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C. This appropriation shall not lapse, but shall be carried forward from year to year until <br /> fully expended or the purpose has been accomplished or abandoned without the <br /> necessity of reappropriation. <br /> Section 5: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable rate of interest <br /> and obtain temporary financing to satisfy interim construction costs. Temporary financing shall be <br /> redeemed as soon as reimbursement is received. <br /> Section 6: Severability. <br /> If any provision of this ordinance shall be declared unconstitutional or invalid by any court of <br /> competent jurisdiction, it shall be conclusively presumed that this ordinance would have been enacted <br /> without the provision so held unconstitutional or invalid and the remainder of this ordinance shall not <br /> be affected as a result of said part being unconstitutional or invalid. <br /> riffliff <br /> RAY S it HANS I , Mayor <br /> ATTEST: <br /> 411/ <br /> C TY CLERK <br /> Passed: 03/05/08 <br /> Valid: 03/05/08 <br /> Published: 03/10/08 <br /> Effective: 0 3/21/0 8 <br /> gVwo3322 <br />