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'tefAir +K.a'r _.k4�.i.$'F.ailY'"'�.l..l..:�' _ ___ __ _ _ �_-_ `—_� ww�w�-..•�w _ . .._. . _.__ . y.F�� , //`. . nz�r ca��tr�iat� z:�:�r��ro � � � 11u�;unt �1, 1450 � ..,..,_ .,..�-:....:>..,.,�-.-�,�.K:-.�y,.�..�-:.�-.;.;,� � Y � �fibT:�Af�CF: t14. �D5 AI1 AIZS?xl:A:lCii I'Ii4YILI:�:i FU�t iH�s ACqUI3ITI01i A2iD Cpil:I:RUC':IC11T �F' �,cx�::siatrs, �xtrt�ov�cLt^:� ���n r�a�Grusutrr� Te :�i�: u��r.��^y sY3T�.�i OF' ^.il� CT:Y 01` CLEARWA'Pifis F�U- Tnortizxt�a x�;E i:�vr►:�c� o� ;;i��,00a �;urt�dira� u�rzz� ru:-�r�rv� c�r�rz�x� ak^�, a:r� prtovu}xt�c� rc� :Fr nioH�a �lr T3I�S HGLDLlt3 TIiuRHQI� . U� IT Oi{LWI11�D ii7C TlIE CITk COL111IS�ILIt Or^ .lii: C�'I'Y' tik' CI.L•ARWATEIt, I�'Lpfi7.S�A� A5 �'OLLOVY3i ARTxc� a S:ATT,'xOFtY AL:'IiDRI'�SC� i'I,NI:T:73 AIiD iiEi�I:iITT01:3. I. AiIT}IOftTi'Y OA' TftX3 OT�3IIIR1fCE. T}�ia 6rdinanc� ta ndopLod pux�i�ant to �ho praviaipna o1'(:iu�ptor 9710, 8poainl Aota of tho IsRialature of Florlda for tiia pcsor I923� artd a�andr..onte t2ioreof and yuppl,at�ant3 therata, boing the Cr.ax�tor , of the Cwt� ot Clourxatar, und okhar appZieatr].o proviaions D,� ZA1i'1. 2. Fi:IDI;168. It ia hereUy faund nnd datierm:nod aa :ollorrn: (Aj Tt'.at tlie CS,ty oY Clani*rrator nnrr a�ma, opernt4a and rrsairsta:rs ut12.i�y propertiss anppl;vin� �ter, F,a3 4nd saxorn�e sarvicaa in and ta asid Citq nnd ib� ini�bltant� und undar the nbovne�entionod stgtutorT uuw�oritf is vrsgaxered tv tr.nintuln, vperate, �prave and extond suoh ut311ty propartiscs and regulete and Six rensonable rntaa and chargos for the bervi�op fiirnin2ied thoreUy. (H) Th�nt the Cit7 dcrivoA revsnuars lrom rstna, Too� and ahgrFea mde and co�aeo�Ba ror ti:p �ervicea And f9ailttiess of aaid u�ilit� sya�am and na�,d rav- pt�uor� aro not pladgod or encumborod in any �n�inar and thst no obligattana a� as�p kind ara cl':ar�anble a�ainet tha xevoauos of gaid utJ.lit� ap�tea, or an,; r.urt �horaoP, axcopt aa £aZ1o�rQ: (lj TYte �f�� norr i�a qutntandinf; iCu 1lator Fiovenue Cartificstoa, dated Dacambor I, ifl35� in tha prtnairal az�eunt oi' v38,OD0, btiarinf; inrorest et Y.ho rste of four per cent per annurs nnd naturan�, narially on veaor�bet+ ]. af each oP tiia �oara ].350 to 1885, incluslvs, nhich b� the�ir toitna, are payublo Fram and sacured bp R fir�t chnrge on nnd plad�a af t?se rervenuea darlvad 1'rora �ha opor- ation oP tho port�.an af naid zsun�laipnl ut211ty propnrtles auppZyinF xater �ervice , rer�Sninq after pn�non� oP noat� of aperat�on' aui7.htonnnce and r�pairu aS euid partl�rt oS xa�d ubllit� aropertioa. {2) Thn Citp naK has outatandtn� Sta Ges �evanue CortitiCptea, dn�ed Decan�er I, 193t�, in t:�Q principal amou�t of w45,00tl, 6ear3np, intoreet at ttie rste of £our per cantwa {� �) por anntitK nac] a:at�rin� aerial].y on �aoo�ber 1 of eaci3 ot tho peara 14&0 tro 1989, Sttnlu�i�a, n4::ich t�� thoir ti�t��, are Fupabla Sraw und �oauxed by a rirst ahnrgo an and pZedge of �ho ravenuea derfvad Pro� t]�e ogeratian n1' tha partion of snid muniniFal utSllt,q propertios auppl�inq �aa eervice x�susinin� after �.symnnt of coat� of opera�Ion, r.winConance and re;,airs of said nortion of sa:.d utility progortic�s. {3} Tho Citq now has autstandl»� 3�n Gas PJ.ent and Soxor Syater� Ite- t�tndln� F3avenuo CertiflcAtos� datod October 1, 1441, :.n tho prtnci�►1 a�ount o�' ;�15,p00, beerin� interea� ab tho rnto of tt:raa and ono-quarter por cente:� i34�) per o.nmua gnd r.aturinR an Octa�ar 3 tn ChQ ;�e�r� lnbl and 1flS2, 3anu�d purnuent to Ord!rtanne I;cinb4r At34, udoptad by the Cyty Cc�laaion aS �+id Cit;r on Tun- unr� i, ].842� rhich by tl�el,2� to1*ns nre pe�ebla from and �escurad ta;; a Tirst chAr�e on and p].ad�e of who rovanuaa derivad fran tha aperatto�t of tho �artlon o1' said �unicipnl util2ty �rapertfoA sunplying aexer aarvico rer.Ain�nE; sfter puTr.ent oS coeta of oporaticn, �aintena�co e�nd repsl.ra o� snid partion of aufd util:.t� prv- pertlaa and b3 pledFe of tho ravenueg de:tved from tino aparatian ol the portion oS eal.d r�un:cSpal utilit7r propertien aupplying gas aarvice lro��uin!»7q efta7r Fay- �enr oS ao�ta af oparation, msin�enunca and rapaira ot oaid portiion of auid u�ility prvpertion and atter tf:are *sa�a boes� r.wde tihora£ran all payr.anta required to be nnde for �ae benafit aS the ubcte daeartbsd G�a RcsvenUO Certl:lcnt�ss. i4) The City naR hue outatandin{� l�ta t.lunicipal utii_�p Rovos:uo Certi- Sicntas+, Snries o; 1?47, c:ated Daar:nber l, 1947, in tho prittcipnl nnau�t oS ,r,473,Q4O, bearfn� intore�t at t$e rate oS thraa per aent� C�,`�) Por t�r.nws und rtiaturtnF on RecQnbe: 1 oz' 40.CY1 of tho yanrs 1�J50 to 1nG3, Znclualvo, iasued �.u:- suant �o ard�.nance tlo. 550, adopted by the Citi? Cry:�ianfan o!' �nid C�t� on Iiovem�er 27� 1=J47� xhtcit bf thelr La:ms Axa pn7aialo S'rarz ar.d aectired �y a pladPe at nrid klan on the revenuee dori•1ed fron tihc oparation af aflid nuniciral utility prapertiea aftnr the Tw�e�t of all prior at-.nr�ns trexeon in t2te .:.anhor proviQed la enid Ordinnnco ITo. 660. iC) �.nt iha resvenuea a�' the nartion o� aa:d nun:c!.rnl uL�lit;r pro�artie� aupplrin�; aewor ser�ics and �as aerviao ovn:2nb�e for denoat� in th� SdNar ftaV- anuo xl3tecl craated by Section B aS �sid Ox�ir.n1:ce :;unbat� 5�44 far n paxwcd ot' not 1ea� thuti trralva conaecuti�e �fl�tha, to rri�, s �aricd ot ttivelva ccnaecu�iva -:on���, praaadin�; tha adopt7.on af t2:ie or�lannce, �k9V4 baan oqt�ul to nt lcnst ana and thraa- y'.. i _ -- - — — -- — .� ,��`..�r..�. . w• �r• w...- -+r�► ��� �.. w- -...' -r�. �,. �� �- .... ... � .� . .�. ,-... �. �_ .... :i�� .' _ . °i"- . . e , . .' • " '• , � i ..w. rJ�.,..�.w ,.. . . . t-�-•-±-�•r, �� i�. ,°.�. . ._.. • . . . . . . . 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' �ti -tir�:.::�� ; �r�� �. :'' ��;j;' '..:i't�;''"= , ,'�°s�,";�;`� �«; �'�.: .:s� �^`��;;:rt`s °�r�{'�"��,fl;` ,'�; ��: " �b%.� �.Zs•:N �it� .. . : i � ! ;;���.'f��.�; k �� � • `; � .' , sr t� <. .r . .,�t;:°'. ii -`}����_`' � ,� .i{�."S���U 1. ; ; il,�{e•� ��� 4 �3}';1'! °if` '•,�' .'S�''' I �,�;;(:; ��:�xt� �,� '� , ',�i ,._�..f.�... ....,,_., .�_ .�., �� ��; u � fourCha tis�oa tha a�auntn requirod to bo denositad �n �Y.o Ct;e:�..t!cn .1car�;r.t talr +rhich prvv.aion ia rado l.rt aactSon E3 orr3 roqeiirad wa :�o �tcr�r,�:w;;; ;.;;,lo Cortifioatcn 3tnkinb 'rl�nd far r►hials'"pravt�icr� ic �.hrla i:i UA�„ .����_�:'n .:. �.,n:.' tlu�t tha City haa �+roaurod nnel PSled vr,th tho Cit-� Clnrl: i3 :,�•.'.�e._�.' . , �i•nUur}co, s�,aoranaont cn:tSfied >>ublia occou�itant 4f r�cc.,n_:..c. . '. .. �° �ct in t2io re�tulqr ori�ley of �ho CiC�, duxod hu1;u:lt �� i:•�U, re=;±«.� • �� „;r,��:; baeod upon n�caaaar,l invenr,i�,ation L:wt ina r:ut nt�nuu�, .'