Ordinance 850.82 - Laserfiche WebLink

hereon in lawful money of the United States of America, said amount being the interest due that date on its Limited Tax Levy General Obligation Bond, Series 1982 , dated June 1 , 1982, and numbered CITY OF EVERETT, WASHINGTON By Mayor ATTEST• City Clerk Section 5. Execution of Bonds. The Bonds shall be signed on behalf of the City by the signatures of the Mayor and the City Clerk (one of which may be a facsimile) and shall have the official seal of the City imprinted or impressed thereon. Each of the interest coupons attached thereto shall be signed with the facsimile signatures of said officials. Section 6. Application of Proceeds of Bonds. There has heretofore been created a special fund of the City known as the "Fire Station #6 Construction Fund" (the "Construction Fund") . All moneys available for payment of the costs of the Project, including the proceeds of the sale of the Bonds, shall be paid into such Construction Fund, and moneys in such Fund shall be used solely for the purpose of paying for the costs of the Project. In the event any funds or accounts of the City have advanced money, or any other moneys have been advanced, to pay any part or all of the costs of the Project, such funds or accounts or moneys may be repaid out of the Construction Fund. Any proceeds of the Bonds remaining in said Fund after all costs (including all financing and other incidental costs) have been paid, may be used to pay the costs of other properly author- ized improvements to the Project. Proceeds of the Bonds on hand in the Construction Fund may be invested in any investments permitted by law. All income derived from the investment of such proceeds shall be deposited in the Construction Fund. -4-