Ordinance 97-70 - Laserfiche WebLink

• by Ordinance No. 47-69 , passed by. the City Council and approved by the Mayor on November 26 , 1969 , and ordered to be carried out by Ordinance No. 62-69 , passed by the City Council and approved by the Mayor on December 24 , 1969 . F. The word "Purchaser" shall mean the purchaser of the single Series A Bond or Series B Bond hereinafter mentioned, the registered holder thereof at any time or the purchasers and bearers of any of the serially numbered bearer coupon bonds which may be issued initially or in exchange for the single bond, including Wm. P . Harper & Son & Company, the initial purchaser of the Series C Bonds , and any subsequent holder thereof. Section 2 . For the purpose of providing part of the funds required to construct and develop the Project, the City shall issue the Series A Bonds in the principal sum of $258 , 000 .00 par value. The Series A Bonds shall be dated July 1 , 1970 ; shall be in denominations of $5 , 000 . 00 each, except the first three of the Series A Bonds shall be in denominations of $1, 000 .00 each; may be registrable at the option of the holder as to principal only; shall bear interest at a rate not to exceed 4% per annum, payable on January 1, 1971, and semiannually thereafter on July 1 and January 1 of each year; shall be numbered from 1 to 54 , inclusive , in direct order of maturity; and shall mature on January 1 of each year in accordance with the following schedule : Years Amounts 1974 $ 3 , 000 1975-1978 5 ,000 1979-1985 10 ,000 1986-1996 15 ,000 Both principal and interest shall be payable at the office of the City Treasurer, Everett, Washington, or, at the option of the holder, at the fiscal agency of the State of Washington in the City and State of New York, in any coin or currency which is legally acceptable on the respective dates of payment for debts due the United States of America. Section 3 . For the purpose of providing part of the funds required to construct and develop the Project, the City shall issue -4-