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1 The excise taxes here in this chapter levied shall be separately designated <br /> and identified on each taxpayer's regular City utility billing as a tax to <br /> 2 be used solely for the operation, maintenance, and capital needs of the <br /> Everett Transit System, and shall be otherwise billed, collected, and <br /> 3 accounted for substantially at the same time and in the same manner as <br /> services for other City public utilities, including the right of civil suit <br /> 4 for the collection thereof as a debt. <br /> 5 All proceeds from such transit subsidy excise taxes and all revenues from the <br /> transit system shall be forthwith paid into a fund hereby established and <br /> 6 designated as the 'Transit Fund. ' Money so received and deposited in said <br /> fund shall be used only for the operation, maintenance, and capital needs of <br /> 7 public transportation for the City of Everett. If the City shall cease <br /> operation of a transit system, the tax herein imposed shall be deemed re- <br /> 8 scinded as soon as all transit obligations have been met. In addition to the <br /> right of civil suit for collection of debt, it shall be unlawful for any <br /> 9 person served by and billed for any water system to refuse to pay the transit <br /> subsidy excise taxes herein required. <br /> 10 <br /> 11 Section 2: That an emergency is hereby declared to exist and this ordinance <br /> 12 becomes effective upon becoming valid. <br /> 13 <br /> 14 <br /> r <br /> 15i�- <br /> MAYOR (4-0 <br /> 16 <br /> 17 <br /> 18 ATTEST: <br /> 19 <br /> 20 <br /> CITY CLERK <br /> 21 <br /> 22 Passed: /R/5/75- <br /> 23 <br /> Valid: A-/.)'�7 y <br /> Published: <br /> 24 <br /> 25 <br /> 26 <br /> 27 <br /> 28 <br /> 29 <br /> 30 <br /> 31 <br /> 32 <br />