Ordinance 2433 - Laserfiche WebLink

tunnel from the said intake to Lake Chaplain; a dam, spillway and control works for storage of water in Lake Chaplain; a pipe line from Lake Chaplain to a connection with the existing water system of the City of Everett; all necessary valves, blowoffs, tunnels, bridges, and other structures and appurtenances necessary for the construction, control and operation of said pipe line ; and such improvements to the existing water system in Everett as are necessary to make the water from this source available for domestic and industrial supply; providing all labor, materials and supplies necessary or incident to the construction of such project and also of such other miscellaneous minor additions, bet- terments, extensions and improvements as may be necessary. Section 2: That the City Council of the City of Everett does hereby specify and adopt the system or plan described in this Ordinance for making the above mentioned additions, better- ments and extensions. , 3 Section ,3: That it is proposed that the City of Everett, for the purpose of providing funds for the payment of the above mentioned additions, betterments and extensions as set forth in this Serial Ordinance, shall issue General Negotiable/Coupon Bonds of said city in the sum of $ 4 , and Special Water Revenue Fund Bonds of said city in the sum of $ 4241y-s`e the said bonds being payable as follows, to-wit : The said General Negotiable Serial Coupon Bonds in the sum of ram,®' , shall mature as hereinafter provided , be numbered from one (1 ) upward consecutively, shall bear inter- est at not to exceed the rate of six (6 ) per cent. per annum, said interest to be paid semi-annually; that the various annual maturities of said bonds shall commence with the second year af- ter the date of issue and shall, as nearly as practicable , be in such amounts as will, together with the interest on all outstand- ing bonds, be met by an equal annual tax levy for the payment of