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• <br /> • <br /> The City hereby obligates and binds itself to set aside and <br /> pay into the Warrant Fund out of the Gross Earnings and Revenue <br /> of the Golf Courses legally available therefor, amounts sufficient, <br /> together with other available funds , to pay the principal of and <br /> interest on all outstanding Warrants as the same becomes due. <br /> The City hereby covenants that it will make charges for the <br /> use of the Golf Courses in amounts sufficient, with other moneys <br /> of the City, if any, legally available and specifically set aside <br /> for such purpose, to pay the principal of and interest on the then <br /> outstanding Warrants as the same becomes due. <br /> SECTION VI <br /> The Warrants shall be signed on behalf of the City by its <br /> Mayor and City Clerk (which signatures may be facsimiles) and <br /> shall be in substantially the following form: <br /> CITY OF EVERETT, WASHINGTON <br /> Date: Revenue Warrant No. <br /> To the City Treasurer, City of Everett, Washington, <br /> on , out of the Golf Course Revenue <br /> Warrant Fund created by Ordinance No. of the <br /> City, pay to the order of <br /> the sum of : <br /> Interest $ <br /> Total $ <br /> This warrant bears interest at the rate of % per <br /> annum. <br /> Registered this day of , 19 <br /> City Clerk Mayor <br /> SECTION VII <br /> The Warrants shall be issued and sold to Olympic Bank pursuant <br /> to its offer to purchase the Warrants dated _ - <br /> Said offer is hereby accepted and confirmed. <br /> The appropriate City officials are hereby authorized and <br /> directed to do everything necessary for the issuance and sale of <br /> -4- <br />