HomeMy WebLinkAbout02104!:rater-SeweI' Revenue !,ond vede:',ptir.n Fund' C."^^:..r !,y Ordinance
No. of the city.
The City of Port Townsend has reserved Une rLc,ht tc redeem
any or all of the bonds of thLs issue outctendln;; In whole, or
In part in inverse numerical oI'der, on the follow:ino, interest
Payment dates. and at the followlnF, prices; exnressed as a per-
centage of the principal amount, plus accrued interest to the
date of redemption:
On January 1 and July 1, 1977, at 103
On January 1 and July 1, 1978, at 102 1/2
On January 1 and July 1, 1979, at 102
On January 1 and July 1, 1980, at 101 112
On January 1 and July 1, 1581, at 101
On January 1 and July 1, 1982, at 100 1.12
On January 1, 1983 and any interest payment date thereafter, at 100.
Notice of any such intended redemption shall be given by one
publication thereof in a newspaper or business and financial
Journal of general circulation throughout the City of Seattle,
Washington, not more than forty not, less than thirty days prior
to said redemption date, and by mailinr; a like notice at the same
time to McLean & Company, Inc. at its office in Tacoma, wlashinp-
ton, or to the successor in business, if any, of said company at
its main office.
This bond is one of an issue of one hundred ninety bonds
of the City of Port Townsend, Washington, of like amount, date
and tenor except as to number
and date of
maturity, aggregating the total principal amount of $950,000,
which bonds are issued pursuant, to the laws of the State of
Washington and ordinances of the city duly and regularly adopted,
for the purpose of providing funds to acquire, construct and in-
stall certain additions and improvements to and extensions of
the combined water, and sewerage system of the city as such
system is defined i.n Ordinance No. of the city. All
of the bonds of this issue are payable solely out of the gross
earnings and revenue of such combined system and all additions
16.