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O-1962-641
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O-1962-641
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Last modified
11/2/2016 3:38:24 PM
Creation date
10/24/2006 10:33:12 AM
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Legislative Records
Legislative Type
Ordinance
Date
4/6/1962
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<br />----....,.. <br /> <br />.. <br /> <br />"-- ... <br /> <br />.. ...,,--.......-... <br />" <br /> <br />. <br /> <br />...-:;.0" <br /> <br />~-. <br />'-" <br /> <br />. <br /> <br />It <br /> <br />e <br /> <br />(c) Accountan't i, s comment regarding the manner in which <br /> <br />the City has comp~ied with the requirements of this ordinance, and <br /> <br />his recommendation for any change or improvements in the operation <br /> <br />of the Systemj <br /> <br />(d) List of insUrance pOlicies in force a~ the end of <br /> <br />the fiscal year, showing as'to each policy, the risk covered, the <br /> <br />name of the insu~er, and the expiratio~ date. <br /> <br />(e) ~he number of pr9perties connected with the System <br /> <br />and the total income f~om the Rystem for the yearj <br />(f) ~he number of unmetered customers of the System at <br /> <br />the end of said fi~.cal year, .if any j <br /> <br />(g) The. number of gallo~s of water pumped into or taken <br />by the System and the number of gallons of water sold by tpe <br /> <br />System during said fiscal year. <br /> <br />10.05 - INSPECTIONS: Any original holder of 25% or more in princi- <br /> <br />pal amount of the Bonds, and any holder of 25% or more in principal <br /> <br />amount of the Bonds then outstanding shall have the right at any <br /> <br />reasonable time to inspect the System and all records, accounts, <br /> <br />and data of ~he City relating thereto. <br /> <br />10.06 - ADDITIONAL PARITY REVENUE BONDS: In addition to inferior <br /> <br />lien bonds authorized by Chapters 249 and 250, Acts of the 51st <br /> <br />Legislature of Texas, 1949, as amended, the City reserves the right <br /> <br />to issue additional parity bonds in one or more installments, and <br /> <br />such Additional Bonds, when issued, may be secured by and payable <br /> <br />from a first lien on and pledge of the net revenues of the System <br /> <br />in the same manner and to the extent as are the Bonds and the re- <br /> <br />ma1n1ng voted bonds, and such Additional Bonds may in all respects <br />../---... be of equal dignity with the Bonds and remaining voted bonds. No <br /> <br />.. <br /> <br />'-- <br /> <br />Additional Bonds, however, shall be issued unless: <br /> <br />-21. <br />
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