All bonds unless otherwise specially ordered by the council, issued in pursuance of the provisions of this chapter, may be in substantially the following form:

LOCAL IMPROVEMENT BOND

DISTRICT NO.

CITY OF ABERDEEN

STATE OF WASHINGTON

UNITED STATES OF AMERICA

BOND No. _____.

N.B. This Bond is issued by virtue of the provisions of an Act of the Legislature of the State of Washington entitled "AN ACT relating to Local Improvements in cities and towns and repealing certain Acts and parts of Acts approved March 17, 1911", and also pursuant to an Act of the Legislature of the State of Washington entitled "AN ACT relating to Local Improvements and providing for the maintenance in cities and towns of Local Improvement Guaranty funds, passed and approved March 16, 1923", and as the last said Act was amended by an Act of the Legislature of the State of Washington entitled "An Act relating to Local Improvements and bonds issued therefor, amending sections 1, 2, 3, 4 and 5 of Chapter 141 of the 1923 Session Laws of the State of Washington and repealing Section 6 thereof, approved January 18, 1926", Section 5 of which Act being as follows:

"Sec. 5. Neither the holder nor the owner of any bond issued under the provisions of this Act shall have any claim therefor against the city or town by which the same is issued, except for payment from the special assessments made for the improvement for which said bond was issued, and except as against the local improvement guaranty fund of such city or town, and the city or town shall not be liable to any holder or owner of such bond or warrant for any loss to the guaranty fund occurring in the lawful operation thereof by the city or town. The remedy of the holder or owner of a bond, in case of non-payment, shall be confined to the enforcement of the assessment and to the guaranty fund. A copy of the foregoing part of this section shall be plainly written, printed or engraved on each bond issued and guaranteed hereunder, and the writing, printing or engraving shall be deemed sufficient compliance with the requirements of Section 9405 of Remington's Compiled Statutes."

The City of Aberdeen, a municipal corporation of the State of Washington, hereby promises to pay to _______________ or bearer _______________ ($_______) Dollars, lawful money of the United States, with interest thereon at the rate of ________ per cent per annum, payable annually out of the fund established by Ordinance No. _____ of said City and known as Local Improvement Fund District No. ____ and not otherwise, except from the guaranty fund, as herein provided, both principal and interest payable at the office of the City Treasurer of said City.

A coupon is hereto attached for each installment of interest to accrue hereon and said interest shall be paid only on presentation and surrender of such coupon to the City Treasurer, but in case this bond is called for payment before its maturity, each and every coupon representing interest not accrued at the time this bond is payable under such call shall be void. This bond is payable on or before the _____ day of _______ 19____, and is subject to call by the City Treasurer of said City whenever there shall be sufficient money in said Local Improvement Fund to pay the same and all unpaid bonds of the series of which this bond is one, which are prior to this bond in numerical order, over and above sufficient for the payment of interest on all unpaid bonds of said series.

The City Council of said City as the agent of said Local Improvement District No. _____ established by section No. _____ has caused this bond to be issued in the name of the said City as the bond of said Local Improvement District, the bond or the proceeds thereof to be applied in part payment of so much of the cost and expense of the improvement of portions of _________ street, under said section No. _______ as is levied and assessed the property included in said Local Improvement District No. _______ of Aberdeen, has been established by ordinance for said purpose, and the holder or holders of this bond shall look only to said fund for the payment of either the principal or interest of this bond, and to the Local Improvement Guaranty Fund of the City of Aberdeen in the lawful operation thereof.

The call for payment of this bond, or of any bond, of the series of which this is one shall be made by the City Treasurer by publishing the same in the official newspaper of said city, and when such call is made for the payment of this bond it will be paid on the day the next interest coupon thereon shall become due after said call and upon said day interest upon this bond shall cease and any remaining coupons shall be void.

This bond is one of a series of _________ bonds aggregating _______________ ($_______) Dollars, to cover the expense of Local Improvement District No. issued for said Local Improvement District, all of which bonds are subject to the same terms and conditions as herein expressed.

IN WITNESS WHEREOF, The City of Aberdeen has caused these presents to be signed by its Mayor and attested by its City Clerk and sealed with its corporate seal this day of ____________, in the year of our Lord One Thousand Nine Hundred and __________________.

CITY OF ABERDEEN,

By __________________________________

Mayor

Attest:

__________________________

City Clerk

There shall be attached to each bond such a number of coupons, not exceeding ten (10) as shall be required to represent the interest thereon payable annually for the term of said bonds, which coupons shall be substantially in the following form:

THE CITY OF ABERDEEN

INTEREST COUPON NO. __

On the ____________ day of ________, 19_____.

CITY OF ABERDEEN

STATE OF WASHINGTON

Promises to pay to the bearer at the office of its City Treasurer ________ ($______) Dollars being twelve months' interest due that day on Bond No. ___________ of the bonds of "Local Improvement Fund District No. ___________ of Aberdeen", and not otherwise, provided that this coupon is subject to the terms and conditions contained in the bond to which it is annexed, and if said bond shall be called for payment before maturity hereof, then this coupon shall be void.

CITY OF ABERDEEN,

By __________________________________

Mayor

Attest:

__________________________

City Clerk

The city treasurer shall keep in his office a register of all such bonds in which he shall enter the local improvement district for which the same are issued and the date, amount and number of each bond and the terms of payment.