Concerning Construction and the Installation of Extensions, Additions and Improvements to the Waterworks

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after the completion of the work, which are not required to meet unpaid obligations incurred in connection with the construction of the work, shall be deposited in the Bond and Interest Redemption Account. Section 11. The City shall keep proper books of records and accounts, separate from all of its other records and accounts, in which complete and correct entries shall be made showing all revenues collected from said water- works and deposited in the special accounts hereinbefore established and all disbursements made therefrom and all transactions relating to said waterworks. There shall be prepared and furnished -to the original purchaser of the bonds, and upon written request, to any holder of the bonds not more than ninety (40) days after the close of each annual fiscal period, operating and income statements and balance sheets of the sviaterworks, in reasonable detail, covering such annual fiscal period, which statements shall be certified by the City Controller or the Auditor of the waterworks. Copies of all such statements and reports shall at all times be kept on file in the office of the City Controller. Any holder of the bonds, or his duly authorized representative, shall have the right- at all reasonable 'times -to inspect the waterworks and records., accounts and data of the City relating thereto. Section 12. The City shall, to the fullest extent permitted by law, establish, maintain and collet" reasonable and just rates and charges for the services and facilities afforded by said waterworks ; ;hich will provide revenues at least sufficient to pav the reasonable and proper cost of the maintenance and operation of the waterworks, to provide a proper and reasonable depreciation account, and to pay the principal of and interest on all bonds which by their -terms are payable from the revenues of the waterworks, as the same become due, and provide, each year, a surplus or margin of not less -than ten per cent (10%) of the principal and interest due in such year. So long as any of the bonds herein authorized are outstanding, none of 'the facilities and services afforded by said waterworks shall be -Furnished without a reasonable and just charge being made therefor. The reasonable value of any facility or service rendered to the City, or to any department, agency or instrumentality thereof, including the use of water for hydrants for fire protection or for any other ,)urpose, shall be charged against the City and shall be paid for as the charges accrue, and the 15-