HomeMy WebLinkAbout01758October of each year as evidenced by and uponlpresentation
and surrender of the attached interest coupon as they
severally become due. Both principal and int rest are
payable in lawful money of the United States Of America
at the office of the City Treasurer in Port Townsend,
Washington, or, at the option of the holder, at the main
office of The Pacific National Bank of Seattle in Seattle,
Washington (hereinafter called the "Trustee"), solely out
of the special fund of the city known as "Port Townsend
1956 Special Water Revenue Bond Redemption Fu d" created
by Ordinance No, of the city.
The city has reserved the right to redeem any or all
of the outstanding bonds of this issue in inverse numerical
order on each of the following interest payment dates at the
following prices:
On April 1, 1961 through October 1, 1963, at 103, 0 per 100 par value
On April 1, 1964 through October 1, 1966, at 102.50 per 100 par value
On April 1, 1967 through October 1, 1969, at 102.00 per 100 par value
On April 1, 1970 through October 1, 1972, at 101.50 per 100 par value
On April 1, 1973 through October 1, 1975, at 101.00 per 100 par value
On April 1, 1976 through October 1, 1978, at 100.50 per 100 par value
On April 1, 1979 and any interest payment date thereafter, at par.
Notice of any such intended redemption s all be given by
one publication thereof in the official city newspaper and in
a newspaper or financial journal of general circulation within
the City of Seattle, Washington, each such publication to be
not more than forty nor less than thirty days prior to such
redemption date, and by mailing a like notice t the same time
to Blyth & Co., Inc. at its office in Seattle, Washington or
at its main office if it does not have a Seatt e office, or to
the successor in business, if any, of said corporation at its
Seattle office or, if it does not have a Seattle office, at
its main office,
7.