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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.3,: anson, 'ayor <br /> Attest: <br /> / <br /> Sharon Fuller, City Clerk <br /> Passed: 2/24/2016 <br /> Valid: 3/01/2016 <br /> Published: 3/08/2016 <br /> Effective : 3/16/2016 <br />