My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
07-27-09 Common Council Meeting Agenda & Packet
sbend
>
Public
>
Common Council
>
Common Council Agenda Packets
>
2009
>
07-27-09 Common Council Meeting Agenda & Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/10/2009 2:52:27 PM
Creation date
7/23/2009 1:06:53 PM
Metadata
Fields
Template:
City Council - City Clerk
City Council - Document Type
Agendas
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
186
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
On the last day of each calendar month there shall be credited from the Revenue <br />Fund to the Sewage Works Operation and Maintenance Fund previously established and <br />continued hereby, a sufficient amount of the revenues of the Sewage Works so that the balance <br />in said fund shall be sufficient to pay the expenses of operation, repair and maintenance of the <br />works for the then next succeeding two (2) calendar months. The moneys credited to this fund <br />shall be used for the payment of the reasonable and proper operation, repair and maintenance <br />expenses of the Sewage Works on a day-to-day basis, but none of the moneys in such fund shall <br />be used for depreciation, replacements, improvements, extensions or additions. Any balance in <br />said fund in excess of the expected expenses of operation, repair and maintenance for the next <br />succeeding calendar month may be transferred to the Sewage Works Sinking Fund if necessary <br />to prevent a default in the payment of principal or interest on outstanding bonds of the Sewage <br />Works. <br />Section XII. Sewa>;e Works Sinking Fund. <br />(a) There shall be deposited from the Revenue Fund into the Sewage <br />Works Sinking Fund previously established and continued hereby for the payment of the <br />interest on and principal of revenue bonds which by their terms are payable from the Net <br />Revenues of the Sewage Works, and the payment of any fiscal agency charges in <br />connection with the payment of such bonds and interest thereon, a sufficient amount of <br />the Net Revenues of said Sewage Works to meet the requirements of the Bond and <br />Interest Account and the Reserve Account previously established and continued hereby in <br />said Sewage Works Sinking Fund. Such payments shall continue until the balance in the _ <br />Bond and Interest Account, plus the balance in the Reserve Account, equals the principal <br />- 30 - <br />BDDB01 5738468v1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.