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1259 ORD PROVIDING FOR ISSUANCE OF COP WATERWORKS AND SEWER IMPROVEMENT AND EXTENSION REVENUE BONDS SERIES 1952
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1259 ORD PROVIDING FOR ISSUANCE OF COP WATERWORKS AND SEWER IMPROVEMENT AND EXTENSION REVENUE BONDS SERIES 1952
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11/27/2017 2:56:25 PM
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CITY CLERK
CITY CLERK - Date
12/13/1951
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a An~ _ • <br />(b) The City cavenants and representffi that ather thnn frnr <br />the payment of the Basds herein grqvided fvr, the rentaa revenwes and income <br />+of the 8ystem have sot in +eay t,annex been p3.sdgsd ta the p"nt caY ary debt <br />oa ob3igatian 4f the City ax af the Systom, <br />(c) That, ao 3.bng as any af aaid BO'd'O rsmsia outs <br />the City will nat se?1 or encumtear the isystesn or ar.y substa,ntial part there. <br />of, and thastt,, vLth the exceptit3n of the A+3ditiona.1. Bonds ezspressly permitted <br />by this ordimnce to 'ke issued, it w3.1l uat erncumber the revtuues therecaf <br />wn2ess such encwmbrance 3.s made junior and suboxdirate to s11 at' the pro- <br />v1S].021$ Qf ti1is t"!rdiII&i'1C8. <br />(d) No free sexvice af the System she1,l be allcavecll and <br />shcra.l.d the Cit,y or any of ite "ncies or iraatrumentalities make use of the <br />serviees and f"acilities af the Syatem, Pa3'mntaf the reaaansble value there- <br />of she].l be mde by the City out aP fuuzds trvm sources other than the <br />xevaenues snd ineome af the "tem. <br />{e} To the extent thet it lega1l,Y maY: the City fui^ther <br />covcnants and $grees tlxat, sv Icrzg ae ary of the Boxuis os Additione.l Bonds <br />or any ~nterest thereon are autstandirg, no Pranchiss shall be grsnted for <br />the installs tion ox operation caf any competing water systezn.p that the City <br />v3.11 prohibit the operatioD of an;y vat„er and sever tystem,, other than thet <br />cn►ned by the C3.ty, and the Qperation of any such system 'ty aryone ather than <br />th3.s City is hereby prohib3,ted. <br />26. (BQliM ARE SPZG7AL OBLIGAT1'ONS) The Bonds tzre <br />spe►c3.a1 tabligations of the Cxty pWable from tLct pleclgoed revent,tea~ ar3d the <br />hcldex thereaf sha].1 rever have the right to demardpayment therec,f out af <br />finds rai.W or tci be raised by ta,itat3.on. <br />27• (AM4vAL $y ATTaRMx GWMAQ Th.e sandip etiid a <br />ccampleta xecord re3ating therretca al1aU be submitted to the Attorney Gtenera1 <br />of Texas for his approvel, aI'd after he shal1 have agprtzved thatm., the Bcands <br />shal1 be depc>sited vxtli the Compt,roller of Ptzblic Accaunts for reg3.stration. <br />
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