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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 AMb, Agmkk & • <br />8. The Yorm of Comgtro3.ler' s certi.f3cate, rhich sha1l <br />be printed on the back of eseh band shull be substantially as falto►a z <br />QFFICE t!r Ct}MMQL3O : <br />BTATE OF TMLAS : <br />I Y tERTIFY that there is an tile and of recard in <br />my ottice a esrtif 3.cate of the Attasney Qeneral of the State of 2ems to 'Eht <br />efYect that this bond hss be+eu smmirued 1y hia a,s required by I.aw, and thst <br />he finda thst it has be+m 3ssued in cnnfarmity vith the Conatitution and Lne <br />of the Stafie of 7"eacas, aretd tIe Charter of said +C1ty's and that it is a valid <br />aad bindin$ speciat ob13gat3.4n v#' the City of Fari.s, 2ezaa, payable f'rom the <br />reveaues pledged tA its payment by and in the crdinance authc►riz3ng same, <br />sa.nd ea3d boad hss this claq been registersc3 by me. <br />WITM8 MY HM and seal of afftce mt Austin, Teaatec, <br />mp c 1lctoua a o <br />5tate Of Twm. <br />(SIPA,L) <br />9. (DIrTNITIOM) (a) The terra "Syst,effi" aae za.sed in this <br />ord3nuaace, shs1l mean the City's Waterwarks and 8erer System, iizcludiag all <br />presernt and tutvace eztensioiza, additions, rsplacwanta ancT fmparogementa <br />#.he"to. <br />(b) The term "Neet Rexv++tunuee"., a►s used in this ordinance, <br />ahn2.l meaa the graes r$aenues of the ffiyetem lAms the ezpe:nse of mperation <br />and mIli21te21QT1Ce., iTiClUding 8ll sa3.ariee; labOI'* matllT3.als., 2'epairf IRItd CZ• <br />tensioxes necessaty to render estYictent aervice,, prov3dec'i hantever, that only <br />such repairs and extensions, an iu the judgment of the Citg Ccnzncil= ressc►nab <br />an8 3'oirly ezercised, are necesstary tv keeB the plewt or uti2ity in operation <br />aud render adequate service to the City and the inhabitanta thYereof, or such <br />as mi.ght ba necesaary ta mitet aome physical accldent or cvndition t►hich wouI.d <br />ot,herrisa impair the Bvnds authorizad by this crrdinance and an,y sd4itidnal <br />bonda pormitted tA be tssued tvader Section 20 hereoi, shaiZ ba deducted in <br />d$'te1"l5Li21f.11g r'Not R@48t1'1LMl1{ °f • <br />(C ) Th6 t@r]Ti "Bolbd$ " 1lhaZ.1, I3]E:SYi th+rF $550,,000. Qd of b0l2f1s <br />authcr3zeed by th3.s ordinauco. <br />( a) 3.'he term pAdditinnml Bonas meane tne Additiana1 <br />Bonds ahich tle City reservss the r3ght to issue under Sectian 20 hWooY. <br />
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