My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
646
CITY-OF-BATESVILLE
>
City Clerk
>
Ordinances
>
1954
>
646
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/30/2019 1:26:55 PM
Creation date
8/22/2018 10:53:09 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
10
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).
Show annotations
View images
View plain text
this ordUance and secured hereby and the interest thereon, and to <br />provide an adequate depre c is tion fund, in the manner here3 ina f ter <br />got out. <br />SECTION 7. Sewer Mrstion and Maintenance Fund. There shall <br />be paid frm they Sever Fund into a fund which is hereby cued and <br />designated "Sewer Operation and Maintenance Fund" (hereinafter some- <br />times called " Opera tion Fund'') s on the first day of each month while <br />any of the bonds issued under and secured by this ordinance shall be <br />outstandings sufficient may to pay all the monthly operating expenses <br />and to make reasonable provision for the repair and maintenance of the <br />System. Fixed annual charges, such as insurance and the east of major <br />repair and maintenance expenses shall be computed and set up on an <br />annual basis and one -twelfth of the amoun-� thereof shall be accumulated <br />in said operation Fund each owth. Disbursements from ;said Fund shall <br />include salaries, wi►gees cost of maintenances repair and operation: <br />materials and supplies, pumping casts, .and Insurance, <br />If any surplus shall be accumulated in the Operation Fend over <br />and above the ,amount which shall be necessary to defray the cost of <br />maintaining, repairing, and operating the ,System during the reminder <br />of the thorn current fiscal year and the next ensuing fiscal year, <br />such surplus or excuse May be transferred and paid Joto the Sewer <br />Depreciation Fund or into the Sever Revenue Bond Fund, provided, <br />however, that such transfer or payzent into the Sewer Revenue Bond <br />Fund shall be In addition to an other payments hereinafter required <br />to be made into said fund. <br />SECTION 8. Sewer Revenues Bonda) The reminder of the <br />revenues of the Sywtem, including all revenues from any and all .future <br />extensions and lmprovments to the Systems after making the required <br />payments into said operation Fund, is hereby declared to be the not <br />revenues of said System, There is herby created, and so long as any <br />of the bonds hereby authorized are outstanding there shall be rmain- <br />tained, a special fund to be known as the 'f Sewer Revenue Bond Fund" <br />(sometimes hereinafter referred to as the `eainking fund")v into which <br />there shall be net aside monthly from said net revenues such portion <br />thereof as will be sufficient to pay the interest on said bonds as the <br />
The URL can be used to link to this page
Your browser does not support the video tag.