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G:`::,;.°'..�,;,..°.�,,;� :�,_�.���r �XT�t�Sial�tS <1N� Ii�iPi�4VLM�NTS TO Tl�� jV1��'�R AND "a�t�1�R SYSx�P�5 ANI} STORM S�VJERS P . �+t �,..,":n°.,',;' _' OI" �'H� CTTY aF CL�ARWAT�R T'�td��Lf15 Cqi1NTY F'LORZI311. PRDV�DTNG FOR T�iE P��Y- ,s: �, � , •�`A: I ! 1 , � I 1 � I . ;': . , : ;r' :x��. ." :. ): . r:.; f 1 . �'�'�'.`:�:.:,.:� �;.�_ �' . MrHT OR R�FUt3I���iG OF" G��T1tI:N �ll'�aT,'1i11I3��lfir ��3L�t'►1',TTONS* Al1T��QRI�TI�G `PH� ISSi3- .: ; : ' , . .� ' �� � �I.''•,: , `��' ,t'NC� OF' ���1 �U� 000 iI'��LI�rY �t�v��u� c�t�`t�i'�C!►T�S FRQVII}zNG I'0� TH�IR MATiiRT�'Y � t r � � � t . � , � � •_�.���;�Vs� .;; �;^1��� °�' '�`i�:'�.��:"� ' , • ' ' � _ � , , GO'i'IAD�Li'�Y l�N�} RECISTRATION OF SAID : ,. ;.,,;:.:;..;��,.:.::;�;�;` :, ; _;. - .. . nA I`�S . FFtO{nDIN� i'OH � H� �X�CUT�Ol�, NF .��;:..��E`��;' ;.' .. �... . . C�R`�'TF�CA�'�S• PROVID]:NG I'0�. f�LP�,fIC�Fri��1T Al1ID 1't'�YZ�ENT t]I�' bSi1T�LATED DESTROYED . �;" �. . ``.�: � ' ;�`�'�'�: , � STOL�I� Ai�D LOST C�RTZr�C�T�S� PRQVID�NG FOR `Pii� COV�NANTS AI3D S�EVENUES t��SD � `.f: ,. �� :.;�;�s::'�',', :`.` �, ' ,APPLI:C��mI�N QP R�VENiJES OF S�1ID CERT��'.�CA'I'�S� P�?OVID�NG FOR THF COLI�NAIvTS �:` '�.��'' .'` .. i�. 1.NI3 O�L�GAT�OF`a OT�' TH� CITY OF CL�,'tHE�ItT�R UND�Ft SkTI7 C��TIFICAT�S• PRQVIDTNG '�:z. _,,:.��::..��'�:..;�` ; , s ; .• A� � �:., :�:;.•; ,. ... . . �'O2i �HE rS�'ABL�SHTf�NT Q£�' THE ��U�'II,TTY SYST�I�i R�V�NUE FUND�� AI�D PRpVxAI�G . ,1, ,.. ;��� :;� ,. ; :�.: �,.� r ;f — ,�r .�.,`.,:•' :. .�� : FOR Tli� QFE�ZATIQN l+�1i1 iytATP1TENliidCE THC�tEC�F• �i�OV�I�xNG F4R 'PH� DISPOS�TiON DI' , . �'�,.��:�z �:.°�=� � .: . �. . . � `•�:: `: : ..; �£"�::�; '� . . i2�V�f�UI:S T�'ROM '�I�� AI`ORrS,12D REV�NU� FUND� �LTM�TING �'HE ADbITIONA� OBLZGAT�ONS ... . :..:..... :.:...... .. ..:... .. ._.�:�.:�:�:::::.:_ti..�; :� r��. �.::r :� : 1�133�CH P�TAY B� ZSSiJ�D ACAI�iS'� TH� S�CUF2iTY !'LTDG�D FOF� SAID C�RT�F�CRT�S � PRO- .:::..,�„�,"°,":.:_,:"-. .�-,.....,.�. ; VTD�NG FOR REM�DI�S OF CERTI�'ICAT�HOLA�RS LZI�f��ING P�QiIIT�'ICATTaiV OR AhI�i1D- �.. �.. ,y. , , � � � . � � s .-: �`"';';;�;:,:;�:�;:�.;'.,::`-=:=.:�..;:;.,:�.:•�. A'i�Nm OF TH�S ORtiIN1'�NCE° P:?DVZDIi�'G FOR TH� S�V�RABFL�TY OI' TH� PRQViS��NS �� �'i'' �' ��' � H�R�QF., PF�OVIn�NG FOR THE ISSUAAiC� AND SAI,E �P TH� C�R�'zPTCAT�S PROV�DING . . ; ,+, ., � : � , � . � , � � � � � . n•i'•µx'vt.'; ,' ,"t. � •.� ., Y �<.;:ti, t�:�� �,'��'�; �-;:����" .� f Oii �'!�E VALTDATION OI+' SASD C�RTTFICAT�S; PROVxDTNG �'HA�' Tl1xS ORDZNAI�CE IS AN ;�� ,::.,' r; ,.. -;,'".,,�::'� �NIERGENCY 1�'l�ASUI��� ANI7 PROVIDZiVG FOR REPERL OF ORD�NANC�S AND �.ESOLUTIONS 1':;��`'`�:'•e;�'��`�:.��:f'.��- °�9�;`.`:..�:, •�; �� IN CON�'LxCT NER�U�xTH TQ TH� EXTENT DF T�IEIR C�fVT'LICT. . r�,., .:: .: %. : ,: •::;'' .:: :�.' -- �:::. _ . c.:: •. : �•.. . ;,•., . � .. , ; ��rr�l�` . S.:^';,Ye `•.: ';V .'°! .. . " . ta ,;:,::����;s�,'�,•:�=-,;� ;�!:�:�' �.;:'.',i F3E IT nRDAIH�D BY T1�E CITX CO�IMISSTOiV (3F THE CZmY OF CLEARI�TA�'EH, FLORIBA: ���' �' � `.�i� f���4ti, �1;.', .,' "} _ �F���`: . �:s�.e�,:i�'. � F �� :s�': '•" ',t'�."' �' �':- ARi'TCI,E I f•. •�i.Et �'r .1.r'(. ;,�i;. '. •t, .i�i`.�'�l+d...,Y � ar � r `� .,x°,.:�-: s�'. ;�i,,���r.��.-. . �: :;` ,;.t.., . �,f:.`� '.'�:���.�•'�.,-�.''g�.�,`�.�� .��'';� STATUTOFiY AUTHORITY, FII+fDTNGS AiVI] DEFIN�TxONS. `;�.;•- .x� ;. r , . ''ti.�'� i��} .;5,: i` 'ii i� � � � .. ���,�;i., : a�;�`. ' ���;,� 1..Q1. AUTHORITY 0�' THTS ORD��aiV��. Th�.s ort��.n�nce 3s adopted �•%;i��, .f;'�'��L�..f,`�'' %�, • . .� � ���;f.��;'��::,:;i;°���:'`_.'`� `.'•.'. - pursuant �a i:he prov�sions of Chap�er 97�.0, Speci�l Acts ai �he Legislatu.re -;�; :;°.s:.. : „ ',� �..� ;�'.� � -�:� . . ���.-`<' �:� ��'��;';.`� • oi Flor�da for the year 1923, and ar�endments tner�ai, �,nd supp�.emen�s ther�- ,_ �.)s� '��:r:;,li• ,�, •.:' "�' , `f m'i:�.: `�i_-,� .'y, y5 ,r; . . ;�g:� �q'"'�t „i)'> w� i : '�t':' r;;: ��o b�in� L•he Charter' af the Cit af Clearc•rater and other appZicabl� pro- >� �' :�;�; .;,t.�;�; � i i 1 � Y i . ��� � v��'�f` • i7.FE�•. � , µ'>����K����� ', i . ~+i�"''' V�.51QY15 Oi Z�W. �f '� "` ; ' �;{; . ;:� =;;��`� ''' ;k` :;,�; ';�� e, •. 1.d2. F���D�rIGS AP1D D�'�ERhiINATx�A'S. It is hereby found and de- .. �F�_'�; � � : ;?F�,._^ (; , y,E f ,�;: r��• �3 � 's;}' r '4'��:,,�) i ,= , , .�: _ . ��• termined �s �'pl�.aws : _ :_�;, ;�' a,a .�,;:: ,�, , :x; , �.<. .:-: " � , : :,�':; '�-"::':��.�.�'`.�: `���� '"��R::�r�� � ( A) �'hat t�he City of Cl.earwater now o�rns, operate5 and main��ins �,,.: ;,: �.. ':;,c:zr '�_ • . SY:�..�....1�.'�. .' �/�1t'�;.f}.i�,: .Q t� t ,:y�-,:,��, ✓�Y�ti.;;; '`^..Ft,t..'`` ��f ' f a system �f ut�.la.�y praperties supp:lyin� water, �as and sani��~�ry sewera�e �y"'E' �i�t �•Y . '� �� °�T`°`�'��'�y'9 l����� ��'`� servic�s and a sys��m of utili�y proper�ies s�zpplyi.ng s�orm s�wer services, 'si�'xi,,Ur-: ,r.`;;Sy,,ie,�..'�r�,'=.41.',�:,. , , . :.�>:�F���f��rS� `v�� .�S '.�:� ;1-"=, :.n and �o said Ci�y and i�s in�labi�ants and o�her users, a:td under �he above- �'��. . . . f.. � : iF f• . � ' � � j:�n'�sa-I�i� `�:✓,[ .1� ' ..'�• ;, '„r�. ,.�.��.�.1:;.;�°�-:.,�. .�,'��r�,...., ::`•;;:�,�. men�.a.an�ad s�atul�ary �tut,hori�y is empow�red �o combin�, maintain, opera�e, {i���Fr�Y�.: sy.. �.:4•�:f��'jq •.r . '1s c �� '`�� -.T '�F�� � I..��'� �3..��,�.°. ?:. .:`;�r; �;-.�;_F;,�`�}.r.��:s �:`,�, '���� imp±^ove �n�i �ten� auch uti�.i.ty pro��r�ies and r��u:Late and fix reasonab�.e i; ;: • �'n�::�j�:;° �A:� ..� . .;,�it't '.�•- ' . 'l..i° : `�' ' S°a`Y' ' .:!' ' �' . , _ : - .�'�� _ ;�:, �°,: a� an a i' t � r� h •��-�' ,- ,.:;;•r7a�:.,•,.���� r es d ch x•�es or he e 3.ees furnzshec� L ereby. �� 3.3''�C�F `` �� •`t`i..,: �s,,,.p�;3�:�.��.,.,.: . , . ;i . ��r�';,�����':;�h��r'K; �'.";:':�.°' "''`:�.: ��: ;•°:`�r��tiY;;���;�is;;i.,,"�:'`?;✓!YPSF'�'''y�!„n'.�e'.� ( D) `i'h�� fi,Y�e Ci�y der�.�es reven�es f rom ratES, fe�s and char�es � ;.� '��adc ant� co�.lea��d far the servicas and faci��.t,i.es o� the aforesaa.d uti�.i.t,}r t'^a"�3'�+iFs�f ,����}�'•� 3�:� �.a��. ��ig��: pa�op�rties and �� td, r�venues �re not pl.edged or encumbere3 in any manner and �l�at no obliga�ians of any kind ara char�eablP a�;ainst the revenues of ' said utili�y proper�ies, ar �r.3► par� ther�of excep� �s falZaws: ��.y Th� City has here�afore issued and has now out��anding �_ts Pdunic�.pal iltil.ity Revenue Certificates, Series af 19�+7, dated `'y � I . , , . � ' �, � ��..