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• <br /> such call once in the official newspaper of the City not less than , <br /> ten nor more than twenty days prior to the call date, and by mailing <br /> a copy of such notice within the same period to Wm. P. Harper & Son & <br /> Company at its principal office in Seattle , Washington, or its successor, <br /> and upon such date the interest on bonds so called shall cease and <br /> each and every coupon representing interest not accrued on such date <br /> shall be void. The bonds shall bear interest at the rate of 7-1/2% per <br /> annum, payable annually, beginning on September 1, 1971 , to be <br /> represented by interest coupons to maturity attached to each bond. <br /> Section 2 . Each of the bonds and interest coupons attached <br /> thereto shall be in substantially the following form: <br /> No. $5 ,000 . 00 <br /> ($3,506 . 96 on Bond No. 1) <br /> UNITED STATES OF AMERICA <br /> STATE OF WASHINGTON <br /> LOCAL IMPROVEMENT BOND <br /> OF <br /> CITY OF EVERETT <br /> LOCAL IMPROVEMENT DISTRICT NO. 690 <br /> 7-1/2% <br /> N.B. The laws of the State of Washington under <br /> which this bond is issued contain the following <br /> section (RCW 35 . 45 . 070) : <br /> "Neither the holder nor owner of any bond, <br /> interest coupon, or warrant issued against a <br /> local improvement fund shall have any claim <br /> therefor against the city or town by which it is <br /> issued, except for payment from the special assess- <br /> ments made for the improvement for which the bond <br /> or warrant was issued and except also for payment <br /> from the local improvement guaranty fund of the <br /> city or town as to bonds issued after the creation <br /> of a local improvement guaranty fund of that city <br /> or town. The city or town shall not be liable to <br /> the holder or owner of any bond, interest coupon, <br /> or warrant for any loss to the local improvement <br /> guaranty fund occurring in the lawful operation <br /> thereof. A copy of the foregoing part of this <br /> section shall be plainly written, printed or en- <br /> graved on each bond. " <br /> THE CITY OF EVERETT, WASHINGTON, a municipal <br /> corporation of the State of Washington, hereby <br /> promises to pay to Wm. P. Harper & Son & Company, <br /> Seattle, Washington, or bearer, the sum of <br /> -2- <br />