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• <br /> anc e shall become and be adopted by the city of Everett. <br /> Section 8: That if said proposition, as hereinbefore set forth, <br /> be ado -ited and ratified by the voters of the city of Everett t4* <br /> the City Council of the city of Everett is hereby and thereby auth- <br /> orized and directed to do such things and institute such promeed- <br /> ings as may be necessary to carry into effect the system or elan 110- <br /> -osed in this Ordinance. <br /> Section 9: That if said proposition p.s hereinbefore set <br /> forth, be adopted and ratified by the voters of the city of Everett <br /> the City Council of the city of Everett is hereby and thereby auth- <br /> orized to createin the treasury of the city of Everett three special <br /> funds which shall be knoan as "Everett Wat,,r System Construction <br /> *4" <br /> Fund , Everett Water System Special Revenue Bond Interest Fund No.3" <br /> and "Everett 'iater System Special Revenue Bond Fund No. &IT. Into <br /> the "Everett Water System Construction Fund shall be paid the pro— <br /> ceeds of all of the bonds sold under the provisions of this Ordin- <br /> ance and, from said fund shall be paid the entire cost and expense <br /> of making the additions, bett .rments, extensions and Lrorovements <br /> qaecified and set forth in this Ordinance from and after the date <br /> of issue of said bonds and so long thereafter as obligations are out- <br /> standing against such fund. The city treasurer of said city of Ev- <br /> erett shall set aside and pay into the "Everett Water System SpBcial <br /> Revenue Bond. Interest Fund No. S" from time to time not less than <br /> thirty (30) days prior to the respective dates on hich interest <br /> shall become due and payable, a sufficient amount out of the gnass <br /> revenues of the entire water supply system of the city of Everett <br /> now belonging to or thich may hereafter belong to said city, in- <br /> cluding the additions, betterments and extensions herein 2rovided <br /> for to pay the interest on said bonds as the same become due, and <br /> in addition thereto the city treasurer of the city of Everett shall <br /> set aside from the "Everett ater System Fund" into the "Everett ia- <br /> ' <br /> • <br />