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1 by the City, subject however to any outstanding indebtedness, bonded or otherwise, of <br /> 2 the District payable from taxes, assessments or revenues of any kind or nature and to <br /> 3 other contractual obligations of the District. <br /> 4 Section 3: The City of Everett hereby assumes the obligation of paying such <br /> 5 District indebtedness and shall levy and cause to be collected such District taxes, <br /> 6 assessments and utility rates and charges of any kind or nature to pay and secure the <br /> 7 payment of such indebtedness according to all the terms and conditions and covenants <br /> 8 incident to such indebtedness and shall assume and perform all outstanding contractual <br /> 9 obligations of the District in accordance with the terms, conditions and covenants <br /> 10 thereof. During the period until the outstanding indebtedness of the District has been <br /> 11 discharged, the territory of the District and the owners and occupants and property <br /> 12 therein shall continue to be liable for its and their proportionate share of such <br /> 13 indebtedness, including any outstanding assessments levied with any local improvement <br /> 14 district or utility local improvement district thereof. The City assumes the obligation <br /> 15 of causing the payment of such indebtedness, collecting such taxes, assessments and <br /> 16 charges and serving and performing the other District contractual obligations. <br /> 17 Section 4: The City Council of the City of Everett shall act as the officers of <br /> 18 the Mukilteo Water District for the purpose of certifying the amount of any property <br /> 19 tax to be levied and collected therein and causing service and other charges and <br /> 20 assessments to be collected from such property owners or occupants thereof, enforcing <br /> 21 such collection and performing all other acts necessary to insure performance of the <br /> 22 District's contractual obligations in the same manner and by the same means as if the <br /> 23 territory of the District had not been included in the boundaries of the City of Everett. <br /> 24 Section 5: If property taxes or assessments have been levied and service and <br /> 25 other charges have been accrued for such purpose but have not been collected by the <br /> 26 District prior to the effective date of this ordinance, the same when collected shall <br /> 27 belong and be paid to the City of Everett and used by the City so far as necessary for <br /> 28 payment of the indebtedness of the District existing and unpaid on the effective date <br /> 29 hereof. Any funds received by the City of Everett which have been collected for the <br /> 30 purpose of paying any bonded or other indebtedness of the District shall be used for the <br /> 31 purpose for which they were collected and for no other purpose. Any outstanding <br /> 32 -2- <br />