�,'rorn:ua ut' au:.: :�...._ cipa� ut111ty propnrtiea of auld CiL7 :ar �ho ].n5ti t�ro praccclau; 1'iva:�: ;au:s ituuo t�oan equal to P t IfliAflG ana n�d ono..):a1f tir..oa �i:o �otal r; L::a r�a:::.�:u..^ti p�ount that N111 t�occxte duo in nn� onu cs].endn^ �oar Y'or ilj trot3i ;:rir,cl;;a1 of end intero�ti cn �lto H1un,ic.tFa1 U�iiftip Ruvonue Cal�tit'ic:atau� Snr:.r.5 a: 1.•r'1, non putatandl.rsn, end ��) tho arr.ount tk.nt Ri�l boco�o duu .n at1;r nr.0 aulundn�• �oar t'or �oth principa] of und lntoroaL• on thu cort7.Sicatoa to '�o :�as�od j�ur- aunn� Ln thia Ordir.nnco, urul C��� tho. annual )�rincipnl nnd I.�torest rec�uiro- monta for tha paymon� of tha 0.b090 daanriboci 1'lo�or i;avdnuo CartSf:cutua, Gaa iievanua Cnrtiflonban and (lau T':.an� and Sorrer 5yntar� ftat`at:dir;�; 1io•rar.L� iart�fi- acttiea tinva boo� includod in �:ulc3nf; auch cct��ic�aviori. {D) Thnt tltn aar.tibinnLlon and aanaolldution oT ull �f tl.g a�aro�uSd �:unl,ciral util�ty praFOrtion �uppl�in� srs�or, qas and sattora�;a aarvicus �y prior Fi4tiP11 oT thv City Cor�isoian ia hoxob;; rn�iSied, npnroved nnc� aonfir:;ed, qnd '_n order ta r:.aintn.n a�d craruta �Qici ocnb'_ned nnd eenAn]fdated :�unfci�al utilitq proportios 1� in neaoa�nrq fnr tlze praaorvstion of ti�n hnAlt:�, canvcrs• ,#oncn and aofet;/ of aatd Citq an� it� inhabitnnta tro noqe�ira ar�c: conatract ex� tiaral,on�, is�nrovocen�n and bettom.�ont� to �atd nunici^al �,*._lit, prci�rt�oo, lnaludinF; but xithout �ainr{ li:il�ed ta a stora�,e tunk, ;t:�;�r�, .:n:.n�, i,rsnaurc► contxol �ulvea, p].poA nnd fittiriF,r� far tho portion of 3a1d ut311t; ;.rr.roarr,;.ep ;Zerntai:ir�g �rr�rar �or�ioo, �r.d to Pinanr,o the coat t2:e:uof b,; th� ��zuunca ei the certiPlca �aa ]�nrsin pravidsd _^or. (E) Tl�t uaid municiral utili�ics� nroForti,cs s1:n?1 be '�:�ro•red a::a ex.- tandod subr�tatttinll;� in nocordartcn with tlics pinna snd apeaificaticn� Fr�C:Yrod b� tho Clty�a :ziE;inaor, and heratofcra 1'tlod 3n tha oft:ao aS t2:a Ci�F L'lerl: at an eetimet�d coat aP not ascoedirt� ;�i�5.OQ0. 5ucii ccst a}:ctll �a �pc�^ad ia inc7.ude ti2w ep�t oi' thd aanntruc�ian or acquisitiors of oxtonalorss, improvaMCr.t� nnd bettor:�onta ta said r:unicipal, utilit,; pragertlos, includ#n;; ti;e rscqu:aitian af ar,n �snd3 or intare�� thnrein und of an� fixtureu or oquir�.iont or prapart:eu dooned naceanary or convonia�t thera:ar� irttoreat upaa tho certiSicntas Saaued ,^ursuant to �Z:ia Ordir.anco gricr to, and dur�ng and Por �ix � nn�'.:c nftnr who canpletivr► af sti�c:� oxtenaions, fr:proveLtianta Atfd t�e�tar:tenta, enf,=r.eox�r.� �nd 1oFa� e�go�Aes, vxpenapa Sor e�tii.ntea of costa ar.ci of rovanuos, e.-.nqnaes Pcr plunn, �penificotionrs ur.d aurvags, ad..^�iniatrstivo expen3as tind �:�c:� ot::ar �z- ponsas am �:aJ be neoesaaz�* or incidont to tro S:.nrs.^.c'_r.l; au� .orwxec b�* w►�is Gr- �ir.anao, ar►d t2:e G0179t2`L1C�.LOtt or ecquisi�ion of t:io e::ten��onn, :r�prbver.er�t� nnd battnrmonts nU�hori�ad b� �:�i3 �rdinance an� thd placin�; of sar..e 1: c�a:nticn. (r ) ^-^.:ut the aeti:-.atiad rerenuaa to �a derlvod f:a.: t:�o ono:at'_on oi' au_d coxt�inod end canaolidnhed munlalFa3. utilits propertiva sr1,11 bQ r�ora t:.nn nu�:i- cisn� ta Foy nl]. o�oratln� snd xtaintorsanco cnat3, ta pu; t]:s annun.�. intieras� ot:d sinlcin�, fund requi.raaontn t'or �aid out�xanding �Tatar F?oven�:e CertlfwCAtea, Cr3s Revenuu Certiflcntes, c3aa F'lant nnd 5owor �ys�crn itoftindin�; RQVartua Cttrt3ficu�ea ar.d L:unSaxFal LTtilitJ F:ovenue Certiticstea, Series of 1�347, and ta oa�' t3:o nnrntal interest ur�d 3inlsir.� �und requi.enents far t2io ndditiaruil aarti:in�t�� i:oro_n uuthori�od� ar:d tha� it w111 novflr he neceoear� or nuthorl«rsd to Iev� tax�a on an3� rasl proparty irs said Ctt; to =.n;, tha princ'_pu2 of or :ntaraat ah nn� af t2ie nroromvn�ianed nertiSlaatsa or nertiften�es �o bu i�auod Insraunnt to th_a U:- dinnnco, or to �lte ans of tha resarto, sSrilcing fu�d ar c��or �n;r:ent� �roviddd Por in LY:ia Or�inance� nnd thpt Cl:a cart�f,icnLe� �ssuud �ru:ai:ant to t::�a Gr�ir.ur.co �l�ul], no� con�tituto e l.en upnn an;l af �Y:e anid nun:ai;.al u�il:_� p.o�ert�ea cr upan sn� atYtar �ropartK w?�.atsoover af tho Clt�. ((F j .'1;ut aZJ, af tt:s Qb3i�ntlons oS sa'_d C_t,; aD ur.�erta�:e;� a; u ar.p: esse� b� �.i4 �rocecdln�� puraunnt to t�hich sn1.d ontatn�cltn�; ',��*.or ;�otanua .:ert,:icntaa, Gns Rovonu� Cortif:r.ate�, Gna F'Znnt and 3orrar 5��tom Resttind�.na :{uvonu� •.o: �if:- f f � !i .. n h 3Le o ev. „n. 9n a3 artl icata:, trera Sa .. nr r Q d t:u _ nl Ut• lit Fiavonua C f cat a an st�c p ! S ta ennt�lo the �i�; ¢t t:tia ts�o to �s�ue aGdit_o:.a1 re•>onua cort*:acetes aa horeln proviHed. s. a�Li�:a�rc:: :o coi,s:xTU:�: car.�rr�r,cm, xz oonasaargt:fln ot tr.a a�an�tnn�� oS tho cartificaten a�t:�arized to �o �ssued heretulder by those zrho ahs12 ho7,d �. � � w 1 h �eamod to ..n ur.� s.�,ll can- t}:o �nr�o £ror� t..r;v tc ti�e, �his U:�.cance ci-.s�Z e �titute a cori�ract tiotreo� �he Cit� utSd such cortificataholdcsra, end t::e oovo- nant� an� �►gras:�enta harc+in �et Sorth �a l�e rerSarr:ed `�; anid C:t� shs12 �e Sc; the equsl �et�eftt� protention And aaauritg oS �he 1o�n1 holders cr �n� a::d n�.l ot euch Ce:tilficntes and L�7o aou,:ons attac::ed waeroto, sll p. rrY.�ch ak•.nll be af equa� r2nk sr.d rithout rre:erence, priorlt;f or dia�inction of an; of �!:o cer�i� tScutea ar ooupona ovar nn� otiher �hn,00t, axacpt as oxprEqalf nrov��od t��ore;.:: ntxt hero=n. �F. ::iat A11 provi9lonq nr.d �eclaraticn� !'or �':a orrne:��_t� contrcl, aFerntian and r.:u�7�unar.ca b?. t:ie �it� o_ C�on:y+raknr, :iar�c3u, of _�s -:ur.�ctr31 ut�11t? pragartina au��lyinF �rator, E,an r.r.d sorrnE;e aervico� _n ur.d to sui3 i.�t�• 07 a cc_:Uir.o� sn� consol�dated �nsis a:e l:eret,^ rnt!f'_e� u:,c: :cr.�i�-ed, ar.�� �o� lens na wnq of t::o ravenua certi:icatea hero=r.after uuti:cr�;:o�i raru�;s ou�ctnr.�- :r.g ar.c'. unrn�� aaid :un:ci;sal ut1l�tq ;.ro,�u:ties �?:�3f L•e ac onnel, car.t�oilec, opernted cn� ^aintafna�, and a3�a11 ccna.i�.:to L::o aecu=�t° Tor cn,L :ovar.un certtficAtea ;ero�7a:tor author:«od and 7ro•�ic:ad. u �., ,,,,,. -..�- _.- _- ..� _.. _. ._... .._ _ . _. ... . _ . -- - . . , .: ..y..�,,.�:.,� ,�u " .�' :. . e. . . . . ;: ' �' �-.�. �� . 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Tiwt fnr �iia ;.u�poau of oana�r.iatini; ostenaicnn, it�provemariLn nnd , t�ottamon�a ta ne�d x�un,�aipnl utllfty' praportioa Ottera l�o aha tttiaro ni�a haralr arc:erod lanuda t�io nn�;otiat�lu t:urticir.nl Vti]ity fidvnrnan Ca�tifica�aa, :laricp of 1480, of aaid Cit� in tita total rrtnairaz ano�irt� o,C 4nn 1iur�ra� T�renty- i'iva T2:ousar.d Dpllnra (u12S,OCp). 3nid Cortif�catac a:,n11 bo in the r�oncsn- � 7.rnt.an at' ;iz��00 aeah, nr,all t�a rn�rsborad 1 Lo 12a� tncluoivu� n1io11 L•a dntad �1�na l, 195�� nnd ai.dl]. baor :ntnront nt tlza rata ct' tlzreo por canti:..