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