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as herein provided, to be applied to the payment of principal and <br /> interest on such bonds herein authorized, until such bonds have <br /> 1 been paid in full . <br /> 2 Section 6 : There is hereby created in the treasury of Everett, <br /> 3 a special fund to be known as the "Municipal Light and Power System <br /> 4 Fund." Into said fund shall be paid the proceeds of the sale of <br /> 5 the bonds herein provided for, together with all premiums or int- <br /> 6 erest received thereon or therefrom, together with the gross rev- <br /> 7 enues of the said Electric Light and. Power System including a fair <br /> 8 charge for all electricity used for municipal purposes, and all <br /> 9 interest accruing from the deposit or investment thereof , together <br /> 10 with such other funds as the city acting through its proper off- <br /> 11 leers may see fit to transfer thereto , and from said fund there <br /> 12 shall be paid the entire cost of acquiring, constructing, maintain- <br /> 13 ing and operating said Light and Power System and the whole thereof <br /> 14 as specified and set forth in this Ordinance, and the payments which <br /> 15 this Ordinance provides shall be made into the "Municipal Light and <br /> 16 Power Bond Fund" . <br /> 17 Section 7 : That a special election shall be and is hereby <br /> 18 called, to be held in the City of Everett, on the 25th day of May, <br /> 19 1920 , in the various election precincts into which the city is <br /> 20 divided, for the purpose of voting thereat by the Qualified elect- <br /> 21 ors of said city upon the proposition of the ratification of or <br /> 22 rejection of the system or plan in this ordinance proposed, for <br /> 23 acquiring a light, heat, fuel and power system for the city of <br /> 24 Everett with all necessary hydro-electric plants or other source of <br /> 25 supply including transmission lines and for the issuance of bonds <br /> 26 to provide for the payment therefor, as in this ordinance proposed. <br /> 27 Said election shall be held and conducted as prescribed by law, at <br /> 28 the various voting places in said city of Everett , and shall be <br /> 29 conducted by the officers of election, who shall be designated <br /> 30 and appointed as provided by law for holding and conducting said <br /> 31 election, and the city clerk shall give at least ten dayst notice <br /> of the time and Place, and the purpose of said election, and of the <br /> -9- <br />