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FIVE THOUSAND DOLLARS <br /> ($3 ,506 . 96 on, Bond No. 1) <br /> in lawful money of the United States of America, <br /> with interest thereon at the rate of SEVEN AND <br /> ONE-HALF PERCENT (7-1/2%) per annum, payable <br /> annually out of the fund established by Ordinance <br /> No. 62-69 of the City and known as "Local Improve- <br /> ment Fund, District No. 690 , " and not otherwise , <br /> except from the guaranty fund, as herein provided. <br /> Both principal of and interest on this bond are <br /> payable at the office of the Treasurer of the City. <br /> Coupons are hereto attached for each installment <br /> of interest to accrue hereon, and interest shall <br /> be paid only on presentation and surrender of such <br /> coupons to the City Treasurer. <br /> The City Council of the City as agent of such <br /> Local Improvement District No. 690 , established by <br /> Ordinance No. 62-69 , has caused this bond to be <br /> issued in the name of the City as the bond of such <br /> local improvement district, the bonds or the pro- <br /> ceeds thereof to be used to pay so much of the cost <br /> and expense of carrying out the comprehensive plan <br /> for the provision of off-street parking space and <br /> facilities for motor vehicles within the corporate <br /> limits of the City as specified and adopted by <br /> Ordinance No. 47-69 , all as provided by Ordinance <br /> No. 62-69 , as is levied and assessed against the <br /> property included in the local improvement district <br /> and benefited by that improvement, and the "Local <br /> Improvement Fund, District No. 690 , " has been <br /> established by ordinance for that purpose. The <br /> holder or holders of this bond shall look only to <br /> that fund and to the Local Improvement Guaranty Fund <br /> of the City for the payment of either the principal <br /> of or the interest on this bond. <br /> This bond is one of an issue of 173 bonds aggregat- <br /> ing in all the principal sum of $863 ,506 .96 , issued <br /> for Local Improvement District No. 690, all of which <br /> bonds are subject to the same terms and conditions as <br /> herein expressed. <br /> This bond is payable on September 1, 1992 , but is <br /> subject to call by the City Treasurer for prior re- <br /> demption whenever there shall be sufficient money in <br /> the "Local Improvement Fund, District No. 690 , " to <br /> pay the same and all unpaid bonds of the issue of <br /> which this bond is one , which are prior to this bond, <br /> in numerical order, over and above amounts sufficient <br /> for the payment of the interest on all unpaid bonds <br /> of this issue. The call for payment of this bond, or <br /> any bond of this issue of which this is one, shall be <br /> made by the City Treasurer by publishing the same once <br /> in the official newspaper of the City not less than <br /> ten nor more than twenty days prior to the call date, <br /> and by mailing a copy of such notice within the same <br /> period to Wm. P . Harper & Son & Company at its prin- <br /> cipal office in Seattle, Washington, or its successor, <br /> and when such call is made for the payment of this <br /> bond, it will be paid on the day the next interest <br /> coupon thereon shall become due after that call and <br /> upon that day interest upon this bond shall cease and <br /> any remaining coupons shall be void. <br /> -3- <br />