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• <br /> the Warrant Fund moneys sufficient to pay the principal of and <br /> interest on the then outstanding Warrants and will immediately <br /> apply said moneys to the payment of such Warrants in accordance <br /> with their terms . <br /> Section 6. The Warrants shall be signed on behalf of the <br /> City by its Mayor and City Clerk (one of which signatures may be a <br /> facsimile) , shall have the seal of the City impressed thereon and <br /> shall be in substantially the following form: <br /> CITY OF EVERETT, WASHINGTON <br /> WATER AND SEWER REVENUE WARRANT NO. <br /> To the City Treasurer, City of Everett, Washington, <br /> on , out of the Water and Sewer <br /> Revenue Warrant Fund (#224) created by Ordinance No. . <br /> of the City, pay to the order of <br /> the sum of : <br /> Interest $ <br /> • <br /> Total $ <br /> This warrant bears interest from date of registration <br /> until maturity or prior redemption, at the rate of % <br /> per annum, upon presentation at the office of the City <br /> Treasurer, Everett, Washington. <br /> Registered this day of , 19 <br /> Al <br /> City Clerk Mayor <br /> (SEAL) <br /> Section 7. The Warrants shall be issued, from time to time, <br /> • <br /> in such aggregate amounts as are determined by the City Treasurer <br /> to be required (together with funds on hand in the Project Funds) <br /> to provide funds to pay the costs of the Project which are included <br /> in the City budget and for the payment of which costs anticipated <br /> grants, revenue bond proceeds or other moneys have not yet been <br /> received. Warrants to be so issued shall be sold by the City <br /> • <br /> Treasurer at negotiated sale at a price of par. In determining <br /> whether to accept any bid or proposal for the purchase of Warrants, <br /> the City Treasurer shall consider the current status of the market <br /> -4- <br />