HomeMy WebLinkAbout0276_0091abowing aocvxately the fiAsnoieal condition of the slectris light
plant earA power aystemlo including JA such statement an account
in full det ll of the propertys assets arr0. liabilities of the
saidâ–º elestris light plant and power system$ and an exhibit of
tis earnixi,s aad operating exponses thereof* gives south by
th for and Aurize a perio& sf at least a year prior to the
time of maklzg a,%*% re sue ot# The City &III also at any e
all time* until all the boYAs Issued heramider shall kave
been ftU7 peidO permit the Trasteto by Its duly authoriss&
agvntr, fully to inspect all the books oe aceounts of the City#
together with all Its reports,,mtrorand,a or other Vapors* and
to take such extra*%* therefrom as =q be desireds But the
TR MS shall be under no obligation to are gu.isr any such
sake J ule or s taste s t o or +00 make thigh inepe ctiono says a0 it
may desire or *loot*
"ECTICN Itt That it will not issues cm permit to
be issumlis any bonds hereiay secured in any =nnsr other thaa
In accordance with the provisions of this Indenture,, and, the
agreements in thiat behalf herein contoine&, and will not suffer
or permit any default to act unc:er this Indentures but will
faithfully observe and perform all the conditions, covenants
and roqm1roweAts hes rs+af.
In overt forecloware of this lion b$3m-
after shell Uooms nsewsssrys is order to enforce the payment
of principal end. interest of nail bonds, or in +Misr to enforce
any of the eov4a4nt& of this INDENT, In conformity with the
lecw+ea of the States, pa.articalAwly in conformity with Articles 1111
st segs 'Texas Rovieeed Statuteas 1926s as aysn&ed by Miapter 122s
At% 19"` ! the City hereby ,ants to the rureb"or or purahsassre
under any sale or foreclosure there ons a freanehise tb operate saU
electric light ,plant and power gystoav and, properties so purdhase&
for a terms of twenty t po) ysarss dating from the purchases sub j sat
97-