HomeMy WebLinkAbout0240_0055(8) To establish and maintain the said aSPWUL XLECTRIC
LITIM RZTLsIX BOND Fes" I and
(3) To Val all outstandieg JAdabtsdness kPinst its said
eleetrio light plant and power systent other than the said bands,
as and vken the same beoomes &s•
AIW funds "mainiza on bKZ4 , after pNOTisinn for the raintaw-
¬ and operating expenses of the elestrie light plant and power
systenq and atter paying the amount required to to paid thrash
the Trustee into the 'SFRCUI. SUCTRIC LIMT Rei M BOND 1NDOO
as above pxovidtd, my be wed by the City fres ate► other purtose
permitted by law.
SECTION 8z IM IT FMTECR ORpAIM BY THS CITY COMM CI'
THE CITIf CF GZQRGZTOsF# TMSs
fbia Magor, City Secretary and City Treasurer are hereby ins-
tauoted aid direeted to do any and all things necessary in refer-
enes to the installing and maintaining of a oomple to system of
records and *&**unto pertaining to said system and . to maks the
monies available for the payment of said revenue bonds in the
manner provided by Article 21139 Revised Civil stags of 19250
as amended by Chapter 1220 Asts of the Regular session of the
Forty-third Legialaturel the fiscal yeast for tht operation of
such systems Shall be January lat to Deeseber 31st of each 3e ar;
and► the remaining part of 1938 shall sonatitute a fleotional part
of a fiscal year$ and *sty purchaser of twenty-five (") per oentun
in aggregate principal amount of the bonds at the time then +cert••
standing or aM holder or holders of twenty-fivo (25) per tontun
pf said, amount of outstanding bonder shall have the right at aU
reasonable times to inspect the system and all records* aeoounts
ajA data of the City relating thsreto•
. C?10F to That said bonder Iken axesuted by the proper officials
herein naasb, and Alva$ authenticated by the Tmstee* shall be delivered
by the TrMstee to the purchaser or pu"basers thereof; end the Major*
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