�, , �t�. :� , . ��S � . �: ; , .t .. 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' :'��s;�3e1,';�` 41s�. �_�� s . y',= 'C,'. � F` � :�T;. e,p'f �F.: f '' .r �:t 1 ";t�' F.'�: ;i�;�'', • .`� ,>,•��. f . �� :;;'; ..z . ::;': rr. ,l" �€ �t' . . ��:' ��� ' � _ . �i � �, � , 4 1�.. ... .__�... r'tp�,.T.. � ... . .. . . 1�. ;i . . .;; . , . ''; : ,t =� . ,. , . � � . : ;: .. :;�. ,er��,.iye.fe . `�3.: �;. �� �`�` ;,��,.'s. ''` `i�: :,'�!'` '.� `� ��E'i-�i:r.`,��� ,�1., t 4.. �d,�. ,�e :ti`Yti��.: .;�s_ !. t�r' , 'r . 'R�'S;::t,t". , '>r- �j'• "'' 9 ' ,�''1.� :l. ,� . '� '} �.7. .•r' : 1":k "iID;,.'' �. ''^' � / �. . �vi�.:.:�:;!�}�,r' ..;r.e:����' .1, , 5 ' "v i : . .,�:°,')'; ..1{,,��•� ill� . k;',:F . {y �5,: , s -.r �st' .;1". .tiE �isi` �� �' �� ;�j.:�;��`°.��:� .^, ' _� t..�..?� ,.4y � ;`a .•.yGtii � u. ���:;:"'S:�'. '�. ', n'°,;,ie4�, � ' fi�-}iA��'��F41 ,�� ;,'• ':', ' ,��,E"�l"fE�� �- .�551���..;5 �E.�e�t�� `Y ;1� '. u:,c. {1� i, k' ,61. .'��,` �`�!:�', ��i; �.`i 1 ��lf ;:f£; ;.�,: x�_`�3,l;�'• ��c[:. _ .��;t�..j`_tij.: :t�, .� � �;T? :" j� I�.� ''�ti-�'' ' ' � �. I-ri�� " t', ' ' f '_ti . � -'. �'t : 3"''''�� t ' �''�:' :F� � `�: �� , . �." � '�:,;�° �y':• :i :;,:, .'�� ',f° �.,1(L�i',' �'s`" ff,r„:. ' • �'�`:';' .° . .�' •'j�.' E`�' i�' - . ' ; `•€(.;4'::.. � t . � �,t:j.;.. ''f��. �1'�'•=`� ��.��' �`= ��.��-�,�,��. , �• , '�i "), �;i��: , . ".}` . �4�.-'�'`�,�,r;�XEs�,°. . !;e ,^�,✓:_l�r:il'S'.tt.�. ;:. ::r� � : -.;...!�.,i. , ., .�: .. •,:�;, ::, ,.�, �;:,-.�,P x:�;� t a:y�1"1 ,�•,'7�i:�}'�S�t;.�'����`;,2`iti=..E � �, h�i��,�.`. 'lc� t�V,.ii:.��f;IpE'. . � � , t , . ' � � ,r 1 � . 1 , . %S .'e �'.,S'�'t � ,�:I,� '�.. ' 'ta:F�'�..f�.:4. .;�.' a. S.� . . . ' . s,r.; ... � . .. v , - '' ' Decr�mUer �.� I9�'7� in the ?arincipa3 amount o.f $3�6,000, Uear�.np �.n- �+�ros� at th� ra�e of �hree p�r c�ntum {3;) ner �nnum �nd maturin�; in numexiaa� order an Decemb�r 1 of each year in L•h� y�ars �.95�j �o 19�3, �.ncl.us�.v�, whi,ch by their terms arc� p�,yable fram �nd secured b,y a�.ien upon th� revenues deri.ved from �he, opexat�an of th� uti�.itiy nran�r�ies of the C�ty sunplying water, gas and sanitary sew�rage servic�s and are redeemabl� a� the option of the Ci�y on 17ecem�er I, �-955� �-n the manner provi.ded in the au�horizin�; ordinance; {2) The City hAS here�oTore issued and has naw outstand- ing its Afunicipa� U�ii��y RevenU� Certifica�ES, Series of ig5o, dat�d June J.! 1950� in the pr�.ncipai amoun� of u`110�000� bearing �nteres� a.� the rate of three pPr centwa (3�) per annum and ma�uring in numer�.ca1 order on DECember 1. of eacn ,year in Lhe years �955 �� �-965, inclusive� which by their tsrms are pay�,ble fxo�n and secured by a �.�.en upon �he revenues de.r�.ved irom th� operation of the utili'�y prop�r�ies o#' �he City suppZying water� gas and sanitary s���re�age serv�.ces and ar�e redeEmable a� �he option a� the City nn necEmber 1! Z°55� �r� the manner �rovided �n �h� au�horizing ordinance; (3) The C�.ty has here'�af'ore issusd and has now oui:standing its Utater RQVenue C�rt�.ficates� dated December i� �.935� a.n the prin- cipal amaunt af �'%,QQO, '�ea.r�ng interES� a� �he ra�� o�' f�ur per . oen�um {4�) per annum, anc� maturi�ng on Deeember �, �q55, which by thei� terms are payable fram and seeGred by a 13en on thc utility propert�.es s�f thP Ci�y supp�yin� water service, in �he maru�er pravided in th� auihar�.z�.ng ord:inance ; (4) �h� Ci�y has iieretofoxe �ssued and has no�a autstand�.ng i�s Gas Rev�nue Certi��.C3�@5� dated DPCember �, 1935, �n �h� prin� cipa�. amount af �z8,oao, bearing int�r�st at the rate of four ner cen�um (4�) per ar�num and matur�.ng an December 1 of each year �.n �he years ig�� ta 1,g�7� i.nclus�.ve? which by their �erms are �ayab�.e fram and secured by a lisn an tt�e uti].ity proper�ies of the C3ty svpplying ga, service� in �he manner pravided in the author�.��n� ord�.nance. � �. �� tic�y ..2 _ ' '�j� ,.4'. . , .. . �,. : . . � :,�,i� u - . 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S� i,`'��F .>. � �� ���-gy� 54?' ^ U. i',Yj,•}%i�B�f����' F!✓'-•i�H..���{y+A.�(°�FivY��' S �: K{'�5:5a} �a rri'y����t'..4i;. ��w • c.'t�;:�l e.; j a•w'4r;�•- S, . ,v ..`Y1.e'r ��'r!��.. '.S..i.�e .: �;'"��a'"q�i,�+.�y:l�t.�,��7�f✓A'�r�.D.' � `� `�� r �` j1�..'.:a�s�..�.^,�.�:`.�,';.�7 �; . � '• � ':=�i•;ri;};?',•':�•"• , r,,.1, i.q � a L" 'i� �f3`. i ;k.: ,� � •.��. r.��t. ., _�'. � S: t� ' . a .t' . � � . � . ( C� That �,t is deemad Adv�.s�ble, in L-he best .f�.nancial. 3.ntcres�s and to �l�e ecor�omic advant�i�e a�' tho C�.�y and it� inhab3.�ants ta pay, re��nd ar rctir�: �a�.d au���andin� ��iunic�.pa� �J�i�ity R�venue Cer�i.fi.cates, Ser�.e� of �.9�.i, �aic� outstand�.n� �liun�.�cipa7 il�ility . R�venuE Cer�ii'ica��s, Series o� �9�0, �nd sa�.d oui�t;andi.ng L��ater £�evenue CertiS'ica�es, ref�rred ta i.n S�c�ion $t�,) a�o.ve, ��s h�reinaf�er pravided. (Dj That the City Ct�m�►issiot� o� �4�e C��y has heret�ofore hy orc�inanae duZy enac�ed combin�d and consal�.da�ecl ti�e utility pro- per�ies supp�.y�n� water and sani�ary and s�orm se�•r�rage services and in a�rd�r �o mainta�.n and aperate saxd combinad and consol.ida�ed ut�7.i�y properties far �he pxa�.ectxon af the �iealth, saf�:t,y and we�£�re af tha City and its inhabi���nts iL- i3 necessary f:ha� such c ombined and conso].id�:ted u�i�.a.�y servxces i�e im�aroved and extended, �s provid�a in tnis ardinance. � (�) That the revenues c�er:�ved .�'ram sa�id corrF;.ined artd con-- so�.ida�ed uti.�.ity praperties supplya.:tg wa�er�and seti•,��r ��i�v�.c� ar� not pledged or encurab�i•�d in any �nann�r, �xcept fvr s�i� au�s�aijdin�; , certificateg re.ferred to in Secti.on ��3�? above. (F) Tha� the comb�ned and canso��dated utiZ��y properti.e5 supp�.ying w�ter and s�wer service sha11, be �.r�p.roved �nd ��e}.tended sub- stantial�y �.n accordance with �he pZans and specific�tians nr�parec! '�y Briley, Wa.�d anci �ssociates, En�ineers, and �7�re�ofor�� filed in the office of �he Ci�y Audi�or and C1erk at �n esLimated cos� of tiat �xceeding �1,101,Op0� Such cos� sh�ll be dcemed to inc�ude tihe cas� O� ��lP, construc��.on ar acqzlisi.tion of e:ctensa ons: � mprovemen�s and b��termnnts '�a said u�i�ity prap�r�ies, �.naludi.n� �h� acquisitian of any 1.ands or interest �h�rein and o� any fixLur�s or �qua.pment or prc�per�i�s d�emed necessary or canven�.en� �hereFor, a.n�erest uPon thc; cer�i�icates issued pursuan� to �.ha.5 ord�.nance prior �o, anc� durin� and fc�r si.x znonths af�er the comp�.etiar� of such extensians; i;n��rove � ment;s�and betterm�nts, �n�ineering �nd le�a1. expenses, expens�s ior r � { r � i� � , • ' ; '1 . .