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506242089.1 <br />-i- <br /> <br />CITY OF EVERETT <br />ORDINANCE NO. ______ <br />TABLE OF CONTENTS* <br />Page <br />Section 1. Definitions................................................................................................................. 3 <br />Section 2. Compliance with Parity Conditions ........................................................................ 20 <br />Section 3. Authorization of Projects, Authorization of Bonds and Bond Details .................... 20 <br />Section 4. Registration, Exchange and Payments .................................................................... 22 <br />Section 5. Redemption; Purchase of Bonds ............................................................................. 27 <br />Section 6. Revenue Fund; Priority of Payments from Revenue Fund; Coverage <br />Stabilization Account .............................................................................................. 31 <br />Section 7. Payments into Revenue Bond Fund ........................................................................ 33 <br />Section 8. Bond Covenants ...................................................................................................... 38 <br />Section 9. Issuance of Future Parity Bonds ............................................................................. 42 <br />Section 10. Tax Covenants ........................................................................................................ 46 <br />Section 11. Form of Bonds ........................................................................................................ 49 <br />Section 12. Execution of Bonds ................................................................................................. 51 <br />Section 13. Defeasance .............................................................................................................. 52 <br />Section 14. Lost, Stolen or Destroyed Bonds ............................................................................ 53 <br />Section 15. Sale of Bonds .......................................................................................................... 53 <br />Section 16. Disposition of Bond Proceeds; Refunding Plan and Procedures ............................ 55 <br />Section 17. Undertaking to Provide Ongoing Disclosure .......................................................... 58 <br />Section 18. Amendments ........................................................................................................... 59 <br />Section 19. Bond Insurance; Surety Bond ................................................................................. 61 <br />Section 20. Severability ............................................................................................................. 61 <br />Section 21. Effective Date ......................................................................................................... 62 <br />___________________________ <br />* This Table of Contents and the Cover Page are for convenience of reference and are not <br />intended to be a part of this ordinance.