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• <br /> • <br /> That all funds now in or hereafter transferred to the Cumulative Reserve <br /> Fund created under Ordinance No. 3506 shall be merged into the <br /> Cumulative Reserve Fund for Tort Claims and Insurance. Said funds <br /> shall be expended for the payment of claims and judgments against the <br /> City of Everett arising out of torts and costs and expenses related thereto <br /> and payment of liability and casualty insurance premiums upon the <br /> direction of the City Council of the City of Everett, as provided through the <br /> budget process. <br /> Section 3: Effective Date <br /> This ordinance shall take effect on January 1, 1995. <br /> Section 4: Conflicting Provisions <br /> Any provision of any other ordinance which conflicts with any provision of this <br /> ordinance shall be deemed null and void and without any effect, to the extent that it <br /> conflicts with the provisions of this ordinance. <br /> ,rte <br /> • I D. • NSEN, Mayor <br /> ATTEST: <br /> 1 )0AA t• <br /> "CITY CLERK <br /> Passed: 1/ <br /> Valid: ///��L� <br /> Published: /001/7 <br /> CumResve.ord.cms <br /> 2 <br />