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price, not in any event to exceed the estimated cost of one million <br /> one hundred thousand (31,100,000) dollars , including the payment of <br /> the necessary engineering and legal expenses in connection with the <br /> acquiring of said system, and the issuance and sale of special water <br /> revenue fund bonds in the sum of one million one hundred thousand <br /> ($1,100,000) dollars, maturing serially in from six to twenty years„ <br /> bearing interest at a rate not exceeding six per cent per annum, pay- <br /> able by setting aside annually out of sixty per cent of the gross <br /> revenues from said water system the sum of one hundred thousand <br /> ( 100,000) dollars ; the said _bond, to bear date and to be in such form <br /> as hereafter shall be prescribed by the city council of the city of <br /> Everett, all as provided in Ordinance No./a of said city of Ever- <br /> ett". <br /> The two propositions above set forth shall be printed on <br /> a single sheet, and opposite to and to the right of each statement <br /> of the proposition to be voted upon there shall be printed a blank <br /> square, within which the voter shall signify by making a cross CO <br /> whether he votes in favor of or against the proposition submitted. <br /> Section 6: If, at the election held, as provided in this <br /> ordinance, a majority of the qualified voters of the city of Averett <br /> voting at said election upon the proposition hereinbefore in this <br /> ordinance set forth, shall vote in favor of said proposition, there« <br /> upon, the system or plan to acquire the water system now being used <br /> for the purpose of supplying the city of . verett and its inhabitants <br /> with water, as the same is set out and described in Section 1 of this <br /> ordinance, by purchase or condemnation, at the best obtainable price, <br /> not in any event to exceed the sum of one/million one hundred thous <br /> and ( 1,100,000) dollars, including all engineering and legal expens- <br /> es necessarily to be incurred in acquiring the same, all as des►» <br /> cribed in Section 1 of this ordinance, and that the city of . verett <br /> pay for the same by the issuance of special water revenue fund bonds, <br /> as provided in ;section 3 of this ordinance, shall be and become <br /> adopted by the city of Everett. <br /> Section 7: That if said prapos:tt obi as hereinbefore set <br /> forth, be adopted and ratified by the voters of the city of Averett, <br /> the city council of the city of . verett is hereby authorized and <br /> directed to enter into negotiations with said Averett Railway, Light <br />