Ordinance 2870-05 - Laserfiche WebLink

pursuant to a plan of retirement or refunding. The words Revenue of the System shall also include any federal or state reimbursements of operating expenses to the extent such expenses are included as Costs of Maintenance and Operation of the System. Rule means the Securities and Exchange Commission's Rule 15c2-12 under the Securities Exchange Act of 1934. SID means a state information depository for the State of Washington (if one is created). Sinking Fund Account means any account created in the Revenue Bond Fund to amortize the principal of Term Bonds. System means the sanitary sewage collection and treatment system of the City, including facilities for the collection and disposal of storm water runoff, as it now exists and as it may later be added to, extended and improved, and the existing water supply and distribution system of the City, including the interest of the City in the water supply facilities constructed by Public Utility District No. 1 of Snohomish County pursuant to the Sultan River Project Agreement, as it now exists and as it may later be added to, extended and improved, for as long as the Bonds remain outstanding. Term Bonds mean any Parity Bonds identified as such in the ordinance or ordinance authorizing the issuance thereof or in the bond purchase contract related thereto, the payment of which is provided for by a requirement for mandatory deposits of money into a Sinking Fund Account in the Revenue Bond Fund. 2002 Bonds means the City's outstanding Water and Sewer Revenue Refunding Bonds, 2002, issued under date of June 1, 2002, pursuant to Ordinance No. 2607-02. 2003 Bonds means the City's outstanding Water and Sewer Revenue and Refunding Bonds, 2003, issued under date of May 15, 2003, pursuant to Ordinance No. 2690-03. -9- P:\CMW\CMW6WH 09/06/05