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• 4 <br /> ORDINANCE NO. 3985 <br /> AN ORDINANCE creating a Cumulative Reserve Fund for <br /> the purpose of capital improvements and acquisition of land for <br /> the Park Department of the City of Everett and declaring an <br /> 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 /> capital improvements and acquisition of land for the Park Department <br /> of the City of Everett as shall be determined by the majority votes <br /> of the Commissioners of the City of Everett. All funds budgeted <br /> or levied for such fund shall be placed in said fund and shall be <br /> used for the purpose above set forth and for no other purposes ex- <br /> cept 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. A� <br /> ic GE0. W. G777RT <br /> Mayor <br /> Attest ' <br /> ELMER . S <br /> City Clerk <br /> Passed: December 24, 1963 <br /> Published: December 26, 1963 <br />