� (3,,} por � annur� Fa��Ulo nemi-�unnuull;, on tha fira� daJq af J:.no ulsl 'Joaonbnr oT onnh �oar, and aaid porti::entoa a1�a11 lzoarno cluo in th4ir nur.or�,cnl or�ur an �acor�L•ar 1 of aoch yanr� �G,000 In onch of �ro �anra I45� io 1�3�if3, incluniva, w10,�00 in oeah of tho yan:s 1467 to 14G3� inal.uulva� ancl (,16,OQ(� i7 nncii oS tha �opr� 14G4 and 19GG, graVidocl� tYat aaid anrtii'1,aahao numborod �G tn 2:5, incluolvo, at�oll i�a aptionsl far rodenpxl.on by nnld City pri�r to rwLuritf in r�ilala� or in part fn tlw invorao orrior of thoir r.:aC•sxi�? (lono t.`mn n11 af a aingzo :iaturitr ta 3a ueJ.aatar! b� 2ot) on Deoar..}�nr 1, 135G, or an an� intoront x.a;,._ent dato thoranftor, arxi :n tho ovant of tho exorcwsa af a�tah r1Fht ot ro- d�e�ptian oP an;r pi' anid aartif3cnto� aa ot'orapaid aatd Cith ��roas �a nu to t!:a holdar t}�eroof unon ra�loMnbion of auuh aartiPlan�oo i��orant in ar.:di�ton tn �l•.n � ovidencod by irttorent coupot�� tlton aacruod, in nn annunL oquul to �h: od ror Qent (3;;� of �Y:o nri:�ci;.al arour.t thpraof if ca2lad for rador.fptic� on or pricr ta i3eoembor I, 14369; tsro nor aant f��j af tl:a prinatl^a2 ar.:aus�t thareal' S: cullod for rndamption thoroaTtor nt�d an or prior to Jeccmber 1, 1fiGI; ano per aent (1;�) p�' tho prino3pal �houn� tlioraof if collad far radamption L1:are.. sF:ar and on or �rior to �oonr�bor 7., l�fi3� nn� without pa;r..ant af additior.ai intero�t iP cal�ed _or redoa:ptio� ti2:e.eufter, and nni8 C'_t,� orraea tY.at notice oS an� auch re�tot�ption identiS;�ing the cartifinqtoa to ba rodeemed �rill L•o gubliahod ut loest o7ae not leaa tiisn t2iirt,; 3a�s �rfor to tha radomp�ion c:a:a in a nen�l.aper or financlal journai of �snera7. clroulu+;ion publialted in the CiL� at :le►r Y�rlc, :T�rr York, at�d any atiich cartifl,cntoa tliva cn].ltd for re� der:p�ion end as to �hlch Sund� Por tiha retirement thoreaf nre d�poait$d at the desi�,nabed olaae of pa�an� on ar befare �uoh redeutptiart dnto x11I conne tq t:terent'tar bear intarast. 3nid cor�iSiaa�ea s23s11 vn ��nh�e as to both nrirr- ciFa], and intrerust in lnwilil rnaneq oT tho Unitad SCa�Q� ot Anerian pt tho pri7- ci�az off'_ca at Cherical L'en1� a^zust Ccz�gon�, 2n tha Cit� of iiew York, 2tee York. 6. T}uit �nid certiSicatas aha11 oa oxeauted an behu�I of aaid Citv i�y ita Cit3 Auditor and CJ,erk und its C1t� tlana�4r, arsl caun�er�i�r.ed h� 1xa ;.:� or- Cos.�isslonor, nn3 sf�all hnva inpS�oeaed thereon thn carnarate sea2 oT the C�.t� of C�eursrs+�or. intorest an 3aid oertiSicqtea at the ruto of thraa per cant•.iz7 (3;,) per atu�Lri s2�.e11 be rapreaentad ba ccupona utLaci:ed to each of ap:d certi- f:ae�sa axecuzed r+ith tho Sxas�ile siFnaturoe ot said Ci�q Audttor and Clerl�, Cit� ::anager and L:a�or-Oou�►iasioper, or.d said ofS�cia�a, b�* t.`ie axacutian aS 3ai3 aertificates, sr.al7, adop� as nnd for tiieir otrn �ropnr a3f,naturon t2tieir raspoctivc 1`acaSrsw�.e sigria�ires a7penrin� an suid coupons. 7. 'Ti�at aa�� cortiSicetes and the �ravi�ian�► ta appear an the baak thero- of shall be in aubstantiall� the foilo�riag Por�: tiliX'I'�:D STAi�'S bF' �:�:iiC,1 83'i.Ts^ OF "r'LbR2bA cotn,^rY oF Pz:-�:LUs • CiT3' Of�' C7yARSYA'I'F:R L:U:EIO�PAL T3`:I�Ld:'1 W:VE:iCtE CF.!?�'IFiCATFs SERi?S ar 3eso �O • r�J2 � �i�� T:-:I: CI;*1 �F CT�.1R�Y,�T�R, in t2:e County of Pi;�ellaa or.cf S�ate ot :�orida, far value reaaived, harei�y prenfsas to ;,IIy sol.sl.; Trtr: the �pecial �and �ra- videci t]iereSor, a3 hare�na_°tor aet ^or�h, �o :he UGarer or, if b:�ia ceri2Ticatc i�o re�istared us to princi�ul, to tha ro�i�torad orrr,er he^eof, an the 1'�rat �a� af Leaember, 19 , the prinaipal �u_� of One ^housand Do2lars (v1,000) anQ to pax Sroa said spncinl I�nd 2�Lereat tlicreon Sro� tho date 2aox�eaf nt t;�e couYon :�te ot three ger aent (3;;} pe: annura seMi nnm�ail� an the firat zuy o.^ �uria nnd �eceraber of euc� ,;aar untii zaid, �xcept aa tlie �roviniona herei�a.tar �et Sarth wi�h reapecC �o rod�ption �ng be ar.d bac�a spgllaaU].e hercto, aucli intaxest s9 aferenaid ua t:¢� accrue an nnd priar ta t2io RLurtt� date 8ereoi' to bp xafd anl; u�on �ho presen�a��on and gurrender of tha ar.nexed :ntareat cou�ons as tha� sevorall� becor.a cue. �3otii nri�cipnl af ar.d lr.tere�t an Lhls certl�iceta sre �a;abie i7 Iewf�il mortey o,� `he L'n1t�d Statoa a£ E�:-a:1ca a� t::a princij:al afflce af Cher.l.aa� ?ank fe �'ruab Coripnnq, in tY.e ��t; ef ;�ew York, ::en Yor1s. ;:i_� certi:RCato =s ano of an :saue r.us�tere� cor.aocut_veZ� frcr.. 2 ta ].?5, incZusivo, iseued b� �uid City pu:eusnC to nncl Sn 1titI1 ccrigZ.lance w»Ch the ?ra� # v:alons o� �h� Con�tiLuCiort 9nd iaws af �he SLate af cicriaa, SnclLdi:� tY.o clprtor lnn eS :nwd Cit�, u: d r.trauant to �n o�vinance d3i1;� sdo�tn� b;* the C! t; ► Ca�.mlaaion of auid C=t;. �ie '_ssue aF aartiflent^u ol :Y21!cii �i:7.s corti:_cete _a ona �ta bean But!:ori�ed ar.d 2s�ued for the rurpose o_^ Fag_r.� Artd :Sr.a::einr �he oast of ir:g^oVe^ent3� better_nent� u::d aatendiona to Lhe nun!ais.81 -:t1liti;r pro- ger�ies o_^ 3II�d Cxt„ 311�]7;�P:::F� nuter, r:�s ahcl �er�ahe sar:•ices. �t �� gro•��ded in sa�d a�tir.ance th�t the Car.�laston o." sni� Cit;r a::mll fi : ur.d ��:ntai7 ^�x�es a^d aollant charqoa for the tac:l.t3aa ar.d aervices 3�for=ad r- �a=d ut'_lit, prc- pertien suffioient �o pro��:3s rQVenLOa u�equate et n12 ti�n� to �a9 C2:e c�at e: apa:�atMn�;, r:ain�atn.n�; sn� re,r.a:rin�; same� a:t3 :o nay 1:�1�o a spec!al 11xnd creat- ad �� said on3innrtcc a�mau7�a S1:il;r 9�1�ficlant, aStnr a1].axu�ce _"r.r auch aaats et operaticn� r..alnter.anee �nd renz.r�� te orovida ;ar t::e rrcr:�*� ra;rrrtert� o^ tha r �+a� :r�' y» �w-• +�.�- �. -w.- �.- �. -.--.. � .... ..... .�.- �. ,.... .. � � � « �. ; s;^--- -- . . . ,•, q•: , � c�.,.,qr,�:+�^,^ , .. .. _ ., ,.�..�,,.t ....... , -. . ., t ,. . � , . <71� . ... �, � � � , . . e . ., . . 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'. `• ';:i�Y�r r%.�} 'i -�7i}.,' '�� ,�r'Jt'� •ti }, `(�; �'�''„fta �� .'i ' `.,.i ;�1� :,S"�.' ,�Ir: ,'�"4:i.v'�rf.' �'�•'t, •f Y , �'• ). .�',�,�.'Y' ����5. `^1._,,, �- f�' ���e 1•� I� ' j'!^, �' �.r r �:f�~ � .���M`",i5:�};` ` '�il.i"�''.ri•�:;.,<';;. � 1�,� ;;s�' , ;,.:��,��,,:. Si�.s,�r , . '�:i,•- ;'�,n ?��..cG :��...>�.�>• ....., � ,.._., _ .,.�.M.. E u .+; • .+t�r^ -. cscar: ..:�r Ir. a.c rm: - _ t ... -� .... ,-«— �� . .�.. - QI;'Y CCb�,f i3�Y4�� biE::T'I17� / Aui;ua� �1, �nEd `'''�� r LI`'��::.it1I:3 :�0. f`:7J� t'i0I7C��� . Snterent an nnd rr.;.r.i�al c: ae�N _sti+�a of a�rtificntee and all other oorti- fiQOtan lnaued r.n o�t�;•,' ".. ':'• ,��.+' «:: .rc!�r t'.n reatrictinitn pnd provini+fna of � aaid o�:innnaa= _ncl�:�i:.�: �.3;• :•.;"_r.••:�a:' :nnun c.^ yfi25,00[) tlunlalpal Util1L,; Revanun Cortificntas ,Inr.