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CITY OF EVERETT <br />ORDINANCE NO. <br />TABLE OF CONTENTS* <br />Page <br />Section1. Definitions................................................................................................................ 2 <br />Section 2. <br />Compliance with Parity Conditions........................................................................19 <br />Section 3. <br />Authorization of Projects; ....................................................................................... <br />20 <br />Section 4. <br />Authorization of Bonds and Bond Details..............................................................22 <br />Section 5. <br />Registration, Exchange and Payments....................................................................22 <br />Section 6. <br />Redemption; Purchase of Bonds.............................................................................27 <br />Section 7. <br />Revenue Fund; Priority of Payments from Revenue Fund; Coverage <br />StabilizationAccount.............................................................................................31 <br />Section 8. <br />Payments into Revenue Bond Fund........................................................................33 <br />Section9. <br />Bond Covenants......................................................................................................38 <br />Section 10. <br />Issuance of Future Parity Bonds.............................................................................43 <br />Section 11. <br />Tax Covenants........................................................................................................ <br />46 <br />Section12. <br />Form of Bonds........................................................................................................49 <br />Section 13. <br />Execution of Bonds................................................................................................ <br />51 <br />Section14. <br />Defeasance..............................................................................................................52 <br />Section 15. <br />Lost, Stolen or Destroyed Bonds............................................................................53 <br />Section16. <br />Sale of Bonds..........................................................................................................53 <br />Section 17. <br />Disposition of Bond Proceeds................................................................................ <br />55 <br />Section 18. <br />Undertaking to Provide Ongoing Disclosure.......................................................... <br />55 <br />Section19. <br />Amendments...........................................................................................................56 <br />Section20. <br />Severability.............................................................................................................58 <br />Section21. <br />Effective Date......................................................................................................... <br />58 <br />* This Table of Contents and the Cover Page are for convenience of reference <br />and are not <br />intended to be <br />a part of this ordinance. <br />-1- P \20287 CMWM20287 B32 15/09/09 <br />