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(Form for registration to be <br />printed on the back of each bond) <br />Date of In Whose Signature of <br />Registration Name Registered City Controller <br />Section 4.. That upon completion of construction of the sewer system <br />improvements but at any event not later than June 1,1940, the sewer system of <br />said City shall thereafter, so long as any bonds hereby authorized are outstanding, <br />be'_opeJ?tedtby_'said City as a revenue producing undertaking. Interest on said bonds <br />prior thereto shall be paid from the proceeds derived from the sale thereof. <br />The revenues of said system as received shall be set aside into a separate and <br />special fund to be used for the retirement of the aforesaid bonds and in maintain- <br />ing said system as follows, to—wit- <br />That there shall be and there is hereby created a fund to be known <br />as the "Sewage Works Bond and Interest Redemption Fund.," into which there shall be <br />set aside from said revenues (except as herein otherwise provided) such amount <br />thereof as will be sufficient to pay the interest and principal of the bonds <br />hereby authorized, and it is hereby determined that on a fiscal year basis commenc- <br />ing on December 1 of each year the amounts necessary to be so set aside into <br />said fund during each puch year shall be not less than 110% of the total amount <br />of interest and principal becoming due on June 1 of such year and December 1 <br />of the succeeding year, and that on the basis of all the bonds hereby authorized <br />having been issued the amounts to be so set aside shall be not less than as <br />follows: <br />For the year ending November 0. <br />1939 <br />1940 <br />1941 <br />1942 <br />1943 <br />1944 <br />1945 <br />1946 <br />1947 <br />1948 <br />1949 <br />1950 <br />1951 <br />1952 <br />1953 <br />1954 <br />1955 <br />1956 <br />1957 <br />1958 <br />Amount <br />$23,677.50 <br />23,677.50 <br />45,677.50 <br />44,907.50 <br />49,637.50 <br />48,675.00 <br />47,712.50 <br />x.6,750.00 <br />51,287.50 <br />50,132.50 <br />54,477.50 <br />53,130.00 <br />57,282.50 <br />55,742.50 <br />54,202.50, <br />58,162.50 <br />56, 730.00 <br />54,697.50 <br />52,965.00 <br />51,232.50 <br />Provided, however, that no further payments need be made <br />into said redemption fund when and so long as such amount of the <br />bonds shall have been retired that the amount then held in such fund <br />-4- <br />