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Section 8 : The City Treasurer of the City of Everett is <br /> hereby authorized to negotiate a reasonable rate of <br /> interest and issue interest bearing warrants to satisfy <br /> interim construction costs not to exceed $55 , 250. These <br /> interest bearing warrants shall be redeemed by the <br /> Treasurer as soon as reimbursement or long term bond <br /> financing monies, as described elsewhere in this Ordi- <br /> nance, are received. <br /> Mayor <br /> ATTEST: <br /> re' <br /> City Clerk <br /> Passed: 9/4/4 d <br /> Valid: 9/3-1/4 <br /> // <br /> Published: J/ /Erd <br />