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'! <br /> l <br /> � J <br /> ORDINANCE NO. „5-9 7 <br /> AN ORDINANCE amending Ordinance 458-77 , <br /> Pavement Marking Program, Fund 316 , by <br /> adding Section 6 authorizing the City <br /> Treasurer to issue interest bearing <br /> construction warrants. <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1 : That Ordinance 458-77 is hereby amended by <br /> adding Section 6 as follows : <br /> Section 6 : The City Treasurer of the City <br /> of Everett is hereby authorized to negotiate <br /> a reasonable rate of interest and issue <br /> interest bearing warrants to satisfy interim <br /> construction costs not to exceed $277, 070. 00. <br /> These interest bearing warrants shall be redeemed <br /> by the Treasurer as soon as reimbursement or <br /> long term bond financing monies , as described <br /> elsewhere in this Ordinance, are received. <br /> CITY OF EVERETT <br /> Mayor <br /> ATTEST: 410"!.---et—t---"Ce..)91--e)c-A----e---e---e—c-- <br /> City Clerk <br /> PASSED: a/G2Aiic / 2? <br /> VALID: <br /> VALID: a/0Lc( 34 /979 <br /> PUBLISHED: `ma 3, /97y\ <br />