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Ordinance 3955
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Ordinance 3955
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8/10/2020 1:10:34 PM
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8/10/2020 1:10:12 PM
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Ordinances
Ordinance Number
3955
Date
6/18/1963
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revenue of the System. All expenses incurred in the maintenance of <br /> such books and accounts and the preparation of such statement may be <br /> regarded and paid as an expense of operation of the System. <br /> (f) The covenants and agreements of the city contained in <br /> Ordinance No. 3768 and particularly in Sections 8 and 11 of said <br /> ordinance constituting agreements of the city protecting and safe- <br /> guarding the security and rights of the holders of the Outstanding <br /> Parity Bonds shall be equally applicable to the Bonds and shall inure <br /> to the benefit of the holders from time to time of the Bonds and are <br /> hereby made a part of this ordinance with respect to the Bonds as <br /> though fully set forth herein. <br /> (g) The city hereby reserves the right to issue Parity <br /> Revenue Bonds under the same terms, conditions and requirements and <br /> with the same limitations and restrictions as provided in Section 11 <br /> of Ordinance No. 3768 for the issuance of revenue bonds on a parity <br /> with the Outstanding Parity Bonds . <br /> Section 10 . The Bonds shall be in substantially the follow- <br /> ing form: <br /> UNITED STATES OF AMERICA <br /> NO. $5,000 <br /> STATE OF WASHINGTON <br /> CITY OF EVERETT <br /> SEWER REVENUE BOND, 1963 <br /> KNOW ALL MEN BY THESE PRESENTS: <br /> That the City of Everett, a municipal corporation of the <br /> State of Washington, hereby acknowledges itself to owe and for <br /> value received promises to pay to bearer on the first day of <br /> July, 19 , the principal sum of <br /> FIVE THOUSAND DOLLARS <br /> together with interest thereon at the rate of % per annum <br /> 13 . <br />
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