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was more than 1.4 timer the amount required each calendar year
hereafter for the payment of the principal of and interest on the
Outstanding Parity Bonds and of and on the Bonds.'
The conditions contained in Section 15 of ordinance No. 1330
having been complied with, the payments required herein to be made out
of the Olympic Gravity ;dater Fund of the city into the 1959 Bond Re-
demption Fund and the Reserve Account therein to pay and secure the
payment of the principal of and interest on theBonds shall constitute
a lien and charge upon the money in such Fund equal in ranIt with the
lien and -charge thereon for the Payments required to be made into
the Parity Bond Fund to pay and secure the payment of the principal
of and interest on the outstanding Parity Bonds.
Section 3. That for the purpose of providing the money-..,. '
required to pay the cost of acquiring, constructing and installing
those additions and improvements to and extensions of the System
authorized by Ordinance No. 1378, the city shall issue the Bonds.
The Bonds shall be dated December 1, 1959, shall be in
denominations of $1,000 each, shall bear interest payable on the.
first day of October, 1960 and semiannually thereafter on the first
dayts,of April and October of each year at the rates hereinafter stated,
and shall be numbered and mature in order of their number as follows:
Interest
Bond Nos. Maturity Date Amount Rate
1-13 April 11 1967 $13,000 4 3/8%
14-27 April 1, 1968 14,000 4 3/8%
28-42 April 11 1969 15,000 4 3/8%
43-57 April 10 1970 15,000 4 3/6%
58-73 April 11 1971 16,0001=' 4 3/8%
74-69 ?:pril 1, 1972 16, 00a '--4 1/2% u'J
90-106 April 1, 1973 17,000 4 1/2%
107-124 April 1, 1974 18,000,,.- 4 1/2%
125-143 April 11 1975 19,000;' 4.1/21,vo/
144-163 April 1, 1976 200000 4 5/8� c='•
1G4-184 April 1, 1977 210000 ,` 4 5/8%
185-205 ;.wril 1, 1978 21,000 4 5/8%
206-227 April 12 1979 220000,-> 4 5/8,6
228-250 !:pril 1, 1980 23,000. ' 4 5/Er,.
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