� . .i € , , • . ' . ':, � ° �/��'; R, #� �8y ' ���.Q..r.�; . .�^,�..., �:._,. .. =xw =.. ,,...* •,. ..�. , t' �'. ; ' , � . . . ! � � . . � � 8 � . . . 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(G) Tha� the �st�,mated revenues �o be d�r�.ved 1'rom th� oper�tian ar ��id combin�d and conaa�idatec� util�.ty ��ropert�.es sunnl.y- . ing wa�er �nd setser sFrvices w�ll bn r�aa•e �han suf�'a.c3.e�n� i:o n�y al�. opera��.ng and maint�nance costs af smid cor�b�ned an�i cansolidated utili�y prr�p�r�ins and to �ay �he annual 3.nt�rES� and sink�ng fund � reqizi.rements for �he Cer�ific�t�s he�e�.n au�horizea, anr� th�t �.t wi1Z : n�ver b� nacessary or. �tithoriz�d �a �.evy taxes an any rea3. pxaperty in said City �a n�y '�h� ��incig�Z of or in�e�res� or� any of �he C,�r � '��.fica�es i:n b� ,�s�uori pursuRn� ta �hi5 ordinancei or '�o ma�z�: any of 'the xes�rve y sinl.�in� �'�and or �oth�x� paymcnts �rovided for �.n ;tttis ord�.nance, an�. �h�� �he Certi�`ic��t,es �ssued pursuant to this a�,•dinance . shal7. no� conat�.�;ute a l.ien vuon any nf the sa�.d uti7.�.�y proper�ies � or u�on any o�her nr�perty �.�►hatsoever oi thE C��y. � i �..03 . ORD�1dE�NC� Tq Ca�STITU1tL CUiiTRACT . Zn considexa�ion of the acae�tanc� oi' �he CEr�;i�'icatr�s authar�.zed �o be �ssiz�ci �zereM und�x by thase 1�tho s�ia11 ho�.� �h� . sam� frnm t�me �a tim� � th�.s ordi- nance sht�ll be c�e�:med �o be and �h�a:L7. constii;ut� a eon�r�ct between �tho City And such cQrtzfica�:eho].ders � and the cov�nants and a�;r�em�n�s hexein se� for�h to b� nerformed by said C;L�:y sh��1 k�� for ��xe equal benefi�� prntection and secur�.�y o�' f;he �.��;al holder5 0�' any anr3 �].1 oi s�uch Cer�ificates an� �he coupons a��ACh�;d . �hero�;o� a].7. af ��hich sha}.I be of �qua1. rank anr� 4�i�hou� tar���rence y priorl�y pr dis��.n.c�� �ion of ar� y of the Cer�i�'ica�es or cou pons over an y ath�z• thereo�, ' E �excEpt �s expr�ssly provided l�hex��n and h�rein. ' ' m „ f .i � t � l � ��, � :.�' . P��.� ��� r���' , �, . , ��.� �.�rd _ ,,,.<w.. t��•z� . . . !�"� .�"'" `'r"- s � _ . ,^4� , . i , . 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'�;j',F«jt;��.11,.� t' �'� 1'l �_'.i.'f i��'r '�2�°A[�.�_4� A i�•A. c.� : .F J. � .� � `�ti . � �.,I� ���'�ik'��;5 ;�/„ r (� ': i'•;�'��' �'' } �� ."�,'��'m�"�� ,°�ih�It�'.��ti�:i�' �/�'!'.�� Yr?q� ''} �i.l ;�•s� : ,, -t�..r:. �,� .,}.,a r] �,,.�: S F`�.'� iY �:'S�f�� �/���'k��`'.r����i��!'k 'ip� f�'�j;4^;`�+�i;�.���:;�� `;�;`�':�:�E;;�'j'`<.,: Y s �1?, �'.,;`'f ' �Jrl .. �.�:' � a��:l,°` i `�.. ..'I'_ . .a�i� _ :5 �k.. �.xM1'v^I, .:...J„<.r:i"L�S9..��.l�t+�r, : • 1 i . '' 'v{�:-`•.. i ,,'Y`r�>!1 �'s'!"t��.i•:-i� �• ��r w���..",; � t�,. ..:ef,'.{. � .."�; , .1,1I �' `S :;�t-. �.ti£iK���Lk � �,€'�'� ..�`.�`ii ..�.,:i .;«, ��� �'`';� ;'4 :• 'r.' : . • . r f., '(!. , p. ,5:-'i,; {•' r•ti� �.�SG:� €1 ;;:;�:, c�; � �,,, ' `'.�_ `;� - �`� .•...i `� �,-i,_ �.,� . ;'�,..t..� .�°� :�}t,��:.'` '�^N�:a'�c'�j'•�.1•�tr�' ••�i,� [ ' �i�. " "�-f ;, s4.? 4j +';,4.i�6t `���?i�,� :"�s ',, r�...'�. r'��'.ti:�'., ; .,`.�'; ;.,,.. ��`.�� ��}�t �tt�,`�^., �;�.: ��i�' '. n,.i,.i ;r� �:Yk����' .7..;".r,����'�y*��i � �..• ,y'a � ,t!:,. �, f, e!? ��f � �� t'j� �' ��.,.t;;`ra;�r.Y�7. _. .µ .. ^�; :r;:�� 1��t�s? -T�' r � �iy, . -t' f i: k'�•r r�,� , ��4.� � ����..(t���:.i �� a ��:�",z�a5�`�y.;� 4 nF r`"'�'�?.cY � '�<:!�n.e�` �',.rSl,����.�kif.�+e'�_! . �• } ' u.j :„.. .,� , . 1..Q�. DErIi�IT�OIJS, The �011o��ing ��rms shtt�.I have the fo].1.o�ain� mean3ngs in thi� ordinance unle�s �he ��x� o�hert��i.se expresgly r�c�u�.res: (A} "City" sha7.�. mean th� Ci�y of C�.er�r4�a�er� F'1.or�.d�x. (H) "�c�" sh��.�. m�an Chapter qi��, I,�ws oi' Flar�.dr�, Special Acts af 1923, as Amonded. (C } "C�rt3.�'�.cate s" shAll m�an the � I., 50�,OOQ Utili�y Aevenue Cer��.fica�es arig�na��].y muthor3zed to be i.ssued ptarsuan� �o �his oxc�inanee? �o�cth�r ��ith ar�y nari nassu add��3ona1 C�r�if�ca�es her.eaf�c�r issued under th� terms� condit3.ons and l�.mitatians contained in this ordinancer and the interes�.coupons a�tached ta sai.d �",B i''� �.��Cr3t,E.' S . ��� "Holder ai Certi£icates" or "Cer�ifica�e:hoZder," ox any simiZa� term, �ha�l mean any nLr�on who sh�l]. be �;h� bearer or owner of any outs�anding Certif�.ca�e or Cer�ificates xegi,s�cred to bear�r or no� r�gis�ersd� or the r�gis�ered o�mer of any outstanding Cert�.f�ca�e or Certii'�cates which shal� a� th� ti.me be registered o�hsr than. to bearer, or of any caupons re�aresen�ing �.n�erest accrued ar �o accrue on saic� C�r�ifica�cs. {E ) "Sys��em" st�aZl mean �h� com�Z�te comb�.ned and consoZ3,- dated water sys�em and s�zni�ary and storm se���er sys'��m of �he Ci.�y naw owned by �he Ci�y, or hereaft�r cans�ruc�ed or acau�.red 3�y th� City� inc�ud�.n� the �.mpravements� sxt�nsions and addi�ions 'there�o tfl b� cons�ructed or acqUired e�.ther �rom �he prac�eds of t�e Certif�.- cates or frc�m any oth�r saurces, �;age�her Vrith all Zar.ds or interes�s ther.ein, incl.udin� p1.an�s� bu�.ldings, r�ach�.nery, franch�.ses, pipes, mains� i'�.xtur�s, equipment and a1Z proper�y, real. or �ersona3.� tan- gible or intang�.b3.e � no�+r or he�reafter owned or us�d in conn�ct�,on thercwith. (F} "Fac�.li.ties" sh��l �t�an a�.Z �h� faci.l.i.�ies o#' said System� 3nd aZ�. �arts thereoi� exist�.ng at �he �ir�e of �.^e e:lac�mc:�� � ..e . . . . � '�. . `.`-s . � • ��l � ���.� # ��� , �+. .,_ n, �.rrc--�,. -���1�.� _ _ ; P �. �.. �03 , , e, � , r. • ;,....,,t.,.,.;�,,.; � . Y. :+ .k�, u: Y�.'.�1 '<;, �� ' �° i�a..rey. : ,y� ��.'}a �;�.� .7..j �F :, �' 1�`��y'� s •i�SnC i•i,"+•'w'� :b�„S:.i f'��j'\ � ,'i .➢'. .�`}:�+`,l;PFA•:I`;p<,�.. y° `�1. . ;"� . �''��♦ `i�s:.'+i »�i �} } ..� .;:;' iY �::C.•... �i: �� v.. ,c?" .�'�°hir'.S�r,� 'tti-3.t1�'A 'r: r�;�'e �^=���`. � .�_.���" . :�a� . � k�r.,�,�c.,�:s::�::i�s:. ..3s 1�`�-^ �:�is�..w:. ,�u. � ie': a3r.yy�F�•�2r��:+"^*s.;�?'' .`le�.��nr ������Rt.!'?;' l�A�-a :�. ".f'^ •,;y.� �.y.. 11,1i `. ..� 4PI` �.q. .:} ��4, e��'>e� .sf''' „1 � :. �' � . ` { � � 1 : �. ' � ,.�; , . ; <�` . . ~1�. � . . 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'� �:c'�Jf ��4.Fc yi'I"j' ;_y.?i9'��'�4 �4 r'r�,: .f". ...Yt.��.'l�f'�v'te��t'.�i�i�.:.ra a:"��''..'h�,�;:_;.t . `;.