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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 /> 4 <br /> Ray • .hanson, 7 ayor <br /> Attest: <br /> j(1,6 / / 0. <br /> Sharon Fuller, City Clerk <br /> Passed: 5/4/2016 <br /> Valid: 5/14/2016 <br /> Published: 5/21/2016 <br /> Effective: 5/29/2016 <br />