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2128 ORD AUTHORIZING ISSUANCE OF REVENUE BONDS
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2128 ORD AUTHORIZING ISSUANCE OF REVENUE BONDS
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CITY CLERK
CITY CLERK - Date
1/10/1973
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Section 6, That the term "Outstanding Bonds," as <br />used herein, shall mean the outstanding bonds of the following <br />issues of said City, to-wit: <br />City of Paris Waterworks and Sewer Revenue <br />Refunding Bonds, Series 1957, authorized by <br />Ordinance dated February 18, 19570 <br />City of Paris Waterworks and Sewer Revenue <br />Refunding Bonds, Series 1957-A, authorized by <br />Ordinance dated October 25, 19570 <br />City of Paris Waterworks and Sewer System <br />Revenue Bonds, Series 1962, authorized by <br />Ordinance dated October 15, 1962. <br />City of Paris Waterworks and Sewer System <br />Junior Lien Revenue Bonds, Series 1966, <br />authorized by Ordinance dated December 13, <br />1965. , <br />City of Paris Waterworks and Sewer System <br />Revenue Bonds, Series 1973-B, being authorized <br />by Ordinance dated January 10, 1973, . <br />The Series 1973-A Bonds authorized hereby are "Additional Bonds" <br />as defined and permitted in the City's Ordinances dated December <br />13, 1951 and December 13, 1965, and Sections 9 through 25 of <br />said Ordinance dated December 13, 1951, and Section 21 of said <br />Ordinance dated December 13, 1965 are hereby adopted by reference <br />and sha11 be applicable to said Series 1973-A Bonds for all pur- <br />poses, except to the extent hereinafter specifically modified and <br />supplementedo The Series 1973-A Bonds and the Outstanding Bonds <br />are and-shall be secured by and payable from a first lien on and <br />pledge of the Net Revenues of said City's Waterworks and Sewer <br />System, and all of said obligations shall be on a parity and of <br />equa.l dignity in all respects, except the Series 1966 Junior Lien <br />Revenue Bonds, which shall be secured by and payable frQm a lien <br />upon said Net Revenues which shall be junior and subordinate to <br />that of the First Lien Bonds, <br />Section 7, That, in addition to all other amounts <br />required by the Ordinances authorizing the Outstanding Bonds, <br />there shall be deposited into the Interest and Redemption Fund <br />created for the benefit of said Outstanding Bonds and all <br />Additional Bonds, the following: <br />(a) such amounts, in equal monthly installments, made <br />on or before the 20th day of the month in which the <br />Bonds are delivered, if delivered before tne 20th day <br />of the month, or on or before the 20th day of the <br />following month, if delivered after the 20th day of <br />the month, and each month thereafter, as will be <br />sufficient to pay the interest scheduled to come <br />due on July 1, 1973, and on or before the 20th day <br />of each month thereafter, to pay the interest <br />scheduled to come due on the next interest payment <br />date. <br />
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