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854 (2)
CITY-OF-BATESVILLE
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854 (2)
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Section 6. The rates to be charged for the services <br />furnished by the System heretofore fixed by the ordinances <br />of the City Council, and the conditions, rights and obligations <br />pertaining thereto, as set forth in those ordinances, are hereby <br />ratified, confirmed and continued, including without limitation <br />the sewer rates set forth in Ordinance No. 740, adopted and <br />approved January 3, 1967, as amended by Ordinance No. 814, <br />adopted and approved July 11, 1972, and Ordinance No. 844, <br />adopted and approved April 8, 1975, and the water rates set <br />forth in Ordinance No. 681, adopted and approved September 19, <br />1961, as amended by Ordinance No. 712, adopted and approved <br />May 11, 1965, and Ordinance No. 813, adopted and approved <br />July 27, 1972. <br />The City covenants and agrees that the rates shall never <br />1%. <br />be reduced while any of the bonds are outstanding, and, if <br />necessary, from time to time, shall be increased to that <br />amount which will produce net revenues (net revenues being <br />defined as gross revenues less the expenses of operation and <br />maintenance of the System, including all expense items properly <br />attributable to the operation of the System under generally <br />accepted accounting principals applicable to municipal water <br />and sewer systems) at least sufficient to pay principal, interest, <br />and Trustee's and Paying Agent's fees when due, on all bonds <br />to which System revenues are pledged, to make required deposits <br />into the Depreciation Fund, and otherwise comply with the pro- <br />visions of ordinances authorizing bonds. <br />Section 7. None of the facilities or services affored by <br />the System shall be furnished without a charge being made <br />therefor. In the event that the City or any department, agency <br />or instrumentality thereof shall avail itself of the facilities <br />and services afforded by the System, the reasonable value of <br />the services or facilities so afforded shall be charged against <br />the City or such department, agency or instrumentality and shall <br />be paid for as the charges therefor accrue. The revenues so <br />received shall be deemed to be revenues derived from the opera- <br />tion of the System and shall be used and accounted for in the same <br />
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