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TABLE OF CONTENTS* <br /> PAGE <br /> Recitals 1 <br /> Section 1. Definitions 2 <br /> Section 2. Plan of Additions to System 5 <br /> Section 3. Issuance of the City of Everett Water and <br /> Sewer Revenue Bonds, 1981 6 <br /> Section 4. Redemption Prior to Maturity 7 <br /> Section 5. Priority of Payments from Water and Sewer <br /> Revenue Fund 9 <br /> Section 6. Payments into Revenue Bond Fund 10 <br /> Section 7. Provision for Defeasance of the Bonds . 16 <br /> Section 8. Application of Proceeds of Sale of the <br /> Bonds 17 <br /> Section 9. Bond Covenants 17 <br /> Section 10. Issuance of Future Parity Bonds 22 <br /> Section 11. Lost or Destroyed Bonds 26 <br /> Section 12. Form of Bonds 26 <br /> Section 13. Execution of Bonds 31 <br /> Section 14. Sale of Bonds 31 <br /> Section 15. Amendments 32 <br /> Section 16. Severability 34 <br /> Section 17. General Authorization 34 <br /> Section 18. Not Arbitrage Bonds; Not Industrial <br /> Development Bonds 34 <br /> Section 19. Effective Date 35 <br /> * This Table of Contents is not a part <br /> of the Ordinance. <br />