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,l► - ~ <br />1 <br />(''~1AIT,?`'x'iVA,,CE A~,D QPE'.~TIO~~z) . `'~.e _ty s~all. r~a~_.nt<s~ <br />. <br />trie System i.n good condition and operate the sarne in an efficient manner -?.nd <br />at a reasonable cost. So long, as any of the Bonds are otztstandina the :,'ity <br />agrees to ria:intain insusar_ce l'or the ben.efit of the nolder or holders o1' i;ixe <br />'3onds, on the System of a kind and i.n an amount which usizally woutd be carried <br />b; n.rivate co.npanieN engaged in a simi3ar type of business. Noth:.ng in tiriis <br />ordinance s'rlal1 be vo_.st.rtzed as reouiring the c"ity to expend ar.y ftznds wc.ic~, <br />a,re der:a.ved frorti sources otrer tezan the operation of the 8ystem, but; notazri,- <br />~erein sPia~.`? be ^o.astruea as prsvent~_ng the City from do.ira~ so. <br />24. (ai;COUnTTS ATdU FTSCAL Y"rlAR) 'rhe City s~iall. keep <br />~proper boaks of reco^ds and acvounts (separate from a11 other records and <br />accounts) in wtzi.c"h comglete and correct entries shall be made of all trans- <br />actians relating to the System. The City will onerate tYie System and Y:il1 <br />:;een its books of records and accounts on the basi:~ of a fisca:i year e~idin~ <br />J u-ne 3C). <br />250 (ACCOtJN'I'IT.G RE:POpTS ) On or nrior to September 4, <br />?..93', and on o.r priar to Septe:nbar lst of eac'n 3rea-r therPafter, the City <br />.7_~_ f1 <br />.zrrish (wi'r.hotat cost) to Ratzscher, Pierce an3 Comnany, Dallas, `!'exas, <br />and any 3ondrolder who ,nay yo ereqo.est, a signed o.r cer tified copy of a report <br />ia,y, a certified nubl ~c accour_tant covex ing the next preceding f; sral yrear <br />showing the fo_llowi!a.g; information: <br />(a) Income and ExDense 5tat;emen;; <br />(b; Ba3.ance Sheet; <br />( c) Accountant's comment reaar3,yr.g the :r~anner i:~ <br />w~icia t'r.e ""ity khas complied wi.t1h. the reryui.-remer.ts oF the <br />ordinarzce of December l.j, 19;~, and tn_is oMc~~nance ar~3 :ii.=> <br />ie^ommendation for any cranges or im.nraverqents in the operatian <br />of the Sa'stem; <br />(d) List of insctrance nolicies irz f; rce :3t the en3 of <br />t't1e fi-scar- year, showi .g as to eacn p014.--y the risk cOVeY'2cl, <br />trie narne of the i.nst.zrer, and the expiration date; <br />(e) '1'he nunber nroperties cor.r.ected witr each ;ystem, <br />anc~ v:~:e t;otal. ~rcome frar« each syste.m fo: the year; <br /> <br />