��1�4 '�����;��`�:`:;�. �i � :f ci y} ;�-:�;.'.'•;; t; ,"'.;; � I.,, s,ti�L.,=' ��5� ���"�'.'Sh.} I ,., :'• i ' � �L��,�. ��:" ��ii�� i�, ,` �h�, _�} � I .;: �: '•:a; �'a''�`� „� r::w: :r; ��;°,� �,�„> :f��5r. : ; �.;:;��": ; , : ! f'_':� j:�:.f,t' :. i"�'���' F . _ .;i',`::• �.5 �.�.:'.�'.: �. � ". y°i�� �� �! � .�;�°€�",t a :�.-�e': l r ! � i�3 1 � s ' � � , g i : � 4 � �.�'`t`�•i.5���,�`•,S t: . +iJ ' �• �p ,�le�`r^�' �����;��ttl,'� ...:�r,�� .. ... � . ,' • s ' 1 ' j 1 ' ' � , , . .�,�� � .�*. ,�, ',-,y� � of �his orr�inr�ncr, and a�.,o r�ny f�ciZities wh�.ch may her�af�c�r b� added �o s�3d �ystem, or any *�ar�3 t;�erc�of � by �ny a�di�i�ns � bet�er- men�s, ax��n3lans � ar �.mrirovemrnts thrre�o, ar proneri:y of any lsind ar nc�t•ure'; rc�n7. or p�rs�n��� t�zn��.ble ar �n�anr�����, ]iar�xaftnr canstrttc�cd nr acquired in conn�c��.on ��rii;h s�i.d 5;�svem. (G) "Rov�nuc�" dr "Gross i��venues" sh��.l. mean u11 r��es� fe�s, rentals ar o�her char�es nr ot.h�r 3ncomc rece�.ved by �he Ci�yy ar nccru�d �o i;he C�.ty or to �ny 3�ourd nr a�oncy of th� City �n con� troZ of' th� mana���nent and aper�.��.on of sa�d Systet�a and all par�s th�reof� i'rom �h� opera�ian o� said Syst�m� al� as cal.au�.a�ed in accordance with sound account�ng prac��.ce. . (H} "Oper���.ng Expenses" shaZl. mpan th� curren� expenses? � paid or accrued � of operation, maintenanc� a:�d, repa�.r �f s��.d Sys�em and i�s facilities, as Ca.�.CL1�.c1��CZ in accordance Vr�th sou�d acco�.�t�ng pr�,c�ice, and shall inc�.ude, k►ithou� limi�ing the g�neral�.ty of thE foregoing, insurance nrem�.ums � adr�ini5trat�.ve expens�� of ���e .City .re�.a�ing sole3.y to the sa�.d Sys�em� labor� �he cast of matErials and 5U?JA�.lBS used for current opera�ion� �nd cl�ar�es far �h� Gccezmula�ion of appropriate rescrves for c�t�rent c:xp�nses no� annual�y recurxer_� but t�thzch are such as may reaso::3�1� b� �:xpac �ed to be it:c�:rred in accordai�ce with sounc� accoun��.n� px�c'tice. "Operatir,g Exn�nses�' . sl�all •nat �nc�ude �ny a�.1o�+�ance icx �epr�ci���.o� or rcnc,�•la].s ox replacements ��P capital asscts of said System. 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The Certificates sh���. be da�ed Aupust 1� ].95�; sha1.Z be in the d�nom�.nat�.on of �'��,OOQ ea�h, i sh��.1 �e numb�red fram- 1 ta �� 5�0 y incl.us�.ve , sha13. bcar interes� a� a rata or r�x�es, na� exceeding the 1egaZ rate, to be de��rm3.nod upon � f , i the sa�.e �herenf, 3�aya.bl.e semi.�annuall,,y on Februaa�y �. an� Au�u,st 1�.� af Each ye�r, and shaJ.Z r�atur� a�ri.a].3.y in numer�.ca�. order� �.awes�t � ntimbers firs�, on l�txgust Z of each year, � in �he years and amaun�s as �O�XOWS; ', � Year . � Z��6 x957 i95$ �.959 �.9b� Z��� z9b� ���� �g65 lgbb 1Q67 7-9�� ' 1969 . � .ig70 r�moun� ti,y�l y��� 32,000 34,000 34;000 36,000 3b,aoo � 8 � aaQ $ , 000 , 4�0,000 4z;noo 43 , aoo 43,000 }4.5,aoo , `F/ �VV� 48,aoo Year �7/� 1.g'72 i9�4 �;�75 lg��b �.977 1.97� �-979 7.g8o �g81 ].9$2 198 z�a� z98� �mot�n� ��9y000 51�000 52,000 �3, oao 55,000 �j�,00� � 59,00a b` Z , 000 P� � �VD b4,aoo b6,000 fi8 , n00 ']0,�00 72;�00 %5�000 � _ Sai.d. 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'� :�' � � � � : ` +a . .rF`' ti '. , �' _�'�':s;�::' � �he Cex�iSic��es m�if,urin� :in thc yac�rs Z962 to �.'�8,�"i � �.nclu- i. , i,1 , �� ; s a �(i.`r;F { ��� ���.�' .,'��.� � �• � �� � �:A��;,;;�°,.:,;�;..�.•.;;',;.: `::'::,:,•'. s�.vc� sha11 be rcdnemab�.� prior �a the�.r raspect�.vv s�ated datos af , - �� .: �� �:� . 3 �:;; . 4.{:.. :.,,�;, • t ��•, �;,>. ��,., :'��-�-;iE; ma�ur�ty, r�� the option oi' �4�e C�,ty, on i�u�t�st I� �.96}. r or om m�y ; „ . �:,..� .iJ. 1 , �"..;: .;;:' `.,�`. �.n�erQS� p�ym�n� datc thcror�i't�r, �n wllo�e or in p�►rt, bu� �.n inverse . ` '��' : . �r�� �. �. �:� , , . , . `��.:�rj' �V �,,V �;�;� �,� numexica3. ord�r if �c�� than a�.1, at par and accrued inter�s� to�eih- � ; �_; �w�- � . ` ` � °:�� '�".�' `� �i ` - .._, ?taf::.a�., M;:�.����:: ..;;:.�� . �.� ex ��ri�h �ne fa�.zoarin� ?�ram�.ums �i' r�dc�e�ed ai: thc fa11.a�.�rin� ��.mesc . � . . �. �..; w,.�.t���.t;;°�:��..; :r:� �° . � , - � ;;i"`>;}`'�:. '.;::,.,� •: "'�,,:;•, . ; . ,'a,:, ;;,r�;.,�";tr�.;.,�,..:.����J`�,' ..;::, Four nrr cen�um (4i ) of the �,ar valuc� thereof i�' �.. �: �- �,-�;� �°���� � r�deemed on Augus� l, 1961. or thereaf �ex to �nd �j"'yr: ; '��,:=f�����=��. �n�iva�.n� n,��us� �., �966� � �.; �'a ���.� :.���'•'' =°1 Thre� p�r cen'�um i3i') of ihe nar value �hereo� " ., f� �_�,,': ;�.4;�: ;�;�'� °;���'°'j :�;`:;;:; � _ �.f' redeemec3 on Fobrt�ary �, �.96� or therea#'ter to �} ;:- ,. �:° �:,�.'�. � ��,� , ;:8#,� .',`;�s ' �.;r' �r:?�� '' and incluc�ing �lu�ust 1, 1971; .;,,�{.,,-,�:1� :;;,,yz[ -';• . Y [`+: 4 i*��';:"., :�' .� , ': :•� �?1 ��.. •; =, `s � s: . � ; ,'" ",.` . }, > � r � f :.� ��s�, `:w�.:f'.,_.,: ..�; , Two per centum (2�} of thG par value th�r�of �f '�:;'l`:yw.' 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S. .. i'S*!. : •'?;::4 V � ��ic:��.;�'� 1�_ �� �=•' : ^ � e�• '.�.1ri6�`.AS +� � i`1+Lt�r�.l�.R� � �' �,., : „-� f ,. f, ,, 6 :,�!F��.�.0 ���{yS: �,� f��'�N :,�' _ . �i� �e� ti°ry � ; �, , , • ^� � � `+�+ � '• ' '�:,k�;;� r�h��.1 holcl �he nro}�c�r oi'f'�.ce in the Ci.�y, ��Zthough At ��hc da�e of sueh Certiificates su�h �erson m�y no� have hQ�d such af�'icc or mr�y na� hnve heen �o ��uthoriz�d. , Tho coupons �o b� a��qched to the Cert�ficnt�s sl�al� bo ' authenticatod �rith tho facs3.milc �3�n��ur�s of the �r�s�nt or any �`utur� M�,yor-Cr�►nmissioner, City Mana�er rcnd City Auditor and Clerk of sa�.d City+ �nd the Ci�y may fzdopt and use fbr �:hat nurpose tihe facsim- ilc s3�na�ur� of any ��c�rs��:n who sh�:� 1 hav� b��n such t�t�yor�Comm�.ssiflr�ex or C�.tf Z�lan:�{;er or City Aur.��.tar and GZcrk at any �ime on flr after the date oi' �he C�r�ificates� no��Jithst�ndin� that he may have ceased to be such pffi.cia�. at th� t�m� when said Certif.Lc�tes sha�� be actua�ly �Ft� ,�;., ,,,. �_�< v;;. � :�;;,� �: zYs? ��: � } � i e . �' . ...,: �: �.,. �-. , , ^ sold ��nd dc3.iver�d . � .o� . r��GO�ra�z�z�Y ��rrn x��rs�R��rro�T. �n� Certif�.cat�s sh�11 he, wnd have al� of tihc qu31.�.�ies ��nd incidents o#'� negotiable inst.rumc�nts under �he Zaw merchsn� anci �:he Nepo�i.able Instrumen�s i,aw oF the State of Floric3a, and eaah successive hvlder� in accepting any of sa�.d C�rtif3.cates or �hc coupons a�p�rtain�.ng thexe�to, shal� be conclus�ve�y c3eemed tv have a�rFed tha� such Cert�.