the lawful <br /> operation thereof by the city . The remedy of the owner or holder <br /> of this bond in case of nonpayment shall be confined to the en- <br /> forcement of the assessments or to the Guaranty Fund. <br /> In the event this bond is called for payment before its final <br /> maturity , each and every interest coupon not due at the time of <br /> such payment shall be void. <br /> The call for payment of this bond shall be made by the City <br /> Treasurer by one publication thereof in the official city news- <br /> paper not more than twenty nor less than ten days prior to said <br /> 3• <br />