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San ry 13,1988 19 <br /> ly <br /> .ka <br /> 'the' mete all Payments ��li <br /> e into C19 19i^ Reserve Account .d 19/203 Reserve <br /> t <br /> Accountbe <br /> to a uiin o y Reserve Account hereafter created <br /> on Fealty Bona.;payment of the principal of tl interest <br /> 1 <br /> mea. into411 <br /> ,av svrna�'nonan paymentsrequired to be <br /> warrant redemption sone, asst' °e,account, reserve„e r <br /> accounts u sinking funs n r t pays de <br /> .e principal herr.revenue <br /> ofli9 1 of b m o ° en or other n e <br /> N v the City having a.lien upon the Revenue <br /> r N System <br /> tJa for and inferior to e iron thereon <br /> it''''':'!''''' <br /> # <br /> Parity Bonds; the y nclPal F and int Lav tt• <br /> bondap'n market [ retireby <br /> redemption <br /> vd i�do aov Me rcheae in _ <br /> the edditienarsvenue battermmte,ta of the improvements rto ead r necessary <br /> extensions and replacemanta o£the System, or[oro any <br /> Sty purposes. <br /> 5. Section 9.A of the Ordinance is amended to o r ead as <br /> • <br /> A. meso[. D f <br /> spacial account known s e Debt ServiceAccount"has <br /> been eat.in the RevenueBona Fwd for <br /> ' <br /> paying the principal of,premium, if t the Puryoee of <br /> I'.11 <br /> Parity Saryde. There I.hereby createdsav'within interest <br /> 11 <br /> Debt Service Account a special subaccouat to Water <br /> knows <br /> u d designated as the.1988 City of Everett r and <br /> Sewer Subaccount"snue(the }988 Debt Refunding <br /> Bond Debt 'Service <br /> shall be drown upon far theice 9ubaccount")whthe <br /> Principal, r mi e, if ny, aa.ulzpose of n.e the <br /> Bonds,and which,together ther with other sorest Ne D1988 . <br /> ebt <br /> Service Acccount,m ops Ne moneys in Nel o anintered <br /> iswadsT Parity used <br /> heretofore i orlphereaf r <br /> As long a any 198Bv Bonds t outstanding,the <br /> city hereby a vo able obligates and Steel£4 <br /> DabT'Sas ice nd pub m Ne Revawe Fwd into the 19Y8 <br /> together with A easement nIncome deposited <br /> and such t those amounts nether <br /> Debt asaService o hand a available ter in the 1908= <br /> principal <br /> ase r to pcom the due <br /> (1 <br /> outstanding 988 vB es(exclut env ca interest the t, <br /> lin <br /> shall Tbemmavtn. rubefortiente 1:' eNIN)B➢Rev vnd £ <br /> e yPwa <br /> each monN Follow.: <br /> ;4 <br /> p, <br />