My WebLink
|
Help
|
About
|
Sign Out
Browse
Search
O-1965-730
LaPorte
>
Legislative records
>
GR1000-05 Ordinances - GR1000-05 Ordinances & Resolutions
>
1960's
>
1965
>
O-1965-730
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/2/2016 3:38:26 PM
Creation date
10/24/2006 11:27:42 AM
Metadata
Fields
Template:
Legislative Records
Legislative Type
Ordinance
Date
12/27/1965
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
22
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />",. <br /> <br />. <br /> <br />. <br /> <br />and periodi~ items of maintenance. It is also provided that the <br /> <br />items which the City has agreed to provide from its General Fund <br /> <br />Revenues, as provided in this Ordinance, shall not constitute <br /> <br />items of Maintenance. and Operation Expenses. <br /> <br />(d) The term "Net Revenues" shall mean the amount <br /> <br />remaining after 'deducting the Maintenance and Operation Expenses <br /> <br />from the Gross Revenues. <br /> <br />(e) .The term "Bonds" shall mean the Bonds authorized <br /> <br />I <br /> <br />to be issued and d~livered by this Ordinance. <br /> <br />,(f) The .term "Additional Bonds" shall mean the addi- <br /> <br />tional parity revenue bonds which the City reserves the right to <br /> <br />issue and deliver in the future, as provided by this Ordinance. <br /> <br />Section 9. PLEDGE. The Bonds and all Additional <br /> <br />Bonds, and the interest thereon, are and shall be payable from <br /> <br />and secured by an,irrevocable first lien on and pledge of the N t <br /> <br />Revenues of the Airport, and said Net Revenues are further <br /> <br />pledged irrevocably to the establishment and maintenance of the <br /> <br />. <br /> <br />Funds hereina:i;ter created. <br /> <br />Section 10. RATES. The City covenants qnd agrees <br /> <br />with the holders of the Bpnds and all Additional Bonds, as <br /> <br />follows: <br /> <br />.(a) That it will 'at all times fix, maintain, enforce, <br /> <br />charge, and collect for services rendered by the Airport, rates, <br /> <br />charges, and amounts which will produce Gross Revenues at least <br /> <br />sufficient to pay all Operation and Maintenance Expenses, and t <br /> <br /> <br />provide Net Revenues a~equate to pay promptly all of the princi <br /> <br />. <br /> <br />pal of and intere~t:on the Bonds and' all Additional Bonds, and <br /> <br />make all deposit's ,n<;>w or hereafter required to be made into the <br />Funds created a~d' established, by. thi~ Ordinance. <br />
The URL can be used to link to this page
Your browser does not support the video tag.