1258 ORD PROVIDING FOR ISSUANCE OF COP WATERWORKS AND SEWER IMPROVEMENT AND EXTENSION REVENUE BONDS SERIES 1952

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,dk _ r if issued under the cond.i.tions and in the manner specifieci in this ordinance, a.nd the interest tiLereon, and it is hereby ordained tha-L the Bonds and the Additional 3onds ir so issued, and the i.r.terest t::°T`POT1 shall constitute a f'irst lien upon said Ivet 1-tevenues. 11. (il"ITES) `I'he City covenants and agrees with the Izolders of the Bonds and Additional Bonds if and wfien issued: (a) That, it tiJi11 at wll tirries charge and collect for services rendered by the Syster:: rates sufi'icient to pay a11 operating, inain- tenance, deprecia.tion, repLace:ent and betterrnent expenses, and other costs deductible in deterrnining "i'iet ~-evenuesi' as here~.ri defined, and to pa.y the interest on and principal o{' the Bonds and to establish and.:,:iaintain the funds as hryreinafter -orovided. (b) If the Additional Bonas are issued, or if the :i-,-stem should become leQall;; liable for any other indebtedness, the City wili fix and maintain rates and collect charges for the services of the System suffi- ciert to discharge such ir.debtedness. 12. (FLTP1Da) All revenua derived from the operation of the System, sha11 be kept separate from other funds of the City. To chat end, the follotivinE special 'Lunds are hereby created: (a ) City of Paris, Yuaterworks and Setirer Iniprove- nent and :,~xtension ;t,evenue : und, hereinafter called ":ievenue Fund"; (b ) Citv of Faris :qaterworks and Sewer :Cmprover:ient and Lxtension Fievenue Bonds lnterest and dederription I'und, here- ina_fter called "Interest and 111edem;otion Fundll; ( c ) City of Paris :4aterworks and Sewer Improvsmer.t and Extension ievenue Bonds, aeries 1952 Fieserve Fund, herein- after calied "Reserve rund"; (d) City of Yaris 4aterUaork5 anu. Sewer Ir.iprovement and i:xtersion Iievenue Bonds, 3eries 1952 ContinE;ency and :lL1- prove,_.ent Fund, hereinafter called "Contingency a.nd Improve- me.nt Fund".