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The rate-fixing officer shall make diligent monthly inquiry into the rates prevailing at Bellevue and Seattle, Washington, on similar general obligation or special fund warrants to ascertain the market value of the current warrants issued by him, and he shall, insofar as practicable, fix the rate of interest on the several classes of warrants issued by him during the ensuing month so that the par value shall be the market value thereof. In no event shall such interest rate exceed eight percent per year on general or special fund warrants, except utility warrants issued under the provisions of Chapter 35.92 RCW, the rates of which shall not exceed six percent per year. (Ord. 2087 § 1, 1974; 1961 code § 2.32.030.)