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(43) "Securities Depository" means DTC, any successor thereto, any substitute <br />securities depository selected by the City that is qualified under applicable laws and regulations to <br />provide the services proposed to be provided by it, or the nominee of any of the foregoing. <br />(44) "Series of the Bonds" or "Series" means a series of the Bonds issued pursuant <br />to this ordinance. <br />(45) "State" means the State of Washington. <br />(46) "State Contribution" has the meaning given in RCW 39.102.020(29). <br />(47) "System of Registration" means the system of registration for the City's bonds <br />and other obligations set forth in chapter 3.18 of the Everett Municipal Code and in this ordinance. <br />(48) "Taxable Bond" means any Bond the interest on which is not intended, as of <br />the Issue Date, to be excludable from gross income for federal income tax purposes. <br />(49) "Tax -Exempt Bonci" means any Bond the interest on which is intended on the <br />Issue Date to be excludable from gross income for federal income tax purposes. <br />(50) "Term Bond" means each Bond designated as a Term Bond and subject to <br />mandatory redemption in the years and amounts set forth in the Bond Purchase Agreement. <br />(51) "Undertaking" means the undertaking to provide continuing disclosure <br />entered into pursuant to Section 15 of this ordinance. <br />(52) "Various Purpose Bonds" means the Series of Bonds issued to provide the <br />funds to pay the costs of the Projects other than the LIFT Public Improvements. <br />(b) Rules of Interpretation. In this ordinance, unless the context otherwise requires: <br />(1) The terms "hereby," "hereof," "hereto," "herein, "hereunder" and any similar <br />terms, as used in this ordinance, refer to this ordinance as a whole and not to any particular article, <br />section, subdivision, or clause hereof. The term "hereafter" shall mean after, and the term <br />"heretofore" shall mean before, the date of this ordinance. <br />(2) Words of the masculine gender shall mean and include correlative words of <br />the feminine and neuter genders and words importing the singular number shall mean and include the <br />plural number and vice versa. <br />(3) Words importing persons shall include firms, associations, partnerships <br />(including limited partnerships), trusts, corporations and other legal entities, including public bodies, <br />as well as natural persons. <br />(4) Any headings preceding the text of the several articles and Sections of this <br />ordinance, and any table of contents or marginal notes appended to copies hereof, shall be solely for <br />convenience of reference and shall not constitute a part of this ordinance, nor shall they affect its <br />meaning, construction or effect. <br />(5) All references herein to "articles," "sections" and other subdivisions or <br />clauses are to the corresponding articles, sections, subdivisions or clauses hereof. <br />Section 3. Authorization of Bonds. The City is authorized to borrow money on the <br />credit of the City and issue negotiable limited tax general obligation improvement bonds evidencing <br />indebtedness in one or more Series in an aggregate principal amount not to exceed $ to <br />provide funds necessary to carry out the Projects, and to pay the costs of issuance and sale of the <br />Bonds. The proceeds of the Bonds allocated to paying the cost of the Projects shall be deposited as <br />