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A <br /> CITY OF EVERETT, WASHINGTON <br /> WATER AND SEWER REVENUE AND REFUNDING BONDS, 1988 <br /> ORDINANCE NO. / 73 '.. $ 7 <br /> AN ORDINANCE of the City of Everett, Washington, <br /> authorizing the issuance and sale of water and <br /> sewer revenue and refunding bonds in the <br /> principal amount not to exceed $48, 000, 000 for <br /> the purpose of refunding certain of the Water <br /> and Sewer Revenue Refunding Bonds, 1985, of <br /> the City and for the purpose of providing part <br /> of the funds necessary for constructing <br /> certain capital improvements to the City' s <br /> secondary sewer treatment plant and making <br /> other additions and improvements to the water <br /> and sewer system of the City; adopting a plan <br /> for making such additions and improvements to <br /> said water and sewer system; authorizing the <br /> application and use of bond proceeds and other <br /> available moneys of the City for the acquisi- <br /> tion and safekeeping of certain Acquired <br /> Obligations for the purpose of accomplishing <br /> such refunding; authorizing the execution of <br /> an agreement with Seattle-First National Bank <br /> to serve as refunding trustee for the bonds to <br /> be refunded; providing the covenants, terms <br /> and conditions under which the bonds and <br /> future parity bonds shall be issued; and <br /> providing for the sale of the bonds to <br /> Shearson Lehman Brothers Inc . , Foster & <br /> Marshall Division, Seattle-Northwest Securi- <br /> ties Corporation and Dain Bosworth <br /> Incorporated. <br /> PASSED: /— <br /> e <br /> Prepared by: <br /> PRESTON, THORGRIMSON, ELLIS & HOLMAN <br /> Seattle, Washington <br />