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

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treatment works ", "works" and other like terms where used in this ordinance shall be construed to mean and include all structures, intercepting sewers, river crossings, lift stations, and such other equipment and appurtenances as may be necessary, and all easements and property. Said works shall be constructed and the bonds herein authorized shall be issued pursuant to and in accord- ance with the provisions of Chapter 61 of the Acts of the Indiana General Assembly for the year 1932 (Special Session), and all acts amendatory thereof and supplemental thereto, hereinafter sometimes referred to as the "Act ". Section 2. The City of South Bend shall issue its sewage works revenue bonds in the amount of Eight Million Five Hundred Thousand Dollars, ($8,500,000.00) for the purpose of procuring funds to be applied on the cost of said works, as defined in Section 7 of said Act. Said bonds shall be issued in the denomination of One Thousand Dollars ($1,000.00), numbered consecutively from One (1) to Eight Thousand Five Hundred (8,500) inclusive, dated as of April 1, 1954, and shall bear interest at a rate or rates not exceeding Four per cent (41,) per annum (the exact rate or rates to be determined by bidding), payable on the 1st day of April and October of each year, beginning on October 1, 1954. Such interest shall be evidenced by coupons attached to said bonds. Both bonds and interest coupons shall be payable in lawful money of the United States of America at the First Bank and Trust Company of South Bend, in the city of South Bend, Indiana, or at the option of the holder at the Harris Trust and Savings Bank, in the city of Chicago, Illinois, and such bonds shall mature serially in numerical order in the amounts and on the dates as follows: 3