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ORDINANCE NO. 3986 <br /> AN ORDINANCE creating a Cumulative Reserve Fund for <br /> the purpose of constructing and repairing roads, streets, alleys <br /> and sidewalks for the Street Department of the City of Everett <br /> and declaring an emergency to exist. <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: That a Cumulative Reserve Fund is hereby <br /> created pursuant to R.C.W. 35.21.070 to be used for the purpose of <br /> constructing and repairing roads, streets, alleys and sidewalks <br /> for the Street Department of the City of Everett as shall be de- <br /> termined by the majority vote of the Commissioners of the City of <br /> Everett. All funds budgeted or levied for such fund shall be placed <br /> in said fund and shall be used for the purpose above set forth and <br /> for no other purposes except as provided by law. <br /> Section 2: That an emergency is hereby declared to <br /> exist and this ordinance shall take effect upon its passage and <br /> publication. <br /> 'WZ.f <br /> Mayor <br /> Attest: <br /> , l r 6» <br /> City Clerk <br /> Passed: December 24, 1963 <br /> Published: December 26, 1963 <br />