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CITY OF EVERETT <br /> ORDINANCE NO. <br /> TABLE OF CONTENTS* <br /> Page <br /> Section 1. Definitions 4 <br /> Section 2. Compliance with Parity Conditions 21 <br /> Section 3. Authorization of Bonds and Bond Details 22 <br /> Section 4. Registration, Exchange and Payments 23 <br /> Section 5. Redemption; Purchase of Bonds 28 <br /> Section 6. Revenue Fund; Priority of Payments from Revenue Fund; Coverage <br /> Stabilization Account 31 <br /> Section 7. Payments into Revenue Bond Fund 33 <br /> Section 8. Bond Covenants 38 <br /> Section 9. Issuance of Future Parity Bonds 43 <br /> Section 10. Tax Covenants 46 <br /> Section 11. Form of Bonds 49 <br /> Section 12. Execution of Bonds 51 <br /> Section 13. Defeasance 52 <br /> Section 14. Lost, Stolen or Destroyed Bonds 53 <br /> Section 15. Sale of Bonds 53 <br /> Section 16. Disposition of Bond Proceeds; Refunding Plan and Procedures 55 <br /> Section 17. Undertaking to Provide Ongoing Disclosure 58 <br /> Section 18. Amendments 58 <br /> Section 19. Severability 60 <br /> Section 20. Effective Date 61 <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:\20287 CM1M20287 BN9 16/10/11 <br />