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9951-09 Authorizing the aquisitions, constructions and installation of certain improvements and extensions
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9951-09 Authorizing the aquisitions, constructions and installation of certain improvements and extensions
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12/3/2009 11:51:05 AM
Creation date
8/20/2009 12:22:25 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
8/10/2009
Ord-Res Number
9951-09
Bill Number
56-09
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which may become worn out or obsolete, without the prior written consent of the <br />Authority if the Bonds are sold to the Authority. <br />(f) If the Bonds are sold to the Authority, the City shall not borrow <br />any money, enter into any contract or agreement or incur any other liabilities in <br />connection with the Sewage Works, other than for normal operating expenditures, <br />without the prior written consent of the Authority if such undertaking would involve, <br />commit, or use the revenues of the Sewage Works. <br />(g) Except as hereinbefore provided in Section XVI hereof, so long as <br />any of the bonds herein authorized are outstanding, no additional bonds or other <br />obligations pledging any portion of the revenues of said Sewage Works shall be <br />authorized, executed or issued by the City except such as shall be made subordinate and <br />junior in all respects to the bonds herein authorized, unless all of the bonds herein <br />authorized are redeemed, retired or defeased pursuant to Section XV hereof <br />coincidentally with the delivery of such additional bonds or other obligations. <br />(h) The City shall take all action or proceedings necessary and proper <br />to require connection of all property where liquid and solid waste, sewage, night soil, or <br />industrial waste is produced with available sanitary sewers. The City shall, insofar as <br />possible, cause all such sanitary sewers to be connected with said Sewage Works. <br />(i) The provisions of this Ordinance shall constitute a contract by and <br />between the City and the owners of the sewage works revenue bonds herein authorized, <br />and after the issuance of said bonds, this Ordinance shall not be repealed or amended in <br />any respect which will adversely affect the rights of the owners of said bonds, nor shall <br />the Common Council adopt any law, ordinance or resolution which in any way adversely <br />- 43 - <br />BDDBOI 5738468v1 <br />
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