HomeMy WebLinkAbout01890Section 10: The Bonds shall be in oubstantiaj.ly the fol-
lowing form:
UNITED STATES OF AMERICA
NO. $1,OOU
S'.PATE OF �4ASFIINGTOt3
CITY OF PORT TOWNSEND
WATER REVENUE BOND01959
MOW ALL MEN BY TiTESE 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, 19T,,.the principal sum of
ONE THOUSAND DOLLARS
together with interest thereon at the raise of ��b per annum
payable on October 1, 1960 and semiannually thereafter on the'.
first days,of April and October of each year as.evidenced by.
and upon.presentation and surrender of the attached interest .
coupons. as they severally become due or until the payment of
such principal spun shall be made or duly provided for, Both
principal of and interest on this bond are payable in lawful
money of the United States of America at the office of the City
Treasurer in Port Townsend, Washington, solely out of the special
fund of the city known as "Port Townsend 1959 Water Revenue Bond..
Redemption Fund" created by Ordinance No. L§Jg of the city.
The City of Port Townsend has reserved the right to redeem
the bonds 1of this issue in whole on the following interest pay-
ment date and at the following prices expressed as a percentage
of the principal amount, plus accrued interest to date of re- .
demption:
-10- .