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AN ORDINANCE authorizing and providing for the <br />issuance of X2,000,000 Sewage Works (Revenue) <br />Bonds of the City of South Bend, Indiana, for <br />the purpose of defraying the cost to said City <br />of constructing a sewage treatment works for <br />said City, prescribing the form of said bonds <br />and providing for the collection and segregation <br />and distribution of the revenues of the municipal <br />sewerage system of said City for the purpose of <br />safeguarding, protecting and paying said bonds. <br />1. <br />WHEREAS, it has become necessary.and is deemed advisable that the City of <br />South Bend, Indiana, construct sewer system improvements consisting of an intercepting <br />sewer and a sewage treatment works consisting of (describe improvements) grit chambers, <br />primary settlers, mixing and aeration tanks, final settlers, sludge thickeners, <br />incinerator, magnetite filters, pumps and other appurtenant structures and equipment, <br />IZ a3,1 as Conte ated and pr vi hue plans and specifications therefor prepared by <br />Ylr g eers, chosen by the Board of Public Works of <br />said City, end as such plans and specifications are now on file with the City Engineer <br />of said City; and <br />WHEREA , the cost of said sewer system improvements as estimated by said <br />Engineers is $ � {�07 ~,, O! and <br />WHEREAS, a substantial contribution of said cost is to be obtained from <br />the Public Works Administration and the Works Progress Administration and under the <br />provisions of Section 48 -4501 et seq. of Burns Indiana Statutes and laws amendatory <br />thereof and supplemental thereto, said City is authorized to construct said sewer <br />system improvements and to issue bonds of said City to defray the cost thereof to <br />said City; and <br />WHEREAS, it is deemed advisable that said City now provide for the issuance <br />of its bonds to the amount of $2,000,000 pursuant to said law for the purpose <br />aforesaid; <br />NOW, THEREFORE, Be It Ordained by the Common Council of the City of South <br />Bend, Indiana, as follows: <br />Section 1. That sewer system improvements as referred to in the preamble <br />hereof be and the same are hereby ordered constructed pursuant to the provisions of <br />Section 48 -4501 et seq. of Burns Indiana Statutes and laws amendatory thereof and <br />supplemental there" and s�conte eland rovided by the plans and specifications <br />prepared by %t�.ly� 0"lrj 'noVP on`W e with the City Engineer, and that for <br />the purpose of defraying the cost to said City of such construction no4r otherwise <br />provided by federal aid there shall be and there are hereby authorized to be issued <br />2,000 negotiable interest bearing bonds of said City to be known as Sewage Works <br />(Revenue) Bonds, in the total principal amount of A 000.000 Dollars <br />, which bonds shall bear date of November 159 1958, shall be numbered <br />consecutively from 1 to 20009 shall be of the denomination of $1,000 each, and shall <br />mature in numerical order as follows: <br />$ 40,000 <br />November <br />15, <br />1941 <br />44,000 <br />" <br />15, <br />1942 <br />46,000 <br />" <br />15, <br />1945 <br />48000 <br />" <br />15, <br />1944 <br />48,000 <br />" <br />150 <br />1945 <br />50,000 <br />" <br />152 <br />1946 <br />52,000 <br />" <br />15, <br />1947 <br />54,000 <br />" <br />15,:1948 <br />108,000 <br />56,000 <br />" <br />159 <br />1949 <br />$ 58,000 Nov. 15, 1950 <br />60,000 " 15, 1951 <br />62,000 " 15, 1952 <br />64,000 ^ 15, 1955 <br />66,000 ^ 15, 1954 <br />689000 " 15, 1955 <br />70,000 " 159 1956 <br />74,000 " 15, 1957 <br />78,000 " 15, 1958 <br />82,000 Nov. <br />151 <br />1959 <br />842000 <br />" <br />15, <br />1.960 <br />86,000 <br />" <br />15, <br />1961 <br />90,000 <br />" <br />15, <br />1962 <br />94,000 <br />" <br />15, <br />1965 <br />981000 <br />" <br />15, <br />1964 <br />100,000 <br />" <br />159 <br />1965 <br />104,000 <br />" <br />15, <br />1966 <br />108,000 <br />" <br />15, <br />1967 <br />116,000 <br />" <br />15, <br />1968 <br />Bonds numbered from 1675 to 2000 inclusive and maturing: <br />$104,000 November 15) 1967 <br />;08,000 " <br />116,000 " 15, 1968 <br />are optional and subject to call, by the City of South Bend, Indiana, upon any interest <br />;ti <br />