�ti ': �:�-,. ��r 2� 1;.�17, uS N}::c:� ��173�000 are ot��a�nr�clln�; �, na af tn� dn",h her�nP; ,�rv;'�.:r.:, �.i: ..tti• ,r►n ot�tntnrd;n� celrt�►in 5'la�or Iiava- nue Cartiftpntr��, C}ua �'•avur.�.« ,;<>�'.�.•i��it�n uric; una Plant nr:d �oxer 5;rnton He- f1:nclinF; iiavnnuo ���r"•:_"lcu�o�, '7:,�,::. :sJ ttinlr tatt7n aru p�gnUla lrort �nd ae- curod bf a firn� r.h��z•a•,n on an� »lrs;;� oC roap�nCivoly tho rnvnnuna darived Prom tho oporntio� af t:�o erut�s; xarka uw:lit;s nroportian, unrrer aqptmst and the F;aa plant and n�atart of oai�I Cit� ror.�n:^.'.al; a��cr ru;�t:�ant af contn af aparntlan �.nintananon ana rnruir� oi t}:ono ��o,.aotSvo rnr�iono of auid�t�uttini�nl utl2�t� n progertl.on�' nnd paynaned ir.to an�d �poainl Syr.d oa oforaanid uro aul�,iaot to t110 veate�i 1ril4}�ta oi' tlyo 2ia]clarn af nuc}i of a[�!d lrntor Eiavnnuo GarCificutao, Gaa Ra�arsuo Corti."iaAtas ar.d Gaa P1nnE and :iarrnr 3tiat�n IZuf1in�linf� Itavonuo Corti- fientes na rtux ba nutatandinE; frr,n t:no tn tir^a. :'ii7.0 cortSfScnte� irtaludln�; inZereot hareon, ia �Sn;,nhla �o�ol� trom anid npaaial 111rid and doon nat nanqxi- tute an istdob�edposa o: �aid Cit;+ Nithi� Cho noanin�; of ats7 oonatStutior.ali otatutar� or chartoi� ],ir�itat,nn. The Citq of Clcarnutor in undor no abZi.. E,etiona to �ny th�.a cartificnto or wntnraat t3ioroan exaopt fror.� tho t+ovanuorr of the t.unic3pnl utiZ:�N proportina Qa atoro�uid. Cr�rt,lt'±co Caa n: ti:o iu��=n of wh:ch tr:� cart.it'iantn ia ono, mtmbored 2ff to 1E5� inc�,usive, �xb o��iar.al fcr re�aMpticn b,; aaid City priar ta r..aturit7 :n rrhoJ.a, or in port in tY:� i7vor�o or��ar of tholr s:nLuritq (�a�s t1�n all of a ain�;l.o rsntt:rity tp be 3olnc�ed �� lat}, on 4�scen�er 1, 1958, or an ariy intora�t {:n�ant �nto t.:csr�uT�nr, azd Sn tho ovant of tho etarclaa a^ such r�f;h� of reZongtrion o: an� o: asid certiSic�ton aa a:orocaid 3uid Cit;� agreea to �;a7 to t;SO hnl�or thcroof upon rode�ption a: auch csrtiiflenCcs irs�areat !n ad�itSon to tha� avi�enced b� intcrasL cousoaa thon accruvd, in an anaunt �quul bo tihree por cent a: tlso j-rin:i�n� ar.aunt tl:erno;' i: called for redemption an ar nrinr to neocnUer 1, ].1358; tria par cent of t:;n princiFt►], onounb thoraof if cai]ed for radn�ption Lharaoftar und on or prtor to Docen�ar �, 19G1; ana pqr aent a' trhe princ1p.41 Ar.icunt thcsroaf if aalled Sor redenptian thereafCer r�nd on or priar to L'oconbar 1, 1963; nnd �rithoeit payr:ant af a�ditionsl interes� iP aallod Tor radrr.tntion ",.heraaSter, nr.d au�.d Citg a�;ree� thnt notico af an� �uc27 � redenption idantif;ring thn cer�iSicaties to t�a rodeaMed, will ba pubxiahQd at lennt onao not ],aas t!vin thirt,; dav3 priar to tho ra@anption dote 1z a navrs� �.aper or financ3sl jourr.aZ o: f;enaral ciroulRtion �ublinhed in �ho Cit9 of t:eer �or3t� ila+r �.'ork, r+:�d �np suc2: Dertificates itius cAlled _or :edra�ption snd n� ta tzh_cl: 11xr.d� Sor thv *etirenent tharaaS nro @snaai�od at tho desiF,nated pinae a: �c►7nen� an or bafore such rodomption du�o will cease to thnrea:tar bear in�orest. .ktis cerxSficAta rrith intoreat coupvna heraun�o npportninin� _s la�ued upcn the fallowin5 tQr.:zs ar.d Qon3ltions to aII o: ,rh=cli each �a'.rar and o+mar tlarea° und o:' t::e _ntere3 � ccurcna can�enta ar.d a�,reeQs {� ) T;.t].e to thla corti°wante, un].nsa re�;:,�tared ea iiersin nrc�'_�ed nnd to tho aaneacecE `ntarast coupons na� bo traria^srrod by de3ive.� 1n the aame :.-�n.^,er as s nnFo�_Ab�e .natru�ont �yatala �o bearor; (b) Arrf Persan in �os�a�sioq af this cert'__icate, unlasa reF3stcred ss ::aroin prov3�esd, o� of t2:e interestr coupan3 herei:ntn appartninl:s�, re�,nlv- lesn of tha �snner in �rhich pasaesaion sl:nl� w.a+:o baen acquired, Sa hareby aut2iorized to reprnsant hi�anlS as �he sbsoluto oena^ t:�ereo: arr: is :�ars�,; �;s�r.tea po+�er �o t:bna:er absolute Litlo t2�ornto b� dellverg tharaof to ��vr.a :i@e purc:�ssor, tl.nt Ss, to anryone who �!�11 rurcksuae tho sar..a For vslua (pre- „ent ar Antecedon�} tri�:;cut notice af �ricr deTenaon or aqui�_e� or c?s�^� of crrner�hi� er.�'arcenl�la a�cinat ;;i� trnnax'error; eve�- j�rior fin;;or or atirner cP 'his cert:f,cAte, ur.2assa re�;,r�tarea an herein n�o�ined ar.ci et tha n::nor.od intc�ra�t cc>>por.s, r��ivas a.d runcu�ceu a11 0l ly1.a aqu:t�o� or �iU:ta tl�a:�ln in :c�vor af eve�:ry 3ucii subsequant i�ona fide purcr.aoar, ar.d aver; �uch bcna �ida purchaser a1u+�.1 aoqui^o E3�:66It;�o tiLle tY:e:ato nr.d tn all riKltt� :^�prasenta� ::1t3: db; j e!':d ic} ahe ��t;� oF Clears,re�er r.,u;r trust tiio bearer o_° Citiis certii_cota, �nlnss re�;=starpd as Y:eroih pxavidt+d, or o: Lkso iriterast co�:ponn Y:v:aunta s�nert�'_nir.�;, as the Al�aclute cAnor thereof for t311 Pu:po�os x:w`iout .eir.g ufi'ecteu b5� �.ng ttiot:.ce �o tho aarstrar; � A11 acta, cancllL_ons ar.d th�nE;3 required i;; ttie Const! tut�oh a::n ]avra of Flaridn, end the c:�.urter oP said Citv tic happon, exiat and l�a por�er..ad prQCa�ant �o ar.c� �:� tYta �3�usnce ei' t.'�3a oerti�.cr,te, ]:AVe �:ej7pB77flGi oxist and l�ava L•ean per:ornesd as so ^ec�:_xQd. 'T'.ii3 ce:tlficnte '_a rs�i.��erabla n� to prwnnipaZ ulcr.o in aCCOtt!nr.ce r:i�h :Y:fl �rov=s±oi�s en�orsed :�ereon. ZI� '�7,T:�:�;5 S'�;?�R's:Cr^ anid Cit� of Cleaxmater ::n9 oa::scsd :::�s certi:'ica:ts to =a e::ocutad cr. ita teasi_° tg i �s City ��u�_tcr nr,� C1crls a7C � �� Cit•� Z:.�r.a,re�, counter3t�;r.a� by its �;�yar-Cor,�issicner, under .tts corrorrste eonl, nnd Li:a in- tere�t coupcna hareto attac!�ed to be exacutec n�:`: t�a "acs{r..:la ��t;nat�rea oF ssid oS�=cars, a?1 aa cf ti::e flrat Ca;* oS �une� 1.ri�0. (ii'�'r C: CiI�'''i�:l','ini:=.'t� _ �C:'.S.':n �r � y �un or c,r.., �..�: Countor�!�riadt ..aiy�ar-4aa::.iiss or.e: L•r ..;�;• :.II:A40: «. r. �.. �,,. �.... �...- �.-. .,.._. ,_... � �. Y ._.. .� ._ „,. z � ..._ _ .� ..- ......��i.'�:.r.f�..f-.r<*,"'�r�+�+n.r...r��.-r� nng.w, . , ... �S,i�du�+�: � ::.v��.ii::�'f�;° ;�7i�:`.3':: . . r, '�.+� - 7 . , t1n., .. `JS.�9n`v't!s �e � '� ��-,,� �i:� r.s,;✓'s{„�:''.•I ��i . },'�:Se:T:.w�(yY ,��1`�.�t ;<�'Y"•N��` . 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' ;► Gu t2:n Ci: at dn;; uP , 3.D , t2�a Cf t� of C�osrrrntor� t'�oririn� rrSll Fu� ta L'�arer nG t�1�uKl�cnl �anl; �c T2�siab Ccr�pnny�, :n tho Cit7 af .1qrr 'larlq .:u�r :'ark, �ltio aurE af Fiftoan uollnra (;;a6.G0} saanYr fron t2io upaoiul futtd r�+rcrrfl� �❑ i� aiid ,Cor ti�o ao�i-.annuol ,intoront thon �ua upisr� iCa t;ursiet�a� :�+:31!t;r }iaronuu L'orti.^.cate� :3arlun of 1:�80� c:utod ;uno 2� �,t}60� ;Ru:;�orad.� . , �..: 1 . r „ V .J t QI' litl V I)X'�� � y r.anai;or .6vA2`+v6i'.f7 SII10AE2� � (I'UF�: h'r' VhLI1iA'I'Ic?11 C�FTII'ZUk:E) �� �: � �;,-.g `�mli'�►tad qr.d con�irt�:ad L•, n dec.�e of tY.o Ctrau{t Cour� 01' Che SS.�ctYi %�.