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Section 5: The City Treasurer of the City of Everett is hereby authorized to negotiate a <br />reasonable rate of interest and obtain temporary financing to satisfy interim construction <br />costs. Temporary financing shall be redeemed as soon as reimbursement is received. <br />Section 6: Severability. If any provision of this ordinance shall be declared <br />unconstitutional or invalid by any court of competent jurisdiction, it shall be conclusively <br />presumed that this ordinance would have been enacted without the provision so held <br />unconstitutional or invalid and the remainder of this ordinance shall not be affected as a <br />result of said part being unconstitutional or invalid. <br />CITY OF EVERETT <br />Ray S hanson, Mayor <br />ATTEST: <br />Sharon Marks, City Clerk <br />Passed: 11-23-05 <br />Valid: 11-23-05 <br />Published: 12-01-05 <br />