Laserfiche WebLink
thereupon the system or plan to make the additions,. betterments, <br /> extensions and improvements set forth in Section 2 of this Ordinance <br /> and that the City of ='-'verett pay for the sane by the issuance of <br /> Special "Water revenue Fund Bonds as provided in Section 4 of this <br /> 2 Ordinance shall be and become adopted by the City of Everett, <br /> Section 8 : That if said proposition as herein- <br /> 3 <br /> before set forth be adopted and ratified by the voters of the city <br /> 5 of Everett, the city council of the city of Everett is hereby <br /> 6 ! authorized and directed to do such things and institute such pro- <br /> ceedings as may be necessary to carry into effect the system or plan <br /> 8 proposed in this Ordinance. <br /> 9 Section 9 : That if the said proposition, as <br /> 101 hereinbefore set forth be adopted and ratified by the voters of the <br /> 11 ! city of Everett, the city Council of the city of Everett is hereby <br /> 12 , <br /> authorized to create in the Treasury of the city of Everett, three <br /> 13 special funds which shall be known as " Everett Water System <br /> 14 <br /> Construction Fund " , "Everett Water System Special Revenue Bond <br /> Interest Fund No.2" and " Everett Water system special tievenue _cond ' <br /> iB <br /> 16 <br /> _build No.2" . Into the"Everett Rater system construction fund shall <br /> 171 be 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 cost <br /> 19 and expense of making the additions, betterments, extensions and <br /> improvements specified and set forth in this Ordinance from and after <br /> 20 <br /> the date of issue of such bonds and so long thereafter as obligations <br /> 21 <br /> are outstanding against such fund . The city Treasurer of said city <br /> 22 <br /> of .cveretttshali set aside and pay into the " Everett Water System <br /> 23 j <br /> Special Revenue Bond Interest :Fund ?NTo.2 " from time to time not less <br /> 24 <br /> than thirty ( 30) days prior to the respective dates on which interest <br /> 25 <br /> sufficient amount shall 'become due and payable a nt out of the gross <br /> 26 . <br /> 27 revenues of the entire water xx. t supply system of the city of <br /> Everett now belonging to or which may hereafter belong to said city, <br /> 23 <br /> 29 <br /> 30 ..�.. <br /> 31 <br />