Laserfiche WebLink
SCHEDULE OF RATES if total bond issue of x$,915,000 is required to complete <br />construction of Sewage Treatment Plant and Interceptor Sewers. <br />1200 <br />cubic <br />ft. <br />or less (flat rate of 7500 per quarter) <br />4800 <br />cubic <br />ft. <br />@ <br />$0.10 <br />6000 <br />cubic <br />ft. <br />@ <br />0.08 <br />6000 <br />cubic <br />ft. <br />@ <br />0.06 <br />12000 <br />cubic <br />ft. <br />@ <br />0.04 <br />20000 <br />cubic <br />ft. <br />@ <br />0.02 <br />50000 <br />cubic <br />ft. <br />@ <br />0.01 (per hundred cubic ft.) <br />Said schedule of estimated rates shall be subject to revision a t the <br />time of establishment in the manner and form prescribed by law, and whenever in <br />the opinion of the engineer for said City it is deemed necessary to classify any <br />commercial institutions or industries by reason of the unequal purpose for which <br />water is used or character of sewage discharge, or whenever water meter readings <br />may not be available, then the Common Council of said City may in its discretion, <br />in the manner and form prescribed by law, establish special rates and charges, <br />and at any event while any of the bonds hereby authorized are outstanding and <br />said sewer system is operated as a. revenue producing undertaking, rates and <br />charges shall be established, revised and maintained so as to be sufficient in <br />each year to produce sufficient funds for the payment of proper and reasonable <br />expenses of operation, repair, replacement and maintenance of the sewer system and <br />for the payment of the sums required to be paid into the "Sewage Works Bond and <br />Interest Redemption Fundt as hereinbefore created. <br />Section 11. That the bonds hereby authorized shall be issued pursuant <br />to the provisions of Section 48 —/,301 of Burns Indiana Statutes and the assessed <br />valuation of tlxable property in said City, being A =`- ° , the total <br />proposed bond issue hereby authorized is less than two percent of such assessed <br />valuation, thereby enabling the issunicec of said bonds without submitting the <br />question of such issuance at an election. <br />Section 12. The provisions of this ordinance shall constitute a <br />contract between the City of South Bend and the holders of the bonds herein authorized <br />to be issued, and after the issuancer of any of the bonds no change, variation, or <br />alteration of any kind of the provisions of this ordinance shall be made in any <br />manner except as herein provided until such time as all of said bonds issued <br />hereunder and the interest thereon have been paid in full. <br />Section 13. If any Section, paragraph, clause or provision of this. <br />ordinance shall be held invalid, the invalidity of such section, paragraph, clause <br />or provision shall not affect any of theiemaining provisions of this ordinance. <br />Section 14. All ordinances, resolutions and orders or parts thereof <br />in conflict with the _provisions of this ordinance are to the extent of such conflict <br />hereby repealed. <br />Section 15. It is hereby declared that this ordinance become effective <br />immediately upon its passage and approval. <br />Attest; <br />Introduced ,1938. <br />Adopted by Common Council 9,1938. <br />City Clerk <br />Presiding Officer <br />