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(Added by Ordinance No. 148986; passed Dec. 26, 1979, effective Jan. 26,
1980.) The Washington County Water Supply Bonded Debt Service Sinking Fund
is hereby created. Water revenues in the form of contributions from other
water purveyors and the City of Portland shall be placed in this
Fund and expended only for duly authorized payments of principal and interest
for bonds issued for the purpose of constructing a water supply line to
Washington
County. Upon payment of all
principal and interest of said bond issue, any balance remaining in this Fund
shall be returned, on a prorated basis, to the contributors and this Fund shall
be discontinued.
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