Ordinance concerning the Construction and Operation of Sewage Treatment Works, the Issuance of Revenue Bonds

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or charges shall be sufficient in each year for the payment of the proper and reasonable expenses of operation, repair and maintenance of the works, and for the payment of the sums required to be paid into the Sewage Works Sinking Fund by said governing Act, and for the payment of the sums to be paid into the Sewage Works Depreciation Fund pursuant to this ordinance. Such rates or charges shall, if necessary, be changed and re- adjusted from time to time so that the revenues therefrom shall always be sufficient to meet the expenses of operation, repair and maintenance, and the requirements of the Sewage Works Sinking Fund and Sewage Works Depreciation Fund. The rates or charges so established shall apply to any and all use of such works by and service rendered to the City and all departments thereof, and shall be paid by the City or the various departments thereof as the charges accrue. Provided, however, that during the period in which the works are being constructed, and prior to the com- pletion thereof, rates and charges shall be collected for the service to be rendered by the works in an amount sufficient to meet the interest on the bonds herein authorized and other expenses payable prior to the completion of the works. Section 13. For the purposes of further safeguarding the interests of the holders of the bonds herein authorized, it is specifically provided as follows: (a) All contracts let by the City in connection with the construction of said sewage treatment works shall be let after due advertisement as required by the laws of the State of Indiana, and all contractors shall be required to furnish surety bonds in an amount equal to One Hundred Per Cent (1000 of the amount of such contracts, to insure the completion of said contracts in accordance with their terms, and such con- tractors shall also be required to carry such employers' liability and public liability insurance as are required under the law of the State of Indiana in the case of public contracts, and shall be governed in all respects by the laws of the State of Indiana relating to public contracts.