�'ica�'e� shall be ,3nd have all o�' the qualit�es and �ncidents a.f negot�.abl.e ins��uments und�r th� 1�w �nnrchant and thc Ncgo�iable Ins�rumEnts Law af the State of Florida� and each stzccessi.ve Y�older shal�. fur�h�r b� conclusively ' dEemed ta hav�: agreed that said Certificates sha�3. b� incQntestable � �n the hanc�s of a bon� ftde ho�.c�er far v�1.u� fn the mann�r prov�dcd hPreinafter in the form af sa�.d Cert�i'ica��s. 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' ,f � � :�.1.1t1�;�� ��,�'���€ �1=:�'�'��'�t`:.,'�'� .::, .,i�i ��:i �*r a� ��A,� ����,';s,�;�..,,���.,�._ i"�ei�c['=?�l_.1 n y�1:�.- r ;?;=:1;'4.>� • ',ty':• ,. ykr,t.�`a< 4�••:,�f'yT�!„S�`.r!"3���Dl:f(l�°�`K�' l' ;�.�f}d;'�5'�:•' '1^�: y�t"�is'SH �:�5� a'.I!��h�ii:�' i.i: (A'€.�r �. _ .. � '.hiF1y �A.' . �Y: i�3i. ' j ?"' ;�,7T l�'�[c `Ir.Fi7j' ,FC�:t. '��� : j,�.'�.':'n�,... '.�t; - duly r�uthor�,2rd ��c�nt or r�nresent��iv� �nd �imf.�.�rZy n4�ec� on the Cer��.f�.critcyi but �he Ct�r't��.ficr�tr.s m�y be d�.achare�d from re�is�r�- t:iori by bei.n� in I.�.]c� ma��raer �r�nsferr�d to b�3rer and thcreu�an tirnns�c�raUil��y by aolivery shn11 be restored. f�t �he opt�i.an a�' the ho�.dei� 1:ho Certifica�es mc�y thCrea�'ter aga�n fxom tim� to t�.me ba r�eistercd or txans�errrd �o bearor as before. Such regis�ra�icsn as to princip�l anZy sha�.3. no� �fiect �he ne�o�i.�b���.�y oi �he aoupons wh.[ch sha].� continue ta pass by del.�.v�xy. � 2.O�y . C�RTIFZCi��L:S �]TILAT�:D � DES'�R�YLD � STOi�.N OR LO�� In r.as� any Certi�'icate shall becomc mutil���d or be destrayed� stai�n or �.ost� th� C�ty may in �.�s di5cre�ian issue and c�eZ�ver a nEw Certi.fica�� with al� unmatur�d counon5, �.f any, so mutila�ed� des- - .�royed?.s�o�.cn or zost, in exchange and subs�itut3on for such muti- �a�ed Cer�if�.ca�e! u�on sn�renr�cr �nd� cance�.l�ti.an a!' such mut3lated Certific��� and afi�aehEd coupons � ii' �any! or ir� lieu af ar.d subs�t�.- tution fr�r �he Cer�ificatc �nd attached coupons� iL' any, des�royed� s s�a�en or �.os�, and u�an th� ho�.der furnishin� the C�ty proai oi his ownersn3.n �hereof and sat3sfac�ory ind�mnity and comn�.y�.n� l�rith such oth�: reasonable rc�ul.atians and conr��.tions as the C�.ty rr,ay nrescr�.be and paying such exp�rises as th� C�ty may �.ncur. A1.1 Cer�ificates and � cou�ons so surrendered shaZl be c3nc��lcd by thc City Treasurer and h�ld For the accaunt o�' the City. Tf any such Certifica�e or covpons sha11 hav� m�tur�d or be abou� to �nature� ins�cad of issuin� a substitu�ed C�x�if�.aate or caunpn� �he City may pay the same, upan being indemnifi�d as afares��.d, and �f such C�r�ifica�e or coupon be los�� s1:ol.en or d�stroycd, withvu� sti�rrcr���er t�h�reof. Al�y such dup�.�.cate Gert3.ficat�s and coUpons fssu�c� ~�Ursuan� to th�s s�c�inn shall constitu�e arig�.na�� ad.�iitional con�ractual ob�i�atior�s on the �art of the City� ��r]zether or not �;he los�? s�o1cn or desi:roy�d Cc�r�ificates or coupons b� at any tfine found by anyon�, • � ��0- � , ' �• , ' ' , � ,. . 1. , %; � I . � . . � ' I . .1( ! '. ' . , .�- ,r�r�r,��,����.���. �1Vt3'i�'sr. L Yi��."<���•�'-�"',�'.'-.r .a'�. ,. • , a. . .� � c ..s. , y.l...{�`.:.4: 'i.��•~ . �)f. ` � J....i i� . � � � { �. � . . . . . .. ,�',, ,� y � V ?.��. r . 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Z9�7 ox thereafter �o and inc�uding A�gust 7., lg�l� and � ��3�.�hov.� bremium i� redeemed thereaftex? provided� howev�r, tha� a notice of such intended redem�t�.on shali be g�.ven at Zeas� once not 7.ess than �h�.rty (30? days prior �to �he re- dempt�on da�e by publ,�cat3on 3n a fin�.nciaZ paper pub�.ished in �h� Cii;y of Piew York� New York. This Cer�i.ficate and the coupons appertai.ning here�o are payab�.e so�.e�y fram �nd secured by a ��.en upon and pledg� of th� ne� revenu�s deriued by �h� City from the uti,li�y pxoperti�� of th� City suppl�'ing wa��r �.nd se�a�r services in the �anr.er provided i�n said o.rdinanc� author3zin� said C�rtificates and do�s na� co_zst�.�ute an :IndeUtedn�ss of �he Cii:y of C7.earurater ���.th�.n the m��n�.ng of any aon5ti�u��.ana�.� s�atu�ory or cha��er provision c�r �.im3.��'tion, and i'� i� express�.y agreed b3r th� hoi8�rs of this �ertificate and �he cou- pons appertain�n� here�o �ha� such hoJ.ders shall ne�er have �he r�ght to require ar compel. the �xercis� ai th� ad va�qr�m taxing po;�r�r of said City� or th� taxa��.on of area�. e5ta�� in said City� for the paymen� o�' the princatp�tZ of and interest on th�s Gert�.�'�cate ar �he making nf any sin.king fund� reserve or o�her �aymc���s �r�vided ior �.n the ordfnanee author�.zing �his issu� af Cex��.f�.cat�s. . .� �rz�, +� 6�'� . . . . r. r.��� . . . . 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"" ho:Lder af. tMi:� C�r��ficA�:e that this Cert:�fic��e and the obliga�ion ' � ".;� � � �'�,;" , :. � �'�u.�".. ,��:, evid�nced herc�by si��'.]. not cons�3.�u�e a l�.en upon the Ci�y's u�ili�y . . . . �.s; .. � � "� '�;,�: � :� . . . : . a�'.,: ��° properties� ar c�ny nart theroo�'� or on nny ather propFrty oT or in , �' '' � _ . }�� . :�., � _ f...: ,�. .. � ` ; y .:. �. .� �� th� C3�ty of Cier�xu»ter, but sh�ll consti.�:ute a lien only on thc� n�� . �. � . `.,;. i: �'' .�,p :'., �, `; .r�venues der�v�d fram thG opera��.on of the C�,ty' N, u�i�.�.�y properti� s . . �:;_°�`�:`°., `'�°�: �; � � �' ` supplying wa�or and sewer 5@I'Vj.CL'S �.n thc mnnncr nrov�.ded �n s�id ; • . , . , . �� F � i9 . 4 � . . � . . ' t .. . _ .. . . ° � � . � . ; ' authorizin� ordinanc�. � � '.. Pi.,, .e . ' • . . � � , ,;,:, ; . , The Ci�y �.n said ordinancc has covenanted and agxeed with � � . , '��?J , � , �he holders of �he Certif�.cates of th�s issu� �o �i�c and establish - � �, .`} •:, ��- ., ,, �;- ;..�.'�;:� . ;:�= ;G. . . . , , 'i� „ r�f!.'.�� '� '>`. ,� .. � '��' �nd ma�ntain such r��es �.nd col�ec� such fees ren�al.s or other� charges `" "-f=�-'�'.-°� � . L ry,. .;:>�., � � ;::` ;:',�}:;'e;,,` .;:;. ,t�. . ' � ° . '� ' �_; .�9s-M . ' 4" ' ' '.7 '�r: � :t'�{' ''•t, >,°. �3f. . ';�,�� ..: , .r J�.;' E�•'��;�, �i; ,',' �.,:. �.�� for th� sarv�.ces .�nd i'ac�.��t��s af#'orded by �hc� Ci�y�s u�iZity prop- ,s�,":,, ;=i,�;;,._�,.<.:. . . � a i�.��.-{ f•�1 . .� ` , , '�' ;. , }.'s .' :V ,''`I, , : '•�., . , q w..,f. J:cip �" .:k�y'y � , f;:'- � . ' xY �: .`I4 � s'=, . � . �i^.. F•�• p�i �:�S.,r 1' ;:.�" . .`i�.� �,`,''r� ` �:� �r�ies supnly�n� laa�er and se��rer services and to r��vise the sa,mc f'rom �:,'�;,:.