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40 - 40 <br /> • <br /> CITY OY WaRlITT Dela ORDAIN : <br /> 'elation I : That the ”ayer and i ty Clerk of the <br /> City of e,verett be, and they are hereby authorized and directed <br /> 1 to ioeue ,Apecial ,ater Aevenue Yund eionds of said Averett in the <br /> 2 sum of -350*(100.00 *bearing interest at the rate of five and one- <br /> 3 quarter or cent (5t4) per annumepuyable semi-annually* evidenced <br /> 4 by intlreat eieepaess eeid bonds to be of the denominaticm of Pies <br /> 5 eundred ($500.00) Dollars each end to be numbered consecutiYelY <br /> 6 from one to sevenehundred (1.700)* both numbers ieclunive mnd to <br /> 7 be dated 2archolele23. The said bonds to be payable out of the <br /> 8 " Iverett -*ter ystem neecial tevenue Bond Pond Ve.2 ". The <br /> 9 maid interest on snid bonds to be payeble out of the * Iverett <br /> 10 eater eystem npecial Aevenue eond Interest Yund Boa ". The <br /> 11 aaid bonds shall be elyrIble as follows: <br /> 12 <br /> Ponds o I to 140 Inc. anall matuee eleven years from date of issue <br /> 13 141 " 280 4 " twelve " 4 <br /> 281 l 420 '4 4 thirteen ' 0 4 4 <br /> 14 3 (4 421 " 560 .$ feerteen 444 4 <br /> 561 4 700 " 1 9 fifteen " it 0 ft <br /> 15 <br /> 16 ecti on 2 : That there be and hereby are created in <br /> 17 the ereenury of the City of everett two epecial funds which shall <br /> 18 be known as w AVerett ater eystem 3pecial Aevenue ':end Yund <br /> 19 r0.2 " ' and " everett eater : yst peeial evenue rend Interest <br /> 20 Fund Z:10.2 " and that there shall be payments into each of said <br /> 21 funds and out of each of said funds according to all of the <br /> 22 ter and erovielons of lection 9 of erdinence No,2045 of the <br /> 23 City of '''';vorette authorizing the creation of said funds. <br /> 24 <br /> eection 3 : That said 3peoial ater evenue ',Und <br /> 25 <br /> hereby authorized to be issued Shell be in sebstentiolly <br /> 26 <br /> to following form: <br /> 27 <br /> 28 <br /> 29 <br /> 30 <br /> 31 <br />