CB 120199: AN ORDINANCE relating to the municipal water system of The City of Seattle; adopting a system or plan of additions and betterments to and extensions of the existing municipal water system; authorizing the issuance and sale of water system revenue bonds in one or more series for the purposes of paying part of the cost of carrying out that system or plan, providing for the reserve requirement, and paying the costs of issuance of the bonds; providing parameters for the bond sale terms including conditions, covenants, and other sale terms; describing the lien of the bonds; creating certain accounts of the City relating to the bonds; amending certain definitions set forth in Ordinance 125714, the Omnibus Refunding Ordinance; authorizing the issuance of water system refunding revenue bonds; and ratifying and confirming certain prior acts.
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