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Ordinance concerning the Construction and Operation of Sewage Treatment Works, the Issuance of Revenue Bonds
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Ordinance concerning the Construction and Operation of Sewage Treatment Works, the Issuance of Revenue Bonds
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8/15/2014 4:21:39 PM
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8/15/2014 3:19:31 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
2/8/1954
Ord-Res Number
3959
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applied in accordance.with the provisions of this ordinance and <br />of said governing Act. The provisions of this ordinance shall <br />also be construed to create a trust in the portion of the net <br />revenues herein directed to be set apart and paid into the <br />Sewage Works Sinking Fund for the uses and purposes of said fund <br />as in this ordinance set forth. The holders of said bonds shall <br />have all of the rights, remedies and privileges set forth in the <br />provisions of the governing Act hereinbefore referred to, includ- <br />ing the right to have a receiver appointed to administer said <br />sewage treatment works, in the event of default in the payment of <br />the principal of or interest on any of the bonds herein authorized <br />or in the event of default in respect to any of the provisions of <br />this ordinance or the governing Act. <br />Section 14. This ordinance shall be in full force and effect <br />from and after its passage and signing by the Mayor. <br />Member of Council <br />1st & 2nd READINO a --,? -'vim"- 7 <br />C`,I TEE OF THE WHOLE" <br />NSLIC HEARINT <br />3rd MUD!HS <br />PLOT AttROVEV <br />REFERRED FX <br />a <br />�� -� - (6- � 7E� <br />
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