Ordinance 15-69 - Laserfiche WebLink

r . (c) The term "System" shall mean the existing sewerage system of the city as the same will be added to, improved and extended as authorized and provided in this ordinance and as the same may be added to , improved and extended for as long as any of the Outstanding Parity Bonds , the Bonds and any Parity Revenue Bonds (hereinafter defined) are outstanding, which additions , improvements and extensions shall include the water system of the city should such sewerage system ever be combined with such water system. (d) The term "Sewer Revenue Fund" shall mean that certain fund of the city of that name created by Section 5 of Ordinance No . 3731, which section provides as follows : "Section 5 . ' CREATION OF SEWER REVENUE FUND. That there be and is hereby created a special fund of the city to be known as the 'Sewer Revenue Fund. ' Any and all connection charges and revenues received for the use of sewers as set forth herein, for sewage disposal service , from the sale of by-products from the sewer treatment plant or from any other source of rental , use or services rendered by such utility shall be credited to and paid into such fund. All engineering expenses incurred by the Engineering Department in planning, designing, supervising and administering any work on the Everett Municipal Sewer System, and all expenses of maintenance and operation of the Sewer System and Sewer Department , including but not limited to all improvements , additions , betterments , extensions , repairs , replacements , except when the same are financed by the issuance of bonds , and amounts required to pay and secure the payment of principal and interest on sewer revenue bonds and coupon warrants , shall be paid out of said fund . " (e) The term "Bond Redemption Fund" shall mean the Everett Sewer Revenue Bond created by Section 7 of Ordinance No. 3768 for the purpose of paying and securing the payment of the principal of and interest on the Outstanding Parity Bonds , the Bonds and any Parity Revenue Bonds . (f) The term "Reserve Account" shall mean the account of that name created in the Bond Redemption Fund by Section 8 of Ordinance No . 3768. (g) The term "Parity Revenue Bonds" shall mean any revenue bonds of the city other than the Outstanding Parity Bonds and the 3.