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ORDINANCE NO. 1139-85
<br /> AN ORDINANCE of the City of Everett, Washington,
<br /> authorizing the issuance and sale of water and
<br /> sewer revenue refunding bonds in the principal
<br /> amount of $46, 730, 000 for the purpose of
<br /> refunding the Water and Sewer Revenue
<br /> Refunding Bonds, 1978, of the City, the
<br /> Water and Sewer Revenue Bonds, 1980, of the
<br /> City, the Water and Sewer Revenue Bonds,
<br /> 1982, of the City, and the Water and Sewer
<br /> Revenue and Refunding Bonds, 1983 , of the
<br /> City; authorizing the application and use of
<br /> other available moneys of the City and the
<br /> acquisition and safekeeping of certain
<br /> Acquired Obligations for the purpose of
<br /> accomplishing such refunding; authorizing the
<br /> execution of an agreement with Peoples
<br /> National Bank of Washington to serve as
<br /> refunding trustee for the bonds to be
<br /> refunded; providing the covenants, terms and
<br /> conditions under which the refunding bonds and
<br /> future parity bonds shall be issued; and
<br /> providing for the sale of the refunding bonds
<br /> to Seattle-Northwest Securities Corporation
<br /> and Drexel Burnham Lambert, Kirchner Moore &
<br /> Co. Subsidiary.
<br /> WHEREAS, the City of Everett, Washington (the "City" ) , has
<br /> heretofore, by Ordinance No. 536-78, passed on August 9, 1978,
<br /> combined its water supply and distribution and sewage collection
<br /> and treatment systems; and
<br /> WHEREAS, the City, pursuant to Ordinance No . 536-78, passed
<br /> on August 9, 1978, issued and sold its $15, 480, 000 water and sewer
<br /> revenue and refunding bonds under date of August 1, 1978 (the
<br /> "1978 Bonds" ) , which bonds are outstanding in the aggregate
<br /> principal amount of $15, 325, 000; and
<br /> WHEREAS, the City, pursuant to Ordinance No. 713-80, passed
<br /> on July 23, 1980, issued and sold its $20, 000, 000 water and sewer
<br /> revenue bonds under date of August 1, 1980 (the "1980 Bonds" ) ,
<br /> which bonds are outstanding in the aggregate principal amount of
<br /> $17,200, 000; and
<br /> WHEREAS, the City, pursuant to Ordinance No. 830-81, passed
<br /> on December 30, 1981, issued and sold its $8, 750, 000 water and
<br />
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