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said revenue for the payment of the principal of and interest <br /> on any revenue bonds which the city may later issue on a <br /> parity with said October 1, 1957 bonds and the bonds of this <br /> issue. <br /> The City of Everett has further bound itself to maintain <br /> said water supply and distribution system in good condition <br /> and repair, to operate the same in an efficient manner and at <br /> a reasonable cost, and to establish, maintain and collect rates <br /> and charges for water (and for sanitary sewage disposal service <br /> should the sanitary sewerage system of the city ever be combined <br /> with the water system) for as long as any of said July 1, 1952 <br /> and Odober 1, 1957 water revenue bonds, the bonds of this issue, <br /> and any revenue bonds which may be issued later on a parity with <br /> such October 1, 1957 bonds and the bonds of this issue are out- <br /> standing, that will make available for the payment of the prin- <br /> cipal of and interest on all of such bonds as the same shall <br /> become due, revenue in an amount equal to at least 1.25 times <br /> the maximum amount required in any calendar year hereafter for <br /> the payment of all of such principal and interest after normal <br /> costs of maintenance and operation of such system have been paid <br /> but before depreciation. <br /> It is hereby certified and declared that this bond and the <br /> bonds of this issue are issued pursuant to and in strict com- <br /> pliance with the Constitution and laws of the State of Washington <br /> and the Charter and ordinances of the City of Everett, and that <br /> all acts, conditions and things required to be done precedent to <br /> and in the issuance of this bond have happened, been done and <br /> performed. <br /> IN WITNESS WHEREOF, the City of Everett, Washington, has <br /> caused this bond to be signed by its Mayor, to be attested by <br /> -12- <br />