Ordinance 941-83 - Laserfiche WebLink

, S. The words "Reserve ' Account" mean the Bond Reserve Account created in the Revenue Bond Fund by Section 7 of Ordinance No. 536-78. T. The words "Revenue Bond Fund" mean the 1978 City of Everett Water and Sewer Revenue Bond Fund created in the office of the Treasurer of the City by Section 7 of Ordinance No. 536-78. U. The words "Revenue Fund" mean the Water and Sewer Revenue Fund of the City created by Section 6 of Ordinance No. 536-78. V. The words "Revenue of the System" mean all earnings, revenue and moneys received by the City from or on account of the operation of the System, including the income from investments of money in the Revenue Fund and the Revenue Bond Fund or from any other investment thereof except the income from investments irrevocably pledged to the payment of the Refunded Bonds or any other water and sewer revenue bonds pursuant to a plan of retire- ment or refunding. The words "Revenue of the System" shall also include any federal or state reimbursements of operating expenses to the extent such expenses are included as Costs of Maintenance and Operation of the System. W. The words "Sinking Fund Account" mean any account created in the Revenue Bond Fund to amortize the principal of Term Bonds. X. The word "System" means the sanitary sewage collection and treatment system of the City, including facilities for the collection and disposal of storm water runoff, as it now exists and as it may later be added to, extended and improved, and the existing water supply and distribution system of the City, includ- ing the interest of the City in the water supply facilities constructed by Public Utility District No. 1 of Snohomish County pursuant to the Sultan River Project Agreement, as it now exists -6- WMD20 83/05/02