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annum payable October 1 , 1969 and semiannually thereafter <br /> on the first days of April and October of each year as evidenced <br /> by and upon presentation and surrender of the attached interest <br /> coupons as they severally become due or until payment of such <br /> principal sum shall be made or duly provided for. Both principal <br /> of and interest on this bond are payable in lawful money of <br /> the United States of America at the office of the City Treasurer <br /> in Everett , Washington, or, at the option of the holder, at <br /> the fiscal agency of the State of Washington in the City of <br /> New York, New York, solely out of the special fund of the <br /> city known as "Everett Sewer Revenue Bond Redemption Fund , " <br /> created by Ordinance No . 3768 of the city . <br /> The City of Everett has reserved the right to redeem <br /> the bonds of the issue maturing April 1 , 1985 through April 1 , <br /> 1998 in inverse numerical order on the following interest <br /> payment dates and at the following prices expressed as a <br /> percentage of the principal amount , plus accured interest <br /> to the date of redemption : <br /> On April 1 , 1984 and October 1 , 1985 at 104 <br /> On April 1 , 1985 and October 1 , 1985 at 103 <br /> On April 1 , 1986 and October 1 , 1986 at 102 <br /> On April 1, 1987 and October 1 , 1987 at 101 <br /> On April 1 , 1988 and any interest <br /> payment date thereafter at 100 <br /> Notice of any such intended redemption shall be given by <br /> one publication thereof in the official city newspaper not more <br /> than forty nor less than thirty days prior to said redemption <br /> date and by mailing a like notice at the same time to <br /> This bond is one of an issue of sewer revenue bonds of <br /> the city of like amount , date and tenor except as to number, <br /> rate of interest and date of maturity in the total principal <br /> sum of $2 ,700 ,000 , which bonds are issued pursuant to ordinances <br /> 3. <br />