�� ,'i�d�cinl Circuit, tn ut�d fox Pino1]aa Cnutitv, i'loridu, randoroc: on thti da7 °r.#�; , " °� , �'°fi�• :' �..�"t'+.✓:.; •:•S -�i 4�'i:.i�x��sA �•`�i'':; SY''°� : r�; r;{,� `��' :.^ x;:;: :.{•. >��Q'�� r'� ;,%yAr�£`� t t r r � .,i. � c�� rtt c� s : ; iv r%.. �. .. e? � � � yi • �"^ la.{.'�.�'w'Si�� s s, ork of ssid raqlti Ccurt ' (C,e,fiT�'I:Y4ATE OF iiiny�:RAiT4IT} ^_�i_� cortiTicstQ r..ap bs re�istexed s� to princi�nl on t1iB bonits o�' the Clt; na.ciztor a�d Cfcrrk of the Citv of ClAnrs�tar t�rul r�ntat3en nr nuoh rp�i�trs- tion r.udfl here�n� and thfs cart1ticata s.A� tlie�rea:tier be tt�an�xa�rod on ctnid booka by n�rriGtan a�aio;}roat b� �::o rer�,utierec'. owr�er or !�l.s st�arnQ� , d��l� ackttaeledr,acI, ar �r4ved� and notattarr uf auch �rana_"nr an�'orsed ?tetreon. 3uc}: tranafar r.,,;* be �a bearar nr.cl thereb-- trannforabi��ty b� dellvex; shnll 1se ,asworad, subjoct, 2iaRaver, to auacaaaita ra�3stratian und t�r�i'nr as be�ore. :lia prinaiFal ot tf:=a 4tiI't�f�4(lte� i: rg�;*stared, n71oa� rgf;istared to L•aa:ror, s3'.all be raf¢b�e CnI.;, to the ra�;istaxnZ crmor, ar ?;13 Za�;ul regi�oaentative, auL tha cr.upnns a*portainirk, hareto rr�ll rar.snin r.pyablo to baarer, natvr:.tY:- . ��u�di�� ra�;istra�ian o� t1�ia cert�Picata. 3i�,r��w,�ro o� � .in.:.o af ia�e of C�.t7 r�o�;iuti$rad iiebis� Auditar ts � _ �TQIL� OS' .. �.._ . - _ "I'A 4 + OII . Cl� PSC., r - _,�. . � ,�,�..� . _ ' � , ---- � � -- . ' � B. m]•,a. :,a!d CartSPica�a� sY.all bo ro�;'sCersble as ta nrl.ncl�l ir. uoco�srsce aith the �I'0•l�dwotr� Por ro,Z13tra�fan ;:ere�:��e:are pro•rtdod far ei;- �or9enent �iran sel�' certi:Icates, �nd the Cit� Ausl?ter and Clark is herotap appointed end deu±rnnted Ra�istxsr for nucYt purpoaa. :To ciu�rf;a srnll �e r.iude to nny fiolder of as�.d cert3flasto� i'or the pr*_v17.4�a at ro�tatraticrt. 9. '�^.:st the� C,tv of Claarrmtar heroU� cvver.ar.ta ar.d a�;resas rrith aaclti sueCOn�_•ro Ho],d�r o; ti�a Carti:_cates Horoin aut?:Cri�od und tti� ccu^ona thorfl� to attae2;ad tl•at �0 1ct1g R3 nn� of �ha snid cqrti�7.cutes arc cutstundln� it rr311 co�ti»kcusl;� crrn, con�:ol, o,r.arnLa and r:ninta:n :�� �.:.inicipal t:i1_�7 �rap�rt'_es su�pl;•3nF, xa�er, �;es �nd aen��e servicaa !.^. und, �o s�i� CZt;r e� a � C01.7�7:n9C� R::L CCY:D9�:.4�A��Gi �.F19_3 1]^'� W�u Fl� flwj. ��:'700 :�:: Oi1d S'14:ntain ��fl3 ' �i:'� CC«ZOCt C2T62'f;03 :42' �!:9 i3C�j.�tfOJ nr.d �Q^V�v'd6 II�'iCT'GSCl �,7 �Pi.'�. 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Y;u � �:. . . .. , x: €� �. _. � ,_ = i��. .k , � � X b� 0 r CITX C4t1.7$`3IQiI L:EL•'�'I:1(� at�;u�� az, z��a QrclSnAnco E}.r,tiG, Cont+d. � (a ) ^.o x�wint�in frnn CY:a aaca�utitn�Ia ravQnuaa ,^raM t1:e ^ort! on of tfuodCartilicntna�Sinitingablind�' �7I'6�IIfIQQOII�1dC2`6QUiI'OCI�C01�7U «nintainod�to�vpr -;n uouuro tha �yr,;unt ot tl:a proaant2p ourntnndinF cina Ruvonuo Cnr�i."icntoo ai' oaid L'it� dntad l:aoarti�ar 1, 14�5. (d) io Gtnintairs lrnn Lho naaattntnblo rovnnuoa :'mn tlio por�inn vf ouid uttlits �ropartion �uppl�irs�; 5aa narvicot� nr.ei 1'uailiEias ar.d ae�rre�r aer- v:aoa nnd 1'ncilftion tho "�ofundin�; Rovarnia L'ortii]'�cn�nn Sinitin�; Furd" pro- vfdort and raqiiiract to ba r�tntulhac! :,ndar t}:n ,r�rnv;,alnnn ox tD;o a'�ova dno- orlbqd Ordirancu 21unl�ar 4E34 to naattrn tho pn;f:-ant of ��tah o; t1:a .�na rinnt and aaxor ��stam Rofund3n�; Rovom�u Curtit'icataa an r^ny �o frnr: tit;u tq �i::o oi�tntandinE;� a�d ap�nificall� to oaa��7ro tho oxiatpnaa o: nuc11 rs�vonuos nnnuull; aqua], ta aflo attd throa^fourtha tL•to� x}:a 0.rau�tita raquSred La bo da- pasitrsd In auld dinkinl; ft�nd ur�.' in ths a�oratiori I�C4qlltt� j:u,�uunt to tha provtatona a: Soctior► E3 oP auSd Ord�nunao l:unbar 4{3�i. {u) :o muintain �ho aroa:aZ ;htnd croutoc2 tinci doaSF;nnd r�:�.�ninirxil Utility P.evnnua Cartifiau�aa 31nk`_n�; 'rYird,�� undor C3:es provinionn of tho �bove dascr�bod Oidinanco ;iu:stror 5fi0 aui'.iciont Eo �rovlc�a Sdr thn tu;rronf: oi' ti:o princ�+.�a� o� �nd intereat on tho aiiw�tnndln�; �:unici�.r.l 11ti11�y Ruvanuq Cexti- ficntes, �oriaa of 14h7, tha intorent on tritc cortii'icatea i�araln aut.':ori�nd ar.d tho�o lioroin perc►ittud tn ba iusuod c� u pori�� thoro:rl.th a� 3uali interost fn1l� due, Fo; thd princi�nl t}ioroaf nt or bo:ora raturity, and tn oro�id� qnd r.n::s- tuin u roanrvo for corsxin�oncien ay horeinn°tor pro•riclod; ur,d (t'j ;'o pra�ido far ancf por�it to �a aot s��3dn intA II DFf9C,a1 �rd itarpb� croated nnd dosi�nntod "Daproc:ation 'rluid" n� nnouttt equal to at lou3t thrac rar ca�� of tho rra�a recoipt� or revonuoQ o: �u_d r.iunioi;.Ail� arTnod ar.� oForntod titilitp prop�rtion nrsd ta �a unod for o:ctonnian or resplacanant oS oanitul naae�a ot eaid prapartiaa nnd utilit3.u�. ." r r+ 10. i}wt tk:a �;:oaa revorivaa o: aald utilit� pro�nrt�.as ar.all be de- pas_te� na rescoftr.d !n s 11:nd sepnrnCo and a'curt fron ull otrar fur.d� ox ocenu;:t� a: sai� aitp, to be das!bnuted as �he "UtiilftT itovpmia ��srtd,`t nrovidad tr.at, an lon�; p� thoro ara oiit�tendin�; and unna�� u,n7 0�' �hQ sfore3ni3 S7nter AQeanuu Cartifiantos, Gns Iiuvenuo Certi:icatos or Gus Plnnt and 5awar SyateM Rpllindin�, Ilovenun Cort:t'icatea of �aid c1t�, a aapurato accour.t'_n�; si:u1,1 bn kapt o: t':e ar..ount of �t:ch �roaa ra�anuna a: tlio roapoativo poz+tifona ot uoid utili:; nra- parttas. ^_::e r.ionasa ist said Acco�int al-.n11 bcs soL a�ida on t.:u :�rat da;; o: eac?� r.anth into sopnrato artci 3peaiul ilincta a� foilon�: (a) O�e�raCiQn, t.atntrsnAnce anr! ltopair I�rs�s _'horn 3.':nll be u�nd lc:'�cmi ss thu ttOpgretion, ;:aintennnca nn� iiepoir i�srtfl," 1n�o rrtiich thares a�ull he pafd tlontr�v ottt oF the t;rosa x�evonuea n a�iF£3.cisnt nnatu�� fcr t:�a :enaon- ablo current a::gan3as oT ouoratins, �.a�ntain'_t��; and re,r,nirin�; `k:a eu{E uti11L;: prapertie�; provic�ed, �Yatr so �or,�; a� Li:era �re out��ancl.n�.; ar.d ur.rai� an,; o: ti:e aferosnid '�rntar �ovdnue i.or�iPicaten, Gas �ierena4 L'arti::.pntes, a: Cas F�ant und Serrq� S��Ler.► :�efundinE Ftevanue Carti:ian�as a: �a1� cit;', a aeparate acceuntinF �i•A11 be kopt of tha raasonabZa current exNen�ea af aperatfng� ma!n- �a��1n�; ¢nd repeiri�� �::o re�p�ativo po:tionn ol' �I.d tttili�;, 'proportfas, and the atr.ounts �heraal' shn11 bo ci:nr�oab2o u�s inat tha 34�:F12'IICQ e,ccot:nt!r.F o.° tY.Q S_o�A ravenue� frcn tho�e par}ions of 3�_3 ut111t� pra�ert_4u; {b) ti7ator Ftuverue CerCificatea �inl�int; :timd; 50 �or.�, a� �Y:ora ara aut�tnndin�; nr,d unrn_d Az? ti7nter :�evenue e4rcirs�at4s o:.an�d ai�;�, datacE : ece�:or 1, 1�3�, t:tore a!^b1I �e taid :nto tY.o �pao_a1 : sr.� aacur_r.�; t?:o ra;- .:ant �Z:oraot' �ho rc�quix4d n:acur.t� :rort �ha adruruto aacaun�inr o: *.?:o re�a.^.ur� r af tt.fl eort»on o: an_d util_t� proportius a4npl��nr; rmror e�rvloes ar.d .