��,;,w=;:,c.�-�.:.� �,<��: � ��-�� ��t,;;;�•-,:�i"��''�`'r� '-U=` . - � ..,., ::. . . ,,��r.: r,_ .� . . , +'' �i°k7:. •'� , t�.me to �3me whG�il[?v�t' necepsar as wi1Z a�.ways prc�vide revenues :��•:=.`''_��;�'-��.`r`�° ,.:�. . T. �}<;.t4`•.��'�• � `� f '.�:�.: r . Y � ,:�:�.�,; f' . , { • �' ;,� y. , _f >��. �..,,, :,��;.-�.. '° ., �:��F'J' . ,�' l�:.,^,:�4K.;:. ,�r� �.` ;:t.^. " r!t`'1„�� " ,:,,,. : � - suif3ca.�nt ta nay� and ou� of 53�.CF revenues shal.]. pay� as �hc same �,°;�-'��;,�f;t.�:��t��:�i. ;.r. , . . � •,a C.�: �: ,r"� .k�-�,,.t.; � r ; '� !Fr:.4 �� �• � �' ;3:.'fr ��ri�;, s 'rS r� ��'' �`�$. � '``' •;'�� -�`� � �� � e i te C ficat �as�;:e< ��. ���, ;.�.y���;�, shax� be:cor� due, the princ pal of and �.n xes� on sa�.d ext3� es, .�.i;-�=,.�,4,;.,�.:; c,,g;•.�;., _ • . i��• . �:i1,.'��'�:��' T��`i•iN'.; �J'''t1i�.���:"e:t��''�5•i�. �t '1E, ,'l11; •��` .1, . �.��.(Se.��}F'*i�^i�z�:. 5.�;`-�'�� rf.� � 3� e� �•� ,;� a7.1 reserve ar sink�.ng funds or ather �ayraen�s p�ovided for �n said `L �,��-+�•'=��r �� °���'j�a-����-'• , : � 5� 1 '� ;' b, i`" - �:.:t.�:,.�.:'' 1�.� s , ° p "t` . . <� rLt;.�..lc sse�-" • ' .�''�� .'ae `.1,[ .t{�,...' ��tyy�.:.,...Y��'t1 _ �...4�:�E!,1�:.� t•. i �. ' t:� ..`�-.: a��2(�r.>,: '�'�'• .<< _ ` , � y p ^ f oper ing an main a n�.ng s��d �'�' w:., r: ;;�;5:�� �� ..,x ;; '�; � ��: nrc�inance. �hk, necessar ex ense,, o at d t i �s•�;_>:•.f:.,,-: :. ;;`rY�.,;�::,. ��a.. � k �a �;t: :�.. � :..�.:=.;; :;;;�; :�;�:';?;F,,.�',.;.., • t . .�S . •�`'" ' ��. }c, ' �f`�.e"5,.. s{� ���� 1".•."'..�": yE.•s � : .� � �'r� °' ut�.1�.� roperti�s and A1.1 othcr obli ata.ons aYablc out of �he '?:' '%`:��,. .'� �:�=�' �' `� Y P � P =�_ . .�:�:,..�., -�:-.•�• a r '.�� ,` ':: ; .�:i: �, ,..: § ,;tv.�� !_:; .,- ; c-+ii;i�,�=' :��_�� -ir,, jt:..' ,` f:' ',. �= S�� ;1^5N� 4 ' � ,- ,�� �' ;.k' -;f' revenues o� said u�i�.ity nrop�r�ics? and �n�t such rates� f�es� ren- ..i.;�� �;,;��.,3<:��:�`,,';;. ' " :::p,..:L,' �'.-`4j:.. �Y �_�'� -.°_; �'-:.;..•' . �'f ' i� i.i�• T. `!': :4. . : ` , ,I. . :�.�..r ��' �1��'�t ` ,�t� ',��_'::���. ;�;�,'�';': �''' tnls or other charges sha�l not be sa reduced so �s ta be �.nsu£f�cient `:., �.,.���. `�;�;. �``'' �;�;:.,°<. ir.`:� .'�; . . '•4�''?' ;°4:. ', �'i :��,- `�'�;i�N�': ��,: to rovide Aae uate rev�nues for sucll ux� oses and said Czt has �-kf � � :� •=�::r�;�;�'+ , '" . � ���:,�:.� P � p P � Y ;'- ''-t::�:�`:: ` �i '�•;��'s:: 'y,-�,}`� • a: -.•. �,_,::-,;4°�' .Y,.:�..: :i,;, ��_.� ! � � . �Y=; :.�::;�, �.; :,,,i.s;���•;,.���t,:,. �- :� c fu � r c v ant �h the hoZde s of th� C�r�i- '� � •�;� : :,;: entered i.n�a er�ain r he a en s wi. r .,� �' �;.�•; ::��;�.���; � : �� :- .�..;.;:' 1-;-` ,�s:%i-=..<. '• ' (.'i' •.'s �"f , ..'ir�,i.e;'.; [L� �;, wr.... " • 'Yl`, C:y-e �,a t�.�t��' .'. a . : �'.*�i.s :�. .,,��� .��,,-:r:;�: �` fica��s of this issue for th� terms of which refcrence is made �o �`~,,.�;�:�`.,r'�-�`.:°,:T�r. ��;s � `� , :. .'�. ; , � : : ;- r ,� • �:-z' c ; ': . � . ,,,�e�y.:� ��,5 ���... ., ..: '} ;'�,` 4:'. : 3`r," �i :,� � . . ''�; • . '.}:. t ' .;�"; _. , ,�: ,�r;� �. ,�:.;; : �.: ,�,` .. '. ,a: <;::j' . �°,' , ,' . saic3 ord inance . : :'::'�:: .: ° .-. �;���,:>>�'�, � ' 0.}�'� �•'�5���'(41, p��.�%h?��• � F�-j • r��'��.. s.�`�.'�!. �i-.} [��.E,� L`:, ^tr'' :t. � `. :t�,.`',.it.,e3:, � ''::":.f�;_'t�..:�:y - �F�:�° ��<'�.=i` ;Y- �,', xt is hc�reby cer�ified anc� r�citcd �ha� ali acts cond�.tians ;_ .. �;'tY.w_.;, ��::• , ��7i' :'4�F�j. 't'��. . .�;lE. '�1 � `i. e•.�1�•`-.�r�:r,r:� .'..'.,-. x;. , ' :hi"`.:]'.':Irj.. .�. : . f''` , f . 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This Cer'���icatn, anc� �he coupons �ppertainin� herPto, is and.�has raZl �he qu31�.�ies and incidents ot' � nego��.aUle instru^:an� und�r �h� �€��,r mc�rchan� anc� �he Negot�.abZe Ins�rumentS LA4! a� thc S�a�;c af i�lor�,�.a, :�nd �ho ar�.�;ina�. hol.der �nd each �f�ccc:5sive holc��r � ._` at' tYais Certific�te, ar of th� caupans �.pperta�nin� h�re:to� sh�i�. be concl.us�.ve�y de�med bg► his ��zcce;�tanca herdof '�o have a�reed tna� this Ger'�ificat� and tlie coupans �ppc�r�nin�.ng here�to sh�:tx be and have �t�l ; �he c�ua1�, tie s�nd inciden�s of n��otiabl.� ins�rum�.n� s under �he l�cw m�rchant and �:hc� Id��ot:�ab�c Instrw,len�s �ay� af th� S���e af Florid�. , The or�.�inal ho].der mnr.I e��ch successi.ve hold�r af this Certificate? and of the counons appart��.ning herctc�, sh�zl�. b� conexus�.ve].y d��med , �o hav�' agreed �end consent�d �o �hc folZot•ryng �r•:rMS and cond�.tions: ; (a) Title �o :his Cs��if�ca�e, unl�ss reg3.�t�red as here�n . � t�ravi.ded � and �o �he annexed xnt�rest coitpon� � rn�y Ue trans.�nrred i�y d��ivery in the mann�r prcv:i.d�d for ne�ot�.abl� zns�rum�nis pafabl� ' to b�arez� under the l,�w merahan� �nci �h� N��;otiable �nstrumen�s L��•r of the S�ate of Florida. � ` •� (b) Ar�y pexson �.n posse�sian of th�s C�r�i�icate� ui,�.ess reg�.stered as h�rein provided� ar of th� int�rest coupon5 hE:reunto avnert�3.n�ng, re�ardlc�ss of the mannex in ti�h�.ch k�e s:1a?:� h�va acqvir�.d �30SSE..�aS�.OIl� �s hereby au�rioriz�d to rep�es�n� hxmse�.f 1s �he absolute owner hereof, and is hereby ;ranted �oiaLr ta �rans£cr �i�salu�e ti•cle her��o bS► deZivery hereaf to a�ona �'idE purchaser, �h�t is� to �ny . one urho sha11 purchase �h� same ior va�.ue (nr�:sent ar �n.�-��cd��.�} without no�ice of priar d��enses or equiti�s a� c�.��mN of owr��rshi�� , enforceable a�a3n5t nis �ransrerror; ovc�ry pr3.or ��l:er ar o��m�r of this C�rt�i�.ca'te, unless r�g3.stered �s herrin t�raviaed, �nd of �t�a �annexed interast coupons, waives anc� renaunces a].l af hi.5 �quitik�c � and ���.����s i�c�r�in in f�vor ofeve�r.y such b�n� f:.de gurchas�r� �r.d 4l ' }� i , � - � � . . . i .. �{� � .�.•. �rc� . .�'� 8'.� . .�t,:,.�A._.�..�. ;;�.��- —ZS— , � '�%� �^� �i���E•�`�E'%"t,�'�� ` F�£'i#.':����, � ' ','�•'A.w;q �` :..S�t`.+;-�', •� if'�''1,; � G� :��i`,�: �' •:f.' y�A��4 � � �,{6,. � . ,. , �� .,:t): �''' � , . l ., . ,,. . 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FORM QF COUPON r x::..Xs`.� . � On �hc 1st ��ay of ,�,9 .� s�h� C�.�y of C3.�arws�ter? rior�.a�, wi].1 pay to �he bcarex a� th� princi}aA� o�ricc� b£ The ChasQ Manha��an I3ank, New York� N�w York� �'rom the rev�nues and sgecial funds rei�rred to in �he �ertific��e �n whiah this caupan is a�ttached, the sum of � {� )� in �.