Laserfiche WebLink
principal of and interest on any revenue bonds that the city <br /> may issue later on a parity with said outstanding September <br /> 1, 1960 and July 1 , 1963 bonds and the bonds of this issue . <br /> The City of Everett has further bound itself to maintain <br /> said sewer system in good condition and repair, to operate <br /> the same in an efficient manner and-at a reasonable cost and <br /> to establish, maintain and collect rates and charges for sanitary <br /> sewage collection and disposal service (and for water in the <br /> event the sewerage system is ever combined with the water <br /> system of the city ) for as long as any of such September 1 , <br /> 1960 and July 1, 1963 sewer revenue bonds , the bonds of this <br /> issue and any revenue bonds which may be issued later on a <br /> parity therewith are outstanding that will make available <br /> for the payment of the principal of and interest on all of <br /> such bonds as the same shall become due an amount equal to <br /> at least 1. 35 times the amount required each calendar year <br /> hereafter for the payment of all of such principal and interest <br /> after normal expenses of maintenance and operation of such <br /> system have been paid but before depreciation. <br /> It is hereby certified and declared that the bonds of <br /> this issue are issued pursuant to and in strict compliance with <br /> the Constitution and laws of the State of Washington and ordinances <br /> of the City of Everett , and that all acts , conditions and things <br /> required to be done precedent to and in the issuance of this <br /> bond have happened, been done and performed. <br /> IN WITNESS WHEREOF , the City of Everett , Washington, has <br /> caused this bond to be signed with the facsimile signature <br /> of its Mayor, to be attested by its Clerk, the corporate seal <br /> of the city to be impressed hereon , and the interest coupons <br /> 5. <br />