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standing at this time for the payment of the principal of and <br /> interest on which the gross earnings and revenue of the System <br /> have been pledged. <br /> h. The words "1957 Bond Redemption Fund" shall mean <br /> the special fund of the City known as the "Everett Water Revenue <br /> Bond Redemption Fund" created by Ordinance No. 3633 of the City <br /> for the payment of the Second Lien Bonds, and such words shall <br /> include the reserve account created in such Fund by such Ordi- <br /> nance No. 3633 . <br /> i. The words "1961 Bond Redemption Fund" shall mean <br /> the special fund of the City known as the "Everett 1961 Water <br /> Revenue Bond Redemption Fund" created by Ordinance No. 3850 of <br /> the City for the payment of the Third Lien Bonds, and shall in- <br /> clude the reserve account created in such Fund by such Ordinance <br /> No. 3850. <br /> j . The words "1963 Bond Redemption Fund" shall mean <br /> the special fund of the City created in this ordinance for the <br /> purpose of paying the principal of, premium if any, and interest <br /> on the Bonds, and entitled "Everett 1963 Water Revenue Refunding <br /> Bond Redemption Fund. " <br /> k. The words "Reserve Account" shall mean the account <br /> of that name created in the 1963 Bond Redemption Fund by this <br /> ordinance for the purpose of securing the payment of the prin- <br /> cipal of and interest on the Bonds . <br /> Section 2 . For the purpose of providing part of the <br /> funds necessary to redeem and retire the Second Lien and Third <br /> Lien Bonds in the total principal sum of $4,431,000 as herein- <br /> before provided, the City shall issue the Bonds in the total <br /> principal amount of $4, 235,000. <br /> 4. <br />