Ordinance 4113 - Laserfiche WebLink

of the principal of, premium if any, and interest on the Bonds or of and on any Parity Bonds . Section 10. The money in the Water System Fund shall be disbursed in the following order of priority : a. For normal costs of maintenance and operation of the System. b. To the Everett Special Water Revenue Bond Redemption Fund No. 7--and the reserve account therein if necessary--in amounts each month sufficient to meet the requirements of Ordinance No. 3380 of the City to pay and secure the payment of the principal of and interest on the July 1, 1952 Prior Lien Bonds . c . To the Everett 1963 Water Revenue Refunding Bond Re- demption Fund--and the reserve account therein if necessary--in amounts each month sufficient to meet the requirements of Ordinance No. 3945 of the City to pay and secure the payment of the principal of and interest on the April 1, 1963 Prior Lien Bonds . d . To make the P. U. D. No. 1 Payments required under the P . U. D. No. 1 Agreement . e . To the 1965 Bond Redemption Fund and the Reserve Account in the amounts and at the times sufficient to meet the requirements of this ordinance to pay and secure the payment of the principal of and interest on the Bonds and, in the event any Parity Bonds are issued, in the amounts and at the times sufficient to meet the requirements of the ordinance or ordinances authorizing the issuance of such Parity Bonds to pay and secure the payment of the principal of and interest on such Parity Bonds . f. To any other water revenue bond redemption fund or funds and reserve account or accounts which may later be created for the purpose of paying and securing the payment of the principal of and interest on any water revenue bonds which the City may later issue 12.