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CITY OF EVERETT <br /> ORDINANCE NO. <br /> TABLE OF CONTENTS* <br /> Page <br /> Section 1. Definitions 3 <br /> Section 2. Compliance with Parity Conditions 21 <br /> Section 3. Authorization of Projects; 23 <br /> Section 4. Authorization of Bonds and Bond Details 24 <br /> Section 5. Registration, Exchange and Payments 25 <br /> Section 6. Redemption; Purchase of Bonds 30 <br /> Section 7. Revenue Fund; Priority of Payments from Revenue Fund; Coverage <br /> Stabilization Account 33 <br /> Section 8. Payments into Revenue Bond Fund 36 <br /> Section 9. Bond Covenants 41 <br /> Section 10. Issuance of Future Parity Bonds 46 <br /> Section 11. Tax Covenants 53 <br /> Section 12. Form of Bonds 56 <br /> Section 13. Execution of Bonds 59 <br /> Section 14. Defeasance 59 <br /> Section 15. Lost, Stolen or Destroyed Bonds 60 <br /> Section 16. Sale of Bonds 60 <br /> Section 17. Disposition of Bond Proceeds; Refunding Procedures 62 <br /> Section 18. Bond Insurance; Surety Bond 64 <br /> Section 19. Undertaking to Provide Ongoing Disclosure 64 <br /> Section 20. Amendments 64 <br /> Section 21. Severability 66 <br /> Section 22. Effective Date 67 <br /> * This Table of Contents and the Cover Page are for convenience of reference and are not <br /> intended to be a part of this Ordinance. <br /> -1- P:120287 CM1M20287 880 09/03/25 <br />