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<br />Fe111't1al'i1 j 1948, on the f(.}l.:..{)t~~.ne :-,rtlpt:m:i..t1ons:
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<br />~~~~,"'~-~'",n Ii1'....""~,l' t:'i') 1
<br />J!.la.V~~\.I!:'~i.'~TI ·
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<br />~~t::.l.ll tho 'Dit;y' C(,.t:!i11o$~..on of' the City 01" I.1i} p.ol1ie, T~roD.
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<br />bo autilc~;l.::'CU to issuo 0200: 000 .00 noven~~.O Dond~ {)f I)~::'d Cl't~,...
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<br />rm;:.t~ll1.e; ';cl~:.!:\.lly !:II) otho:&:vrloe OVO:!' 0. 'Qur1oC. ;,f ~(\'),!\I 1:10::; to
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<br />e:~:~~>cd .t~.;.l;~It:y (:0) yn~'fn f'Fom tbo~tr dr.,te, 'bsz,IJ:i.ng :1.~-:.tc;~(i:V~t 0,1; g
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<br />Jr.;:to ,not tCt C!'Jto~rnJ 1":1'110 (5%) :t'16:r- Q€i..'1.t per ~1.. !tor: tho P'ilrl1OCO
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<br />0.1:' qOMt::'1.~('t1nt~ cxtenf.ticms and inpl'ove;nents to th$ i,f1.\tozvorlrs
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<br />eyotf;)"t) of' 11E'.ic1 01 ty z t..nd to provide to'F the p.::g; ~Gt:.!i ~;t: tho p~.in-
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<br />e'3.~:r. of !;~7.~ 1ntE.\1'E>r\t on eu~h bor.:.ds ~olely ~y plc::::lg:i:'?: tho Zll.Ct
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<br />re-Jcnue~ (1eJll~W'o(\ .from the opor-at1 Ott. of' sejd 1~C.tC1::'lor!{'g Sycte:~$
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<br />()~t~ ~:.n thli eV~hi; tllSt tiH~ (;;1 ty ';vlluI11::6E:i~ b~ D,t1th(j~iiCd to isou~
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<br />Scrwel' ~~~f!,tou itcvenuu Eo!a1n C.g OVbjjl1.tt~d in PIJO:PClllt:l.oc;. L.~'o. 2" to
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<br />i;mt.iO ct~onb;~.uea ~!t!.'tCl'\1'~:1.,;kf: c.nd Htil:'l!1I' Eyntr:r.~ !i~V0~':I~;,C !:';::md~ in the
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<br />~ .:~it!f"~!! 1 tlfltm.nt oS f.! 500 II 000. 00, t,tl~ t." iil~'i4";.e $" 1c l.:it l.u.~ nc'~
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<br />X::~~"J('?n;'4l.0E ni. tl;.<.~ {,0'r-!,h1n€t'1 Ut;tc17d'f:i!ll:s (',!\r1 ~l~~e:" 3,,~ ~(1;-~>. to t~JO
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<br />r':1~,:::"G~tl; ':~' "~h.o !~r:tne~..!,r:'.l of c~f1. .1.M~r(lst .0::1. ~Q.~i' iJOL~~~~ncc. \;a.tor-
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<br />v~:.-.!x ~.r;j ~ !'Je~er By~:ltOi!l l1a'\'onUCll Bona~.
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<br />.f1:~.Qr.~~,gm.Jj~.~-
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<br />f~;:'lt::ll ~'h.('l C~.l.t~ Cm."1.""':ti.~!3iQn of the Cit;\" of 7.il }crte, TOJw.~~ ~
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<br />'tin ~utho',~~.~Cl~ to j.on1J.(~ fX)ODj1000..0C ~(;.\\;'en\tr) l'lo!'.fb ~f' ~ci'l1 :}ity,
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<br />:j~;t;:.tu~in!~ !;e~"i~.l1;yo1:' othOl"'.;ie:o ~'Jcr (:. r;Ell"':'cd -:J"l :/0::'.113 ;lot to
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<br />c~::oeed ~~ '11.;}tS (30) years ~l"on .tho;1i? &:\to J bEk'1rin~ :'..::1tere:rt ct
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<br />t), t:'ate not to O}te(~ad fiVo (5$~} pcr CC!lt pel.' c..U.."ilL1J1 fu:!.) t,hQ J.)lW"'"
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<br />p01.)() of ]O:':lotd.~''!lt$.ni3 ,:<:tomioIUl c.nd ~J:np;t\ove:lle!ltct() t!;lO Sor.1C1:
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<br />t'll'3 It-elt1 0.:' EJ(t;.u C:l:tnr ~ /,;'lJ1r1 to !)ro\7ld() r~r th~ ~}t~"y'l()!\t or tA~a l'u'in-
<br />c:1.pn,l. of' rm.d,'~....tot'not on nuell 1'OlWS uolel:r 1lypli:::;'~ /n~; tho net
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<br />revenueR de~t'i vad 1'!~Ou1 tho oyernt:.ton of t\Bid SOl'l'Cl'O C~731;CIL1D O~ 1~j
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<br />tbe eV81:Jt tl-.at t:lE) 0:: ~~~, Cc)mn1m~1on 00 tJ.uthori::cd. 't~':,~ .:3Sr:l.:J ....Yc.taIJ-
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<br />,,->rkB nystcm Revenu.e Bond3 au Gul,n:.t'e;rA. in Proposition no. 1. to
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<br />lsSU$ 00i11':'~JlEta \rivtel~o~k8 f.\l~d OG\t6r nye1;\1m nOVCFtlC .~~~df1 in the
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<br />!T.i.t.itl~ Gmoun'~ or $~nc,on:.l.co" t.:u'l,d to i)ledge solel:;~J tlAo 110t
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<br />reVenU6$ 0: tile C()Ul..)~\od 'J&tel:;.Torllf:i snd. Se-J(u,' n:rr.tt~;.l to the yay-
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<br />rr;.ent 01) tile :lr$Jlcl.~l or &1i.(! 111teras.t on ee.:ld cO!Jb;;;'ncd t:rc.terwo;:'ks
<br />8l1d Seu0l" Syster:l Revenue Bonde.
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