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O-1948-357
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O-1948-357
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Last modified
11/2/2016 3:38:18 PM
Creation date
10/23/2006 2:46:19 PM
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Template:
Legislative Records
Legislative Type
Ordinance
Date
10/16/1948
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<br />c:n&rge an.(} collect ror services :rendered by aaid 5ystcm" raton <br />ouftio1ont to pay all mainten8nce_ deprec1.e.tion, reple.comont~ <br />betterment and interest ohe.:ttcea ~ anc1 for Interest and Sinking <br />rune! suffloiunt to }>8'9 the interest and pFinc1pa.l (1) 00.:::.6 bonds <br />6.S Buell ]));)1neipal and interest lx::.tU1"es end eocrueu l:.n.(l any out- <br />aten41ne :1ndebtoc1nees tl.gtLinst the system., c.s 1s requ!"l"oo by <br />I\Jlt1cle 1113... RE)v1eeO. 01'1111 ,Dt8tutes of Texas, 1!)E5" on.d Gmend- <br />m.ent$ tho%'cto. For the benefit of tho original 1iur~w..noor, and <br /> <br />f'OIl the "!)onetit of' ~.ny and nllsubr:equmt holG.el'lt:. oi' aaid bonc1os <br /> <br /> <br />cO"olpons, OIb any psrt thereof, 4n(l, in addition 'to e.llotl1er pro- <br /> <br /> <br />visions l:~nd o.ov$M.Ats in the ki.VB of' tlle 3tc-te of: ~1.1cxetl end in <br /> <br /> <br />this ore:~~ImnceJl lt 10 eltpreO(1ly fltil)ulatod: <br /> <br />f!o . 1U~ = lJ.'ilc City shall f:"J: und oomtrdll I'8te~ and <br /> <br /> <br />collect cbaX'g.os 1'oxa the faa11it1ea and Gerv~ees u~ror<1od ty tho <br /> <br /> <br />Syote~ vMon 'ttill proVido 1'(;venues auft:;'ulent at ell t.l.iLJ.OO: <br /> <br /> <br />(1) \'0 pay all operations, naintenAnctil; depreoiatioo" <br /> <br /> <br />111op].Qoemen-ba nnd betterment charsoG oi' thQ Syote::1. <br /> <br />To establish end maintQ1n the Uond FtUlU. <br /> <br />1'/ -'--' <br /> <br />- <br /> <br />, <br />// <br /> <br />, <br />/' <br />/ <br />T <br /> <br />~...... <br /> <br />:' 4ft" <br /> <br />" <br /> <br />(2) <br />tn <br /> <br />.~. <br />. <br /> <br />../ <br /> <br />, <br /> <br />. <br /> <br />To pay all outatGndin6 iDde'btecnoso c:~gc.:1..not tho <br /> <br /> <br />31ste&~ othelll tban bondf.l. ~$ one. ,rlJ.en tho fjOlliC <br /> <br /> <br />becomes due. Pl'1ov1clGd also, toot no fl")ce oo~ieo <br /> <br />of ,tIle Syetem uhnl1 be alloYed, ~~nd ahoulci. tho <br /> <br /> <br />C1t~ or any of its agencies or lnst~~talit1~s <br /> <br /> <br />mke use of the Be~v1ces end f'c.c:llltico of tho <br /> <br /> <br />8Y$te::, pa:.'Oent of the ree.sonsbl(; va,luG t!'lCireof <br /> <br /> <br />eha]'l '0& rado by the City out of f'ur..ds derived <br /> <br />frCl~ sources otl1.er tban the reve%lU()~~ and inco:ne <br /> <br />or the System. <br />B. 1mB 0" ~P1l5-t The City "111 dep08~~t ns ()olleeterl <br />all revenue. de1'1'ved from the operation of tilo r-ystem into n <br />separate aecount (hel"81n called tLe "System Pund") Wllich el'IDll <br />be kopt sep1u~e,te and apart frOI'll aU other funds of' the City. <br />The System :Fund shall be adl'Jlj n1stercd tl.S tollows: <br /> <br />/.--....... <br /> <br />e <br />
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