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Section 7 .- There is hereby created a special fund to <br /> be called the "Everett General Water Fond Fund, " into which shall <br /> be paid the proceeds of the tax hereinabove mentioned in Section <br /> 4, and which fund is to be drawn upon for the sole purpose of pay- <br /> ing the principal and interest of the bonds authorized by said -Or- <br /> dinance ITO. 1662, by the voters of said Everett at said special elec- <br /> t i o n of August 24, 1915. <br /> Section 8.- An emergency is declared to exist and <br /> this Ordinance shall take effect from and after its passage and <br /> publication. <br /> r f <br /> Attest: R' a <br /> City Clerk. <br /> (SEAL) <br /> Passed_ ,__ _ <br /> Published 1916 <br /> -6- <br />