�wfu7, mon�y o�' �the uni�ed Sta�es af Amear�ca, upon pres�n�ation and surrender of �h�s coupon, bein� s�.x months interest �hen due on its U�il��y �?evenue Certificate � �er3.es of 195�� dat�d Augus� 1.� 1955, No. 1 CIxY OF CLEAR4JATER � Fi,�RSDA Ci�y Audattor and CZerk , �. Ci�y Man�go� c'?jrOx'-('ifllTlnl�.5 8 �Qt1L'P (Ta b� �nsc�rted in Coupons matizr�ng af��r emZlable date on Ca11�,b�.e :�Ertifica�es �. �'uri�.�ss th� C�r��f�cate to whateh tha.s coupon is ,�t��ehed has been pr�v�.�usly du7.y cal.�ed far pr�.or rednmp�ion and paymcn� thereof du7.y prov�d�d fc�r't } {FORM OF V�LIDAT��I� CERTIFI�A`�E} ' VAl.idated anci confirt�ed by decree of the C�rcui� Cour� ai' th� Sixth Jud�.c�.a�. Circuit of Florida, in and for �'�.ne�.Ias Coun�yi rendered an the day af • 1955. t � E . .` ' .� r � ' � �,a , , . ,y��_;' '.' .� 5;�. S� : ' , �'P�':' , � � ', �! j . .�{ , . . �.:c'��c�.. � �� . r»wNP`, ♦ ���i ra'y�. ,ii*�.�,V'!h?h'+'' ft-.+�• _ . r �1." ....,r. _ . . •� .. .. . . . . . „ - � .: Ik�`.��: Clerk of �he Circu�.t oi Pine7.�.�s County, F�orida ���^ . wrti.r.wr..w-,...... . . , ._ ��� � _ _. .. . " r�« . . 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'i'� `. � ..1', 4� t � �5�'�, � '1"t • '.�r�y �.- �:: �=.M,= r.�: ::.: �" . ::�.; ..::':. � . a�,. c��T��zc�x;�S NC3�' TO ii� �R�D�HTLbN�S5 Oi�' 'l��a� c�m�r. _ •sr,�s`;_�y� �';:-; .;�:o :, �F , .;:,;�f;,�r<�,::,.:�1:=..��=�,�;;'.�: Nei�her the Certificat�� nar cotspons �ht�1� be or canstitute t�n in- �� ;s,';�� `<�;�f'�`''.�j�`;;,'{�:'F�'';:Y�'�:>• deb�edness oi' �he Ci.�y wa.tihin �h� r���znin� of �ny const',itiu�i.on�l., :�; . .. ;:� . •. , .:�',��;';� ::��':":°:,: ' s�a�utary or ciiart�r limi.tatiar� ot' ir�det�tedness, bt�t ���f��.�. be pay�b�.e ... .. ;�.`� . , s . .� '. . �'"' sol.ely fro� �he rovenues o�' the util�.ty prop�r�;ies of the City supply, .. . . . in� cv.��cr �nd setver serv�.r,es �nd spec�.a1 func�s as herein provic�ed. i�o .. •%:�; �; .:;,: ;.. • ',:. �. ,. :, ., ,. .. .. ��, :'�:�'�` :';;i`� .`',`�� � ho�.der or ho�.ders of any Cert�.ficatr? .• :t: .:;�.�;�� ;,°;�W':,:.;.. q; s issRiec� hereunder, or of any cou- ' ' ,- . '' ..�,•'.-^`��ti•r � ; ,; • - :. ,.. '�.� ��� ., µ�J�1a: . �.. :s==.,;�;:'=-;~��:•:.ef::;��� ..�� pon ap�erfi�ainin�; th�re�o, sha�� evet� hLve �he r�.�ht to compel tl�� ..'';4aF��'�'+�t� ;t�,t:f,,� ".�a� ; �';;�^'��=' I . t: r � , , °'�.,".y;:�,�:'; �`.t=��,':,,' �•��{" exercise of the ud v��.orem taxin� po,,re� of the Ci�y, ar taxat�.or� �n ^; .;�,, . s. ��� �`"' '�E'�'�'f-.',����a ``.���;�`+;��� any #'or� of any re�a�. pxaper�y tiherean to pay s�id C�rtii'icat�s ar the � `� `� �5+�`�%;;Ff ;r;'��'.ti,, � �'�,` ;;" • , . � ; �:�: : , � �#;;.;: � ���•:�'���' interes� ther�on. '•;; . .r:�, � �:�-f• ��..1 . l jy:w.��� .C.c�C��L�. � �.'4�-� •s .���.,,rYin��_.,E: � „ r�", :�,.,, , ,.;�i,;Y�cF, .!}f.i7,p�,C',.`'` ,r � • � � � �' ♦ ,?, ��,.;,.��.�;,�,.�•s:�.���,t y,;�� ;�� 3•02• C�RZIrIC�T�S S�C(lRED BY rL�ilG� OT' R�VLrdU�S. The , e'Ff;� ;k,'. � :,:,��'� � :r,.; , �1: V � ::' �:�,'y� �,5,_� �, �4•'�y�,,F,r�;.i. �_� '� � ?�:;� ;' ��.:i�:.§." pa�men� of the dsbt s�rvic� o£ al�. �f �h� Certi,ficates issued here-- '��f..`�� �`� E . 1 i��j� � . . '� � � �. ; ,. �...SY. �.�, �;;:;��`J;;>i�`�,����':���;`st�;'°���;�`�'=:t�;� tinder shail be secured far�hwith equa3.Zy �nd ratably by a��rs� Z�en �'�•ii'a'1'.ti:rr�k�y 3s�.; :�f.•i;�..;T��`. �.1:�. 1f.� �.}..,l.�.�?t��.:�f ' ,i1`���°,;?17.A;2`;6.` `�.:"'�,;,�, �` ,.�:��,.�_;��,4"-•t ;,,�1# �� on the n�t revenu�s derived f.rom �he u�:ili�y prop�:rtic:s of the C:i.�y �������1.-i:..�• ��h�.�r ,�t°o.� ;I„i�Y�:. . _. ;E� i'' ..1�,': , ��;� ;.�,!� } :,fF��''' :`.��E s upp�y�.n�; �ra�er and s�wer serva.ces �nr� �he specza�. #'ur�da provzded ' � ��`�f',��'��'x.F•�'�,.j.l.�r�'�... � ' � :7 �°,t�� Y-�=.j%;:{j'x'.�;''• '•;E'�' `. �. � a �',''� �'':��' ,rl�, ��;'•, herefor her�in. The n�t �evenues derived from said uti1i�y properti�s, .��:�;:t,,r , x, , .. , '�.. 'Sti.{t'.,`�; _ ; . • .� �'I':G; �.,.,; :��;;,`;.. Y'�` °,'` ;��;�;�':,��.;f•°:�;?�;,�.:�� �•';,:�� � in an a��o�n'� stt�'ficien� to }�ay the princ�pal of �nd �.nterest on sai.d ��� ,��",. � , Je �' �� � ;'X,'°�. ��};'y';. , . .�.�`,,f'• .'t;`'> ,s. `?f:l:: . .�.���� ^ie. ,.j;•" .«�'. ;;,: ;,';;� :E;;`f .,,; :����: Certific3tes h�rezn �uthoriz�d, �nd �o matce t,��e pnyments provided far `�`, �:l;ji-:Y�}�•� z�Si•,jxa;'s::11i'�l , :��.:j`�.��.���';:���;.� �',f.1,���:N,���, ;L;,.:ti;;;:4;,=:{::�:A���.. ',��... a. n�l�a.s ordinance, ars hereby irrevocr�bly pleci�;ed tn �l�� p�ay3�ent of .'. ,.�f9.::�v;..;;r:° '!t:•�:; rx �;•�'':�."r'' `'- ':� �:�;':'t�: ,: , ,,� ``�:;,:�<; the rinci �1 �f an nt r � on t C . �- E�' :•�- .. �. ��r`�. ;,; p p d�. e es !ie ert ificate� herein au�horized ' t. ,_f'•#:7�^ ��iTL.'` '.ij�i.j'���"�' /3l�%'� `( •R�ltFi/,l1yi�.r'';�, 't`�� �F#f'�f GN li�� 4�1��1� become 4lUG• ;�,';.i�:t. �e���£l:,•.:'sir,F�.i' ��' � i' �[ , , ���:�'�;��'.?;�.����;'' ��>�`'' `i4�,�,..�y'4:�:;It . .03. s�PPLTCAT���T (3F CEI�T��TC�T� FT�OCEEDS riPf�? fZ��'TREIvIENT l 3 , 4 � �ykf�! � �# `� 1{ . � 1 �r�ryf . � � [ 1f1.i:• �r� { ( �a�`` ._..''._ . •y.'-•�����; ' � . �F {?ETTST�.iVD�I�FG OBLxCrATIQ1VS. A1. mo ;-3��.�;ISl���:; '�"-yY�i+'i<.'•'•-��'.'j �- neys recexved �ro�n the sa1.e o�' any ��:,,�; <. .�-;,: :,���: ";;`;.4�;,g,:a=:'� i�= ;�'s..�`; ;< . � 4,�,�`t.� :' . �'.� � ,,��, �, :.; :,�; �E«�: � or ��.Z of t}re �er�i#'icL�tes aut}�orzz�d and �38L2EC� �'1.1T'BLIc'3. 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'..i�e:.a ��' :. i • .�,1lA�`�jlf' �'�^- ;'�"'� '' 'i•'� '.`4 :t�;Y �i:!-�Y'.5`'?.:�Ef`�';r�.'F9% � •''-;,�'� � � ����,.'?;'l r. ,a''11'._ . .,,'if,='.�5;�,`',�,�� .-{:r°���;°:!'.4:;`i. .. � (B� `�291�,000 thereof, ta�e�har with guch �ddit�.ona1. maneys o� th� C�.�,y der�ved �resm t;he operatian oi iis titila.ty prop�rti.es inc�.ud�.n� pre� s�nt�.y accumulated reservo5 supplyin� water and sewer services as rr�y b� necessary �a pay in'�eres� aacruin� to �Decer�ber 1, ].955, plus the r�rlemp�ion premium due on such date, on thc ;�29G., 000 principal amoun#; oi I��un�.ci.pa� ,� . . . . U�i,liL'y Revenue Certa.f�ca�es, Sez^iee ot� ig�7, of t13e Ci.ty, datod December 1, �9�+7, and m�turin� in, i�l�e yc7rs 19�b to �.9h3, ir�clusive, s�a1� be deposited wit�h the Chemica� Corn �xch3n�e Banlc, New York City, IVew York, t}ye �ay�.n� agent of said outstandin� cer�ific�tes, in tr�5� ior t�he sale and only purpose of red�emi.ng and retirin� said certific���cs �n� the cougona per- taining thereta on December Z, 1955. Simu].t�+neous�.y with �he c3eposit of the afors�aid moneys with �he (:hemicai Gorn Exchan�E Bank pursuant �o �h� nex� prec�d�ng paragraph, t�t�re sha71 ��.so be c�eposite� w�.