Ordinance 3946 - Laserfiche WebLink

• is • • prior to the time such money is needed to make any payment of interest on or principal of the outstanding water revenue bonds payable out of such funds may be invested only in United States Government Bills maturing prior to the date or dates such money is needed for such payments, upon express direction of the City Council. Section 5 . The City Clerk is hereby authorized and directed to publish and mail during the following times the notices required to call for redemption the following-described bonds on the following dates, as more fully required in the following ordinances : Method Date of Bond Issue Ordinance Bonds of Call Giving Notice 10-1-57 No. 3633 All outstanding bonds As required Last 10 days maturing after 10-1-67 in Sec. 3, of August, Ordinance 1967 No. 3633 4-1-60 No. 3754 All outstanding bonds As required Last 10 days maturing after 10-1-69 in Sec. 4, of August, 1969 Ordinance No. 3754 12-15-61 No. 3850 All outstanding bonds As required Nov. 5-14, 1971 in Sec. 5, Ordinance No. 3850 Section 6. It is hereby found and declared that in order to take advantage of the present market in United States Government obliga- tions and also to provide necessary safeguards for the investing and disposition of the moneys which will soon be received from the sale of the water revenue refunding bonds of the City issued pursuant to Ordinance No. 3945, an emergency is hereby declared to exist, and this ordinance is hereby declared to be in full force and effect from and after its passage, approval and publication as required by law. PASSED UNANIMOUSLY by the City Council of the City of Everett, Washington, at a regular meeting of said Council duly held 6.