Ordinance 18-69 - Laserfiche WebLink

Both principal of and . iitcrest on the Bonds shall be payable in lawful money of the United States of America at the office of the City Treasurer in Everett , Washington, or, at the option of the holder, at the fiscal agency of the State of Washington, in the City of New York, New York, and shall be obligations only of the Bond Redemption Fund. Section 4 . The city hereby reserves the right to redeem any or all of the Bonds maturing April 1, 1985 through April 1, 1998 in inverse numerical order on the following interest payment dates and at the following prices expressed as a percentage of the principal amount , plus accrued interest to the date of redemption: On April 1 , 1984 and October 1, 1984 at 104 On April 1 , 1985 and October 1, 1985 at 103 1 On April 1 , 1986 and October 1, 1986 at 102 On April 1, 1987 and October 1, 1987 at 101 On April 1, 1988 and any interest payment date thereafter at 100 Notice of any such intended redemption shall be given by one publication thereof in the official city newspaper not more than forty nor less than thirty days prior to said redemption date and by mailing a like notice at the same time to the account manager of the purchaser of the Bonds at their sale by the city at its main office or principal place of business , or to the business successor, if any , of said account manager at its main office or principal place of business . Interest on any bond or bonds so called for redemption shall cease on such redemption date unless the same are not redeemed upon presentation made pursuant to such call . The city further reserves the right , whenever it has surplus money in the Sewer Revenue Fund over and above the amounts necessary to pay current costs of maintaining and operating the System, costs of necessary additions , betterments , improvements and replacements thereof when the same are not financed by the 7 .