�h s�id Chemical Corr� Exchange �ank,. t�he paying a�ent of �he ou�.s�andin� P��unicipaZ Utility Revenue Certificates, S�ries af 191�7, of i:h�: C3ty, inoney9 of �he City der�.��d from the operation of its utility propr�rt:ies xncluding presen��y �ccumula�ed reserves supp�.ying water �nd setaer scrv�ces suificient a,n a;�ount �o pay �he princi.pal of �nd 3.nterest accruing ta maturi'�y on �;�32,04a princi}�ax amount of tfunicipal Utiia.ty Revanue C�rt',if�.cates, S�r3.es o�' �91�7, oF the City, d��ed December 7., 19l�7, and matur�n� �ecember 1, ].955, �-n �rust for �h� sa�.e and only purposc a�' }]�Sr�I��; a� matura.�y tl�e princi�a]. of and int�rest on said cer�ifica�.es. (C } '���as, OQ� �hereoi, to�ether wi.th such �dditiana7. moneys of �hc� Ci�y derived from �he oparata.on o�' i�s utility praper�ies including presenL'J.y accumulated r�serves supplya.n� wa�er and sewEr services as r�ay be necessary t•o pay interes� accruin� �o December 1, 1.9�5, plus '�he rede�p�ion prQmium duo on such c�ate, on the '„>105,000 princxp�l amount of Munir,ipa�. ii�i.�ity Rc�enue C�rtifica�es, Series a#' �.950, of �he City, dated December 1., 195�, and ma�uring i.n �he years 195t� to 19b�, inc�.usive, sha11 be depos�t�d wi�,i� the Chemica�. Cc�rn �xchan�e �anlc, n!ew Yor�c City, New York, the paying � agenfi of s��.c� outs�anding e�rtiiicatQS in t�ust far �he so�e anc� only purpose o#' r�deeming and retiri.ng saa.d cer�i,ficat�s and �he coupons p�r�ai.n�.ng there�o on Decer�ber 1, �.955.. � �_._,.:r.....- , � �� � � . c - �t.-. . .., . _20_ . . . .. ;� �-S°S �� • 1' ' r . i : - i , E .; � � � . . .. �i.! ,�l�r � �'�.'� ' , y': ,, `• '� `r • '.a�. � ° ;'E' • �Y � ,,,5. .', ,l ^.e 4.� '. n �1 r; . � `v �>'.� 'i�s°as� '!' ' �F.'• •" ,C�-:i, r�' .�d�-ij,jtri'i. r : .A�` o dr k, . aE,.. ,�" ,'�S �'� •"� :+'.�� l,. . 'fa"',:e' Y��F`• •'i "5. F�'�: � .,. . '- . ....,. •'3'.'� - , '.�; ';. ..�.'�`,? , .7 `. ' Y'l,y�.�i; ,' � �,,,"F,`,j.,"„.'#.�V7k�4a��'t.iys�.I'�i:rj i �r+; `.4`:. r;�'��;4'�i;, ir��;,i; ' }t, � f��I��i.:.a ��tl�� ;:��. r�'q`,:+' �>�.�-,e�Ft.' '.:r:f°�.y'�:'���.�::i;�'. f' ' :�.'. .. . f'�:•::.f �: ' ��; �'' :;;'� � .; :,; <;ai. - ;, .,_: , . 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Corn �xchAn�e �ank, i;ho p�yinp; ��en� of the outsl-,andi.n� Iti9ur��.c�.pr�1 Ut�.1i�y iZ�vc�uo� C�r�3f�.c�t�Q�, Seri.c�s .o£ �.950, of tl�e City, moneys a� the Ci�y derivec3 #'ror.► �l�e aper.�#;iori o#' �.�s uti�.it�y proper�a.e� 3nc3.ud�.ng presently accumu- lat;eci reserve� oupplyin� water.and sew�r servic�s suffic�ent 3.n amoun� to �ay �he �rincipa]. a.f and i.n��ro�� accrua.n� to maturity on �;;�5, qQ0 principal amout�� of NTunicipa�. iJta.�.�.ty C�evenue Cer�if zc��es, Series af` 1950, a1' �he Gity, d.��ed June �, 1950, �nd ma�urin� December ]., 1955, in trust for t��e so�e and on3.y purpose o#' payin�; a� rna�urity the princip�l. of and in�eres� on said certificates, (D) Simu].�aneousl.y with the deposi� af �h� aiaresaid moneys with th� Chemical Corn Exchan�e Bank �ursu�n� �,o subsoc�ions (A) and ( C� abov�; th�re shal]. b� d�pos�ted ��rith the First rFa�ionaZ �ank of C:��arwater, Flarid� �;he paya.ng �;g�n� of �he outs�anding Water Revenue Certific��es af, the Ci�y, r�aneys o�' �he City d�rived fro� the opera�ion of its util�.�y propertzes inc�uding presen��.y �ccumula�ed reserves supply- a.ng wa�er and s�wer services �uffa.cien� in amount ta �ay �h� princip�l of and zn�eres� accruin�; to mat�zri�y an °�7,OOQ princip�l �moun� of t"�ater Revenue �er�i.�icates, of �he Ca.�y, dated Der,er�ber 1, �.93�, and niaturzn� Decemb�r 1, 1g�5, zn �rust iar t}3e so�.e and on�.y p��rpose af` payi.ng at ma�urity �he principal of and interest on s��a.d certificates. �E) Any maneys deposi�ed with the pa:ying agents af t�ie out- s�andzng cer�;ifica�es described above pursu��nt to subsections (B), (Cj anc� (D) above, may be inv�stec� �nd reinvest�d by s�id paying agents, �s d3.rec�ed by the Cz�y, �n di.ree� obZigr�tions of the i1ni��d S�a�es ot tlr�erica° providad, ho�telrer, th�t a�.1, such investmen�s anc� reinves�men�s of suc17 moneys shall be a.n such abli�at�.ons ws �i'oresaid maturin� in such amounts and ai: such �ime� �s m�y be necessary to provide funds to pay the priYfcip��. of and int��:res� and redemPtion premium pn th� out- ;�tandin� cer�,i,f�.cat,�s, for whzch sr�id maneys were so deposited, as the ���� ��me becottte due and pay��b1�. The interes�, iricome ar other incr�ment ;. q ' � . �' , i ' C�Jr CI,�' #(ap �'r..,,,�,�._-...._�.� ..._.< . .,F..�.,.,. ; .. �� ���� � 1 , .�..,s �, . .. _.. .- . Y�Y r<,-A.w......,. fn�. .. � . i5 ... r . .. �� 7 � v k f " � � �, .� ; . _ . f � .. . , e r, � �, ;� _ .�yf.. '�`,, •e � .f- '3�e,°�e�,��� `,a`'ia"� .�'p`:d/::�-;r;: � Mi'°a: ;•�;.��;s �'�;�?�Ef ��„ �',^ � ...�kr..�..... .cr, c�.:.� t...s_ ...�t.� • :�"': , �'ii:� i �.� -t -•;; . �� i ry , f���� �i � , i !;t � .,�>, 'i � j9L�' � :�;;;� � f�' .�� � ���" � 1'� i ��" > a �,;� j ' '' ;� � i , �.i. 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"%, . . . �'.h' . 1 -1 s ry' ';c= �(�'.F't:w-� '%r' ii� .�1� �s+•'*:� .r." x:.� `.; v -.s .�°:,,. '� . . . Y r . rf ' , ,���� - ��d� §; •.: 'w-.�a }i' .Y"' . "1• s1± S� �.` ' l� '• � � S Y.4 3 � "i�. �: {.' . ^k.°.•'. � i� , i EL.� � r�:n �£ .�.;. `.. w �?' '� s � ; a� s r ;j. � i . .. . ,�` :l�':� .k' ,j +'7 `�. . -1�1" 2"ts_? ,ts � � .b '�i�" . »e Si 5.� •� 4 � 'r< l' r �>�' , , . � r i '' S'� . i'i �. �� �;, cCt •�i' ���' .. . . . '!f�. o' 1, •-'� �}�` t� :�§, �Il . � ��f;�. ��.. � :.t'' °a, i' `s ''.t P'+ ;��;.: _�.._orP'�°�. r, ,; . `K..:,., ;�1.. ��, r � �, : 's' . : �,,�' < , <� �=,"° ��r .�. ;y;: _ ';s��� -..� . .�,' :�'.:; �`x,M �-": r '�1 r y & � zY, �'�� � 1» r't'. '.�� I •R'�' ..1'� r �, . . : f : L . ! t �rs r Kk;. c, i`�.'�h �'f: l }`� . . . . . ri , �} 4` j�'�- S�i[%' �L . . ir. � t Y`: � .1. . . 1� 't+ Y�. .7�F ..l. .�s �+ i'� i. t �C � 7� -'el'u, .� �+-.°° ::i:'t. s:. �i r a , r � � .-.. �l: �^'t•• .. ;' . �,r,='.��f:,�''niti' ,.�, ..�.ow,,.�,......,..k" .�. Cti,:�.:,''._.::;�.tr"�tr�w��:,�«r.�w �....� ...,. ..........._..a...-.. r.'�-'-B �tii;►�6J1ti'e:�i9�A$�`�'e-#+FS'+.«6�ri1�l ..: n..,n�' r:.�� n,, r+.:w r,�,w:.+ ,�.- .. w....w. ...,, }:��a i .'f;�,,�.,�.��.ip':: s �:s i '« r t�._p.r.. ; ��: .�; .. ,;f' :,�. �. �,