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<br />e <br /> <br />. <br /> <br />/~ <br />;1/-': <br /> <br /> <br />'.- ,/ <br /> <br />; <br /> <br />. e.dcUtionft.l bonds (other 'tb&n tile r.emainine ~250,OOO of bonds <br />&'at~orlzed at th.e elcct10n held on F.obruary 21.. 194(1, as horein- <br />eSter proVided) payable from tbo revenues of tbe syatem tmlesfJ <br />tlho lien of 9uoh 'bonds l:6lya.ble t:t'Oo thE) revenues or the systom <br />10 r::;nde ~i un10S- Bnd uubor41mtc J.n aU respeots to the lien of ti1e <br />bonds he:n}1!>. euthoJ-~ 2eu. In no event, 'trlbl1c any ()f 301d 'bonds <br />Gre outstnncUtlg WiU the Cit,. mor1it'&e;o or otbeW1tH) enow:.ber tho <br />ayetem o:r~ lUl:f part tbereoi"; or uo11, leaso orot:lcxv,-!,se dispose <br />o:t~ any aubatMt1&l portion of such s1sten. Those provle1MS <br />$hQl1 ~k1". to tbe benefit or end be enf'orcenble bY nny holder <br />01' an.v of" tht!> bonds. <br />'ile :re:na1n1ng bendS aQthol'lmed at 8n1d eleetlon helCl on <br />Fe1Jr\Uu'Y 21, 1946, in the total aoore~tCt amount Of $2~O,OOO.OOj) <br />i,~'l~' be it~euef.l endeold by tho C;lt,- and such boJ:..is vhe.tl issued <br />and ,old shall be on a plJl1ty V1tb the bonds hel'eln o.uthol'l~edJ <br />J;tro111ded.., hOWO"i1Gl', tbSt tbe City $ha.ll not 1ssl:.C ana sell ~ <br />01] such i'ema1n1ng bonds ~ut~lo~.1zad at euid eleat:: on :3.014 on <br />February 21, 191f;8,. unt.il auch time as the tt.nnut11 revenu.es or <br />the $:rstel'l1, after 4edu.at!.1n:g the r.~8o:n.c.ble cost 01' opernting <br />c:ld ~1ntt.in:U:ls tho C:;rstEQ, all ohot."O by th:t-ee ;:re:~l'~ ;l:.storicc.l <br />net .ea.mi,llgS Of the 6:/st., v1U equal Qt least one &nd one-im.1.f <br />tl:11eltt, tl'u~ naX!mw11 $lUlU81 ~~u1remente or pr1no1pl~1 ana 1nt~est <br />co the outstliU'lding. bonds of th.$ $01'1e3 hereU\ o.utho:r,ll3ed.. Bnd <br />8U~ e.d.d;;~t10.1 boac1B authorized at said ,eloction to be 1nsuec1 <br />and so1c1. <br />D. :-~l<i.~\ng;J /l~ O~'DATlr'J.1: The City shell ?n~ta:ln <br />~lO 81sten ~ flOod. oond1.t1= ant.l operate the narno i.n nn <br />e.fl-.Lo1ent mamel' and at (1) reasonuble coet. So Ions 8.a o.ny of <br />the bomh; uu,- C)ututnn.d::tDe~~-<:-it~. 6~es to m:~ntfl,ln ins'umnoe <br />t~or t;h.e benefit at t4:18 Ilolder ~ l'iOlders or the 11onds" OD the <br />SYSte:l,l of a klnCl an4 1n an saO'W1t w~'l1ch uSWllly vou.l.d lle <br />ce.:r-r1ed 'lr'J' ~1 vat. C~"1lpan1.~ engaged 1n a alm1181t t;,rpe of <br /> <br />------.... <br />... <br />.,. <br /> <br />e <br /> <br />e <br /> <br />\lluJ1neSfll . No~:;n tl11a ordirannce aholl 1;;0 o;)nst:t,IY.~d co 1'0- <br /> <br />gU;)J>>WB the 01t1 to expend ~ funde Wh1~1 are d.!-"~~l\t:cd tram <br />