°ac1l_�ioa, nII as ;:rov:c:ac: und reqc:irQd �v ti:a �rocc+cr�]�rtr,s' pur�::ent tn rhich sn3d 17Ator "rcrlsn 3ta�•nnae L'erti._CAt09 �nrn 33nue� ar.d nra r.nrr autatan�ln;,; (c j uns Ro't�nue Cortl.°ianties 3'_r�k=nr; i�nd: 5o Ienf; na t�ern aro ou�- 3tunc:�:s;, und �:r:�a1d an� f;aa Ravenue CartiSicatic� oi' sa�� c_�� �ntad �aaer.t�ar '_, 1��5� taero �hnil �o ^nid ir.ta �::o uptialaY 11�stfl securin., �::n �;r;�en� thsreo« the requiro� ar�o::nC`s Srot� the aa^nra�a nocount.�.r.�; o: .ha �eve:�uan c: tP:a ;.ar» tian af �a�� IyY�w+y� proport�es 3up�3�irss �ao .�ervlcoa �: d�'c.cilit�ea, all as �rovidod and required b7 tha prnceedi7�a puraua::t �o :+:�ich 3uid Gaa Revonuo Cert�ficntas trare Ssnuod and r�ra ncrr outstpr.dlst�; fd) fia:lt7din� Aav�nue Certificutaa Sin3:�rt�; :�.d: 50 lcn� tsa tt:ero sre rn:�standSnE ond un�i� an� of t2:o abo�e deacri6ed Gaa Plan� ar� �,errer :i0- �landin�; :';ovonuo Cer�iSicaLoa there a��ll �e pa3.d Writo t!:e anoc�nl fazd sscurir.h t2:o na-�r;ent tlzoreqf, Cilc rac�ui^ed a�;at:n�� �'rcn tho se�a�:eto acco�::t3nG o_° �`:e re�nnue3 of t�;o porticn of said utilit� �ro�gs�':'_as �u�niy'.:�; ,;aa ser•rices nr.d focil_ties ar.3 aewar �ervice� nnd fuoilltio� �ra•rid�d ta l:a ^a_� �k:oreir,to ur.�ar t::s Fro�iuion� oi' �Y:o utcreaa=d Ordirtunce d:unbor 3ak, anC it 13 s�eo�- ficn�l� pravi�ed, recibed ur� uhrce� tiat noth'_n�; in t'.3�a ord_nanca eontsirsed srall bo cortstruad to p�ad�e to tl:e pu�ent oS tY:e Cartt._cu*ca ?:erein att�l:or- i�ed rovenues to i�e derivod Trc�t tlte porGion of aaid ut�],�t; pro}�nr�.ea uupp��- in� �tt3 sorvico� and :acil_tiu�, axcept to �he oxtent t:.nt si:c2ti rc �anua� er.la: ir. an umoun� oqual to one nnd three-:ourtha t_naa tha a�ouata required to be doj.os_tod irs tt=e Apc:�ation ;,aaouaC and li4ilandin� P.nvenun Car�__*_cufios sin;cinr, clsnd ac�abZ_a�;ad by Sac�_or. r3 af o�id On.''i:pnaa t;ut;3�er =64. n�.l cFirg9r..on�� anc: obl_Fationa Y.araln contalnecf ar.d L:roaed on t:tn c_ty U; ?nrt, jt;r�ua:�*_ �c •••:i_c;: �::o c'_t;: ar.s►11 iieraa.ter t�e ablip;nted to t-n:tn the re�onuo3 af 3oi� r.cr�- binod utl.I.:t� �rorort:e� sttfSic�or:t to carr7 �t �1-1 af L]:a ot�l�,;ot_cr.9 4T �:1�8 € . �._----- ---------- �-------. ---. _�. _ . �:-. :.. .�... ._. .-.... -,�.,. ..... _._ -.... _. ._ ..� _ _. ._. .�. .... _ _ _ _ .. _ `.r�".... 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'�s, .,�..',s.t'. �,t�.`•�lsyr.I;. ,°�r � . , �•�'��d1j ��i:tl.,�_�.:! °,i�;� .;l.g -,=�9 • - . r.�� tL ,�,Yry�:Z'�;'=r';- ��.:. + # e :.;...( ',. ..r' � r� � '�. . � . :� � s. .•o ,r. .�� �.. ... f ;... ,. .: .' :,.":' i,r�: P yr Y� ��#w�.5.i`�+J6�tt�..'""%"..:i.�a".4�-.a�.s.�..._w......u.,..erAra��.lt�'la;:✓:Gri�.. ryr ..`,;�.Yt�� � a �'.�:ar.�iara��a�.<.u..x.w.:J.:.......�a.el�i�euw�'.i� w:T�.`�tAx4`�s71 • � r �i r� . °i ax�t cor.atzssza�t �.:E�xxr�a Au�unt 21� I950 Orrilnnnoo /l6fl5� ConC�d. oitlinonooi n1iall Uo aa aanati•uod ns to requiro tk�o citr to i�ppao u�:d oollou� xn�ao atic� c�mr�aa for �}:o acr�oclltion nnc! sorvSaou aupFliod b;• wuld aotyuirad ut1116p proport:oo in an ar.,ntint hill� autfxeiont ta aarr�f out ull avcki nb.. li�;atlart� e�ftor t}:uro hu�a i�aun doductnd t2tnraSrora �;AO a�;d sowox rnvo�uou in on nnnunt dqual ta ana and thrav-faurtha tixtaa tho amouslta reqt�irad to bo daponitnd !» onid O�ornt7.on Aanauht arxi Eiall.indin�; Rovonuo Cort;.flooton Sinlc- lt� k�nd undor t�zo pi�oViui�nn ol BAnGiott ti ol' Crcltnnnaa 1:�uti�ar �1t14 nfcrouAid. (o j S,:uniolFal Ctilitp iievonun Cort�.Sicatao 33nkinc; f•lmds '�lZo nl.iuniQiral iJ�ilitq Rovo�uo Coxtiftcabop Si�ilt.tt►; klind��� (Iiarnir.nftar aam�tiiro�s roforrod tn uo Elto °alnkin�; furtdn) a1u►1I bo uaad aalol, arxl onl;r far tlia pur- poua of puJ!nF; �ho prinnij:ul o: nnd .ntoront cn :::o ctiibatust3ink I:un�,al.,a1 i,�ility Rovenua CnrtxSicataq, �orieo af 1U47, t:zo Carti; icata�s ;�qro�:t �utiioi•i::ucl, ur.ct ar.� atici,itlona]. cartiSicatan Cr.at nap Uu ;aauad on n rnrit� tk:oroxitli t.nder tha rooiriatian� nr.d pravis2onu iioroiru�Ttur aot fart23. A�'tnr r.ukl.n;; t::o roquirdd nor►trli2y pa,;.,�vntu inta L*;Q C�;aration, 3.:nin- tonancc ar.d ?ajalr c1sn�1� into tho Nator 1ror1c3 1;ovat;ua Co:tificutian :.iriki:.� :s:��i, lrtta tha Gan Ravaetuo Cortificn�oa Sinkin(; i�„fl, ur.d it�to t2lo RotundinF Rn•rn.. huo Certificatua 31n1:in�; r�nd a� liorainboSorn in thia Soct�on pravi�od� tltaro ahAll than bo 3q� atxirt nnd ;.aid fnCn anid olnlcinri il.and ancil �nnr in aqusil nanthl� SnatuZlr..en�a a oui'ficiQnt portian of tha rarwinin�; f;roon revonuoa :or tha aervicva and faQil.it:on rendarad by aaid x�untciFul u�iI1C;� propaxtinn po nn �o p4S pramgtl� rriio� cluo tho ��taroa� on n��c; tiia princt�aZ af n11 s►ialr ourtl- ��oaCoo lrors ti:.•,o tio t:mo autatandint; Ar.d �o alao aronte du:SnF thn :ir�t fivo ;;anr� ;p7,3,osviru; t:�o da,to cT ia61i61'!C9 af nn, m:o}� oortwSicu�us, nnd to thore- a:ter r.nln�uiti a roaorve _n �nid iun:; ir: pn u�ou:it oq�a� �o tar. �a� eettt (lt];:} vf i:lzo �rittoi;.u7. us�cu:st of such eprtificntas CheroCc:oro iauuoc. C�,�„�tat_cns rar ��ci� �ont:�1; l.n;;::cntia slem?Z �o �a�e ua a^ L'acenUar ]. o: cach .eAr, nr.d �::u A::ou7� i;o ba ao uati a�art und �:aid into saici ainl:! n�; i�nd ir. euci4 �:anti: Srt- ur.d a�ter aucli L'acarsber 1�I;A1Z Lq ono-six�h oS trha cuyaunt ot in�qrau� to ca.. aoG.� c:ue cn �ho next auaC04di:1� intare�t ra^�r:on� �a�a p;,ua ane-t:�a�^th aT t::e u�ount of �r;nni,.n1 to boccno duo on t3in 7ar.t auccoo�ti��; aooa.►Lnr 1, Yrpv3drd, Sar tho Pirct ffvo ;,ear� loi2r�!ng t::o cic�re oS i�auancn of nn•� .•ovenua ce.t;.- c flcata� a� oddit'_on23. attoun� af auid rovomaaa �]tiall bo rntcl �rto snid u1n?:�r.�; _ur.d mot�thlJ ao tha� ot �ha or.d af aaid poriod ot Fiva ;;eurs a reucrvo t7i11 :u� �o boon accun:u?.�ted oqual to �an por oent (1.di) of �Iio nrinci�.u1 as�cur,t of un•r aucli certi�ica�es. Tf, in an; t.:cnth, thnra ba u Sail:�ra �'o^ ar.� ��naa3 °a �;; tltia requirod antoun� :n�a sa3fl ainkln� tk�nd, tk:e datfclflnc;� n2�s�Il �e aaGQa to �ho p,�aunt o�?:errriao roqui:ed �a bp net A�ar� nr.d �:aiQ it;ta �aid �nd �urir.:; tho �uaceedi:t�, zionth. iio rart oS a�ac: a�nl:iZL fund slu�ll Ue uuew or a�F'liad �a �ha rQ�ani.t.iaa of cerCificn�es nr=or to r..etur�t;, unl��o R31 0: tl:e co:�t�fSr.ates tIt�n o:���tand- i::;; are to ae radoanod or :et'_red, i;o :urti:ar l.a;,�x:un�a r.aad be �.uc:o in�a ,�u3d sin.:inf; tur.ci rrlian a:td �o loi�F.; n� t::a nnau.tt �hur, iinld t2_u_ain, !ncZuLlnr, �'_:q :e�erne, i� qquttl to t}:o er.tirs c�r.:oun� a#' inte':aa� +�nd j.rir.cl�.a1 �:L:t •.:,?1 :;� l.a�uhlo at ancl hei'ore the tir..� oT rotirer..ent of all o. auoli cort,:icate� �!�Q� r�r�.inir.r ou�atandin�. (f } :,eprec'_n �1on i�isnd : T�:e re at:a ii k�� ;.a 1�. _nto t�xa "3oprec ib t' otz :`.sr.�« an amouri� oqua3. to at leaat Chroe Far cent (2;} of t::o �;rosa reae��:tn or ^avanues of 9IIid t�ul�ial;.nAl� otzned ur.d oparatad ut�'_i�� prqpartwas ta :�c e�3od fc: oxtereaians ar rBplacenents oT ca�lta3, aaant� of anid rroperties ar.ci ut:;.!;.�a�. Zz eaati �an�li a.Car nAkin�; tho roqulrad r,a;-r.tant .'.:tto aoverAl h:sic:n u� }:arnin�reFors in �hia �aaticn pro�idod, tkie balanc4 I.n tau L'�il±b7' Rs��enua clzr.� (in oxcesn ot tho nr.zounL oatinated U� tf:d Cit� Ccc.nisAion �o l�� �eR:tw;ed to �a :ri�r.dzYt�m tl�cresfrcr. du:1n� tha naxt succacdin�; �:»oa i:a::tiis :or ].:.;;o ;,c;rnoat3) :�a3 te ae� apnrt end ?:nic; iato t?:e "�oprecictt_on rhsnd'� and 8e :�ao� for j:n;, inr tt�e aout of r.ocnssnr^�' er.tena_ons and rap3.aconenCa ta t:�e sni� ::ur.3ci:a:. u�ilit� propert,iea ta t!zo csstent raqnired :rvrt tt::cs tc t_r�Q i'or wati ;u�a�e ar.d ot:�crxiae ati:ch knZar,ca ;.�ay t:.a u�ad to liurah.ssa cr ret�.� cert'_.icutoa !n udtance of r.aturit� or �� �o er.�onded or rr:th�ra�-n on ardr�r o: tt:o CiEr �cr..- ::i�a3en for nn� J.asrtb,l purgoao. ��1 :aona� vrhich '_s or 9214�:ZG� t7D h? :w� ferei�nin�; provi�icaa rul� :n:a ti:o sinkitt� fund i� 1:oroL;r plodFad to tho pa�r;ent of t:ie 'nL'ore3t aa nn1 �:ritz- oirn�, o: tl�e ouistar.d�7�; i;unioipAl litiliCp �ievan:aa Certi_lcato�, 3oz•'_an af 1h�7, t:�e cartil'icnten hora�r.Ue_ore uutaori�od atx: s4c�: oc;d�tions.l cert'_.°ic¢�es �r.:c- in�; cn a j.ar�t� t.iflroMit�i frort tL:.a Lo t'.-�a outatnr.din�; and �rhlch are ;a,r3;�le theraPran, ar.d said r�cner aaa? 3. be do�o�_ted in n aolve�t �iar.i: cr bar.ica us s 11ind aepp,rp,bo anc� agart i'ro� u�l otl:or nuri�ci�nZ S�,�r.c:a, ancl oach ar.,: ever_ su�:: 3apaait, �o tho axt�r.t i� cn;:saa .he n�-1;re�;a�q OS dQF�3!t3 by �ui3 v_;.y :z �::c:: :nnlc �o Ue tt1 e.;aeas o: •;5,C00. sl�l]. �e con�ir.unll;,� 3ecur�ci L•y surs�,r benc, c_ L•ond3 ;r_��tton b,; n suret;► ao��rar� or ca::Faniea aT rocc„n_�e� a �nr.��n;, cr L� �::u ��x'_d p2ed;,o of dlrect o�wi;;a�±cn3 0: �lio Unikod :;te�e� p!' ;,z;qrica, :a��_-,; rsn n�;�;ra�ato r.ar�:crt vnl�;e, e::olusive o: acnrun� inters�t, at a�l �_°:es aquvl to tf39 A17qtiTlt p: �t3C�l OSCOOD. 11. T::E� t:�e aarti:ic�to� s�thoriaed to �a ,s�:ac: l:Q:,z:r.c;er srall t�� cn n j.u._t-• rri�}: tYo ;,:un1a1�1 i'�ility :?over.ue ::a:twfwos*.oa, 5er1u� a: ?3•,^, a3 �u �ouxt3o and secur�t? 1`or tha FnYr::ent t?iarsof Sro:: tlie ro�emiea o_ t::o ut:lit•• progar�les nnd aYw1I not he �ptltiled to �r:a_ _t,r a::a o•rer tl:s o:ha^ in t:.o � applicu:icn vf tlza revenuua ai �ro t:�niai��1, utilwt;- j,r�;:ertiun, =e�;arr'.ess cP Che tfr:e or t��ea oP tho_r lanuance, it bair.�, t::o inten�icn �r.n* tY.4rs �::�� 1 ba ho ^rioxi�;; a;�on�; t2ta ccr�:;lonto� �.,,;�:,13ouc os' t?:u fnct that t;:a;; :ca� L•� ac- ��u11y l,3sucsd arid dellvara� n� c:i°:ar��t ti-o�. '�?:e C_t; nrraea ^et �o irtcur ar.;; eticliti:.ar.al ob11�;a�ian3 ;:aynblo S.c:: t}:e revanssas o^ 3�id ir.�nia�i.al u�il:�J .:.. ..� ..... ;.....- ..,_ _.__ ....._ _.. ._.. _ �... _ _ � ,.._ _ � _ _. �:1I}� � "�R'`�:%�`�;YSY'�;"���.iti{. . . r�:4,+. . _ .-t &:. 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''.T� .'Se, ,'��:`s� r$''•,;' `"'' p2�oroT�1o21 :�hia1� tr311 }.avo Priarit•r :n an;; rapronE ta tlto oarCi:Scntoa !:aroin �, �.'_'"'=��'' '`.'��'` aut2torizodt ,�raviclnd, t1rut qnid ci�� Iiorot; roa�3rvau ",Y;o rif;ttt and rrivi7a�e .; '3���;�.�:, ,.,•.�`.�.;�..�:;:-;-;',' i oT l.�puin,r, ncld�tiot;nl aartificnto� frcn tir.io tn tirya ,ruyablc :ren tl:n rovanuocr ' �,..k�.,>;,•,.r.;;=:°;, � .: � ul na1Q niunia:;.u]. utllit7 proror*.ion ratif::nF; on a�nritf srith vha cortific;nGau ;.,°.;,.. ;..;+ -•,�� ' 1�erob1 atihhorixocl onr] Lho oUtotandtnj, i�uniclFul iftilih; Rovnrnie Cortiif�fCntna, ..�.;,,,u:' ? 3arina af 1�47, in ot�nr to pn7 �lio aoat ot a:tl;onnl�no� ii:provonnnt� u:td bot,totti ' � �. � � r..onta to uuid �roporCion� pl•qvllad, Ck:nt Ln:ora u�1;; uacli pd�it�pttnl cortiTicatoa .. � :_ :: �•:,.` �. •.. i'. , nnkii��; ot� u rarit� r�ny bo ldssuud �I�nro �lui�l hn :c baan praaared n��� f ilu�i tirx�lt �� '� y' �'���•;. � � �i�o Cibq Clork of ou;d niCy R aCA�OPlu11t �f ati Ir.do�on�ion� ca=•ti.fiad �uUlio uo- , '�.y-ti�'�'.`�''' �;�r QOGfi�877C Qi 2'tlC17t;!1iMOQ 2'Oj!Z:�A�:.OR ?70�: �T1 v}}0 I'07:L]SAI` fl11�Zi." 4i t}70 Cik� PCCi�— , •'_ inF; tha np:n.art buoed upon nnconaatJ invoa�i�;ptton thut tt:o nn� annuul royntsuau � '� �,. o! asid �unioffiul utiliCy propnrtioa of aAid aitv t�r tho laat ttro procedlnq •- � i�.,;•:;.. ,:�.-�.��., : ' fiaoal yonrn hua been aquai to nt Ienat one er,d qrto-1ss11` timen tlio Lotal of the •� � . � maxim� anounC tiwt wlll hncor�a �lue in any ane c�londYr �onr for (1) b4th prin- �• �� ' oipel of end SntaroaC an tho au�atunding llunieipal iltii].ity Revanua �ertiflc�toa� .. . 2 • F ' ' ��, � . . �. � .. . '���, =� � , � f /�.. ���. f • ' l,,. ', ... . :'•F •� ',t� � >'r., . .. :,�-: .. ,t,,,: 1 '`,� i : r.� ...' '"i.� >,�:F.,. .`�' . C�� � ' i '51,.�. .-�j ;�; '', : ; .. ,'`t'. '-k"',s , 4' -rS, �.I� ",�:,°` � �. 't' �i„� ��. � . �Y' :;,:C� � ., ': �] ,4� � ; +L•!i ' ; � C� ::. �-;�1 � � , .`."t, �t, f �,�� ,ry ' . • j `. ', � �. .;i; � - �t ,.r�, .,', :t`. ��1 : a {�~ _S. .�P :� �r� � . �. �,r: . ,"E:� _ ".I° ��- -�iJ ` `' ` •S,' / � �:i;-' . � }' ! . �' �'• , � � . , �,. :y;� ,'i'� . ,` ; y,; ; ;��' :�"�� ,t"s ;t: ;L€;';- _� ; � . ,'�-i� ,i#�" �,:`•�,,: �� ,t,,�:` ; ., ,;', ,. :.i� �. �� ,.zi,F. ;!'. ; ..,;.'�' �,1. .' •`' �{�+ ',';y; ,�.' :'', .z� ''' � r'1h 'S";�' „z�i�. :3 ! ' �•f . � •,} r� . L„i4.i �i�- '.I�y.��.1 ' =j .•f �i . •, • ' ' �, �'��,' �; t'i�"t=. ,��l�.i: ��P*� 4tt. ���j't e • ���.,�,,.. ` ' :ri.! .;y�` .I.� . !��� �� .e'. 'fi,�� "',�-.�:;.<, :;!' :�" 'i,l i`}ili1�Y�ijS�. .•SI� �4}, ����AaS�F1'�'. :.<:i�;':s,� ;�r�'•,' l°3��;j;';•:i'II j �it`; iii:4 S 'f:' ;i` ' s' ..' ¢t.,. . . ,' ,t: �'�, :r,�.�;_'" ' � •�^':;` ` �:r`:� j''• � �'` :t` . °-�'`�,"�' \ _f'ryi'�+i'�::� 'w�;f�:� '.I�};.i^,:I ' rA�i; i�-;� ; i.' :��t �'�i.�' •'f,�'�:,",�. ��i� i,i; :�'"5�+.�fii�'-'�������: ��:•�'� ',��; c � '� t�'is. :a. �� ��,.ii:::. ��,r;��v�,�'e'°�:�_�,fi�+.�.�'�i"t,F.'' • � � Soriea oT 1447 and tho aertifioataa Saauad horoundor thon aututnrnling, and () tho amoant tha� �rill boaomo dua fn pny ono culnndnr yaar tor both prinniFal of und intarot�t on tho aortifiCatoa than prapoand te bo insued; and grovidad nlan that tho intaroat peqt�ant datao Par anq auoh additionnl aortiticatoa s1u�11 be eemi-nnnuslly on �unn 3. nnd Dpeetnbor 1 of oach yanr und tho principnl maturitioe of such nddttl.orw]. eartitiq��oa ahall be on l�aoembar 1 of thfl qear in nhtch nnq of auch prinol.p�l 1� �ohedulad Co beaomo duo; and pravided a��o Ghat xhilo anid oity Yu�e ou�atendihq �,n7 iin�or Ravonuo CarCif�.cstoe or (}sa fiavonun CortitScetea, dato�! veaomber 1, 14�5� ar tlae P1anC nt�d Se*er Syntoa Rof►u�din� Revenua Oertifi- tsrstiea, tltia unnuaZ prinnipnl and ir►te�oat roqu3,romenta for pnyraent of 68G70 shnll be ina].udod Sm m�king oueh aanputntion. Tho additionol cartfficatocs, thn i�aunncn of rrhiah ia r�atrictud by ttt3.a nnc�iqn� s}vi1� ba undorr�tood to taean ai�Lisationa paqaUlo rrom tho rovonuea of tho municipal u�ility propertioo on a purity �riCh t$o certlitcatoa hornin �pecfTicallp au�horizad and ahn1� not be deaQed to innlvdo other ablS�ntions, tho seauritq of which is aubordinnto qnd auhjeat to tho prior and aiiporior noat�rit� af tho aartiticabeg quthorixed to ba t�aued �y thie o:,d,tnanae. "tie� narninga�� Are detinod na qro3n revanuas, lnas ogara�ing eapeneaa, nhich �hn12 inalude a�t►riea, �ra�,ea, coa� of maintennnce and oporating s.atarlAla and auppllon, guaping coaba, 2nauranCe end nsal.ntonunca expatx3ltu�qn. The pravielon� of thia aontiqn ero aubjeat �a the axcaption ttuit 1f, u priar to tho pngr.�ont oT tha certlt7.ca�a� hereln eu�hori�od, i� ahall te found deeiratale �o rofland anme, or any othor cortifiaetoa ronking on a paxitq ti�ore- nith, caid certiTtuetes ar arty part thereqf r.uty 3so xro3lindod, and the retund�n� certificatea ao i�aued ahall on�oy complete D[iUq],�t� nttd parity �rith tho portion of asid aprt2ticetaa hh2ch !a noZ ralLndod, iS an7 rhere be, and th� refut�dinR oertlflcntea ahall continue to anjog', xhate�er, priarity ovnr euba4quent issua� tihat xsay hsve bean enjayed by Lhvi cer�iTicatoq� �horeby retunded; providad, hor- ever, that it only a portton of the nertitica�as ou�e�anding la so rafundod ia auch manner ttuit �he intore�ti rato i� incrensed or that �ha retl�t�ding cartifi- u aatos maturn at a dstie ear3.ior than Che �oturlty date oS Any o� thn cerLi�'SceCaa not refundoci, then ouch certiPicntaa nuy nat t�e raPunded on auah Furit� wlthaut tiha con�ont oT the holdera of �he unrefunded portion af all of Lhe carCi�icnxa�, fihen outatanding. ].$. It is haretr� Caveru3,nted und a�,rood that eo Zan�, as an� oi the r, car�ii'icutea herab� euthorizod nra autntanding tho ciLy xt1Z carrq adequRta fire and nindstorm inaurnnno on a�l buildln�s and st:ticturea af tho ntiil.3ty propertiea which are 9ubjeat tio losa through fire or xtndatos� und xill cerry edaquute �,b].io linbf7.itg' inaurancq nnd n111 otlteriri3o cArry �n�uranca ot �ho kl.nda Aad in the 8�16W1�6 nvrnuilly aarriod fn the operation of aimt2nr utilitq properties in Plortdu. A11 monay reaolved rar los�na undar sny of buch ineurnnce, ex4ept pubZic ltatrt�,�ty, ar� axaopt a� nuy be othpr+ylae requirod b� raason of oontract righta veoted in tha holdora o1' an� oS tho ou�etnrxiing cer�ificntea �s3sble frora the revenuea oP Cha u�ility praperties, ahnlZ be �id l.nto trho AepreciaLian Fiirid and diaburaed for Eha aame purpnaas ea ara other dlahursement3 Srar� the Dapreclstion �nd. I3. Titat �e city heraby aavortan�a and ngree� it �Ii2 asuaa proper booka and accounta adapted to the utilltv propertia� to be kert and Rill �au�e �he hooke and aacounte to tre audttod snnuaZly by a reca�nZzed tndependent certrified public Apcou:ntant and rri�1 nake genaraZly avatlable ta the hoJ.ders of eny oT the certifioatee tho balanca �heet and the prafi� ar.d loaa atateesant a� certified by auah accountnnt. Tha holdere of atsy of eaid certiticntos �r�7.J. hmve nb nll roaaonahle tri.mea tho riqhb to inapaat tlle utility prprertie� ar.d tha recarda, Accounta an3 deta ot �ha aity relnting tttereta. 1�, Thub while tha certli'icatea authori�ed heroln, or en� of the�� resnain autstnndfn� and unpaid thc raten Sor all aorvicaa and SuclZities ren- de;red bp setd utiZtt� propartiea tc aaid att;• end to St� citizans and ta ali cansumern wtthin ar without t2:e boun�'nrios at anlfl City ehn11 ba reaeonablo and just, bakin� into nocount and caneideratiqn �1} the eoat and VBj,tlb oP tho propartlea and the aoat oi tnsl.nxainip� und a�oratin„ �auo, (2� thc prc�er ar.d naceaear,�, allowances for �he depreciati�n �hen�oaf, 4nc: (3} �he amcur.�s rv.. auira� to be �+eid ln�o the aink,r.� 11�nd tor tho :ntaresat ors ar.d retireMOnt cf tho oor�ificnta� hereist uuthorized or ner�ittud ta be isaued, stsd thare mt.a21 �be char{;ed arxi onfqrcad n�;sinat all u3era o: :aid eervica8 end f¢cillties, in- a3udirs�; an.d city� such ratea and arounts� as s1:e11 �e ac:equa�o to rsao� the re- quimmenta ot thfa o�inanco. 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T'!tn proviniotttf o,C �t�J.n nrclinn�rtct nny i�o ar�:orand L�;; .:.�t:::+►~,.:n ar in� �unotton an t�otynlf of tho ha�dare of t�ha cortitica�an f:•�:: ':M�,:�r :o t'_rio auC.. atand�nf�,, l�ut Choro ahnl2 bo nn 11a�ility ad,�uc�tantacl ttiuryunuar aKUinat tho Cits a� o wholo� nor ot;oinnE any �qnornl aorpor6t� fttndn ar uunota ci' t:ia ciby, I - � la� Thn�t tha n�riod af uneiUllnonn of�tha i�provo�o��v. extnnaiona ond be�EonKOntia n}►ia2i ara �a be aon�bruatnd wiCh tha prannodn of t}in a�:tifica�on horein auChorlwad in hereby i'ound �o ba nat lflaa thun tttlr�;/-fiti•a �anrn. � 17. T'iwt �eh Kront:ar�a, ats attorna� Por tiio C;,tq af ClacriKrntar, in „ hornbq uuthorizod and dl.rootcd to Eaka oppraprinte procondln�n ir► Etso Cirauit Oour� oT xho lf.la�h Judiaia]. Cirauit of Flor,idu, in and tor Pinallua Countg, Por tha vslidatiun o2' apid narti�icntea� and tho tfayor, CiLy blanurer and City Auditor and C3,e'rft ara suthnt+ixad to �i�n any docunanta doonad naaeanarv fn aunh prnaeed� inqa. T2ta ccr�ltfaA�au lterob� Authoriznd a?�11 he aold nnu do2lvored ,�,n �t1ch mnnr►er end upari micli �eitns as mny be preaax±hed Uy tha Clty Cor.mieaion. A11 gumn reaeived qa aaorisad intoreat �hbll bo peld t�bo tha ninkinR Itind and al]. athar prooaoda a2m 2], ba ax�ertdad ott arc3or CP Lha �iiy Coz�l�aton Tar thr� �ntrpone for nhich uaid certl,l'taaCen nrv horaiil nut!iorized. IQ. Thnt i.t any nection, �►rn�raph, c2au�e or praviaion ai` thio or� d3narsoe �t�n].l ba held to be i.nvalid or unnnt'orcanble for �nf renaqn, Gha in- ��aliditp or unanforcnuLll.iCy of nucli aaction, pora�xsph, claune or proviaian aha11 not ettaat nn7 of tF�.e racninin� provisian� of thi� ardSnunce. 1f3. Tiwb b;,� reuson oP tlso urqent naod for iVnda to pay tY:a coaG of those improve�aortta, extenalona and bettexr.►enta, au horoin pravided, for tk:o protsnrvu- tion oT tho Ysealth, aafatq and xelfsxa aP tho l,l7ntu�bi,�su►tu of said city, an emer.. ntu �onej i� heret�g dealsred eM thin ordiru►nea ahull �a irt Pull forco and afPeet ix�ediuta2� upon ita adoptian ae pravided bp lae. �� ±r�?��'Y14 F'A3SED OZi firat readfn�, Auguat 7, k95t1 PA55EA Oti aeaond read1ng, nu�rupt Z7� I,$5Q Pl�SBEsD a21D A�3QFT� on ti�rd anc! t1na2 readSng, August Z7, Ip5Q Iinrr•,�D. Sur�etxr.t _ .., -----,- -- b:a�or- orsa anianer Attest: x. a. 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