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L. The words "1978 Bonds" mean the $15, 400, 000 City of <br /> Everett Water and Sewer Revenue and Refunding Bonds issued under <br /> date of August 1, 1978, pursuant to Ordinance No. 536-78. <br /> M. The words "1980 Bonds" mean the $20, 000, 000 City of <br /> Everett Water and Sewer Revenue Bonds issued under the date of <br /> August 1, 1980, pursuant to Ordinance No. 713-80. <br /> N. The words "1982 Bonds" mean the $8, 570, 000 City of <br /> Everett Water and Sewer Revenue Bonds issued under date of Janu- <br /> ary 1, 1982, pursuant to Ordinance No. 831-81. <br /> O. The words "1982 Interim Financing Bonds" mean the <br /> $7, 430, 000 City of Everett Water and Sewer Revenue Interim Financ- <br /> ing Bonds issued under date of January 1, 1982, pursuant to <br /> Ordinance No. 830-81, with a lien on the Revenue of the System <br /> junior to that of the Parity Bonds. <br /> P. The words "Parity Bonds" mean the Bonds, the 1978 Bonds, <br /> the 1980 Bonds, the 1982 Bonds, and any water and sewer revenue <br /> bonds which the City may hereafter issue having a lien upon the <br /> Revenue of the System for the payment of the principal thereof and <br /> interest thereon equal to the lien upon the Revenue of the System <br /> of the Bonds. <br /> Q. The word "Project" means those additions and improve- <br /> ments to the System authorized by Section 1 of Ordinance No. <br /> 782-81 . <br /> R. The words "Refunded Bonds" mean the outstanding indebt- <br /> edness of the City under the Sultan River Project Agreement as <br /> described on page 1 of Ordinance No. 536-78, and water and sewer <br /> revenue bonds of the City issued under dates of April 1, 1963, <br /> December 1, 1965, September 1, 1960, July 1, 1963, and May 1, <br /> 1969, as described on pages 1-4 in Section 6 of Ordinance No. <br /> 536-78, full provision for the payment of which has heretofore <br /> been made. <br /> -5- WMD20 83/05/02 <br />