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"Bonds" or "Bond" means all or a portion of the City of Everett, Washington, Limited Tax <br /> General Obligation Refunding Bonds, 1995, issued pursuant to this ordinance. <br /> "Code" means the Internal Revenue Code of 1986, as amended. Any reference to a <br /> provision of the Code shall include the applicable regulations of the Department of the Treasury <br /> promulgated or proposed with respect to such provision. <br /> "Commission" means the Securities and Exchange Commission. <br /> "Council" means the City Council of the City, the general legislative body of the City, as <br /> the same shall be duly and regularly constituted from time to time. <br /> "Escrow Agreement" means the agreement between the City and the Refunding Trustee <br /> entered into pursuant to Section 14 hereof. <br /> "Finance Director" means the Director of Budget and Finance of the City, or any other <br /> officer who succeeds to the duties now delegated to that office. <br /> "Insurer" means MBIA Insurance Corporation, a stock insurance company incorporated <br /> under the laws of the State of New York. <br /> "Lease Obligations" means the outstanding lease obligations of the City marketed under <br /> issues of Certificates of Participation designated as Series 1991A, Series 1991C and Series <br /> 1992A. <br /> "MSRB" means the Municipal Securities Rulemaking Board or any successor to its <br /> functions. <br /> "NRMSIR" means a nationally recognized municipal securities information repository. <br /> "1990A Bonds" means the City of Everett, Washington Limited Tax Levy General <br /> Obligation Bonds, 1990A, issued pursuant to Ordinance No. 1739-90 of the City and presently <br /> outstanding in the principal amount of$4,660,000. <br /> "1990A Refunded Bonds" means the 1990A Bonds maturing after December 1, 2000. <br /> "Policy" means the policy of bond insurance issued with respect to the Bonds by the <br /> Insurer. <br /> -3- J:\WAMHOM acxDOC <br />