Ordinance 713-80 - Laserfiche WebLink

than $5, 000 in any year for principal and interest on such re- funding Parity Bonds, the certificate required by subsection A(5) of this section need not be obtained. B. Nothing herein contained shall prevent the City from issuing revenue bonds or other obligations which are a charge upon the Revenue of the System junior or inferior to the payments required by this ordinance to be made out of such Revenue into the Revenue Bond Fund and Reserve Account to pay and secure the payment of any outstanding Parity Bonds. C. Nothing herein contained shall prevent the City from issuing revenue bonds to refund maturing Parity Bonds for the payment of which moneys are not otherwise available. Section 11. Lost or Destroyed Bonds . In case any Parity Bonds or any of the coupons thereof shall be lost, stolen or destroyed, the City may execute and the Treasurer of the City may deliver a new bond or bonds and a coupon or coupons of like date, number and tenor to the holder thereof upon the holder ' s paying the expenses and charges of the City in connection therewith and upon his filing with the Treasurer of the City evidence satis- factory to said Treasurer that such bond or coupons were actually lost, stolen or destroyed and of his ownership thereof, and upon furnishing the City with indemnity satisfactory to the Treasurer. Section 12. Form of' Bonds. -_The "City of Everett Water and Sewer Revenue Bonds, 1980" shall be in substantially the following form: UNITED STATES OF AMERICA No. $5, 000 STATE OF WASHINGTON CITY OF EVERETT WATER AND SEWER REVENUE BOND, 1980 The City of Everett, a municipal corporation organized and existing under and by virtue of the laws of the State of Washington (herein called the "City") , hereby acknowledges -23-