Laserfiche WebLink
• • <br /> Section 6; If, at the election held as provided in this <br /> Ordinance, such proposition shall be adopted and assented to by <br /> three-fifths (3/5 ) of the qualified voters of said city voting at <br /> said election, thereupon the system or plan to make the additions, <br /> betterments, extensions and improvements set forth in this Ordin- <br /> ance and that the City of Everett pay for the same by the issuance <br /> and sale of bonds as set forth in this Ordinance, shall be and be- <br /> come adopted by the City of Everett. <br /> Section 7: That if said proposition as herein set forth <br /> be adopted and ratified by the voters of the City of Everett, the <br /> City Council of the City of Everett is hereby authorized and di- <br /> rected to do such things and institute such proceedings as may be <br /> necessary t o carry into effect the system or plan proposed. in <br /> this ordinance. <br /> Section 8: That if said proposition, as hereinabove set • <br /> forth, be adopted and ratified by the voters of the City of Ever- <br /> ett, the City Council of the City of Everett is hereby authorized <br /> to create in the Treasury of the City of Everett five (5 ) special <br /> funds,, which shall be known as <br /> (1 ) Everett Water System Construction Fund. <br /> ZaKat <br /> (2) Everett Water System General Obligation^ Interest Fund <br /> No. 2. <br /> (3 ) Everett Water System General Obligation Bond Fund No.2. <br /> (4 ) Everett Water System Special Revenue Bond Interest Fund <br /> No. 3. <br /> (5 ) Everett Water System Special Revenue Bond Fund No. 3. <br /> Into the Everett Water System Construction Fund shall be <br /> paid the proceeds of all of the bonds sold under the provisions <br /> of this Ordinance, and from said fund shall be paid the entire <br />