HomeMy WebLinkAbout01757the principal of and interest on the Bonds as may be outstanding
from time to time and the equal pro rata benefit, security and
protection of the holders of the.Bonds and the coupons attached
thereto.
None of the Bonds and coupons attached thereto shall 11
be valid or obligatory for any purpose, nor shall they be en-
titled to any right or benefit hereunder unless there shall be
endorsed on each such Bond the certificate of authentication in
the form hereinafter provided, duly executed by the Trustee.
Such certificate of the Trustee upon any of the Bonds shall be
conclusive evidence that such Bond so authenticated has been duly
issued under this ordinance and that the holder thereof is entitled
to the benefits of this ordinance.
Section 5. The Bonds shall be in substantially the
following form: .
UNITED STATES OF AMERICA
NO.
$1,000
STATE OF WASHINGTON
CITY OF PORT TOWNSEND
SPECIAL WATER REVENUE BOND, 1956
KNOW ALL MEN BY THESE PRESENTS:
That the City of Port Townsend, a municipal corporation
of the State of Washington, hereby acknowledges itself to
owe and for value received promises to pay to bearer on the
first day of April, 19_, the principal sum of
ONE THOUSAND DOLLARS
together with interest thereon at the rate of __% per
annum payable semiannually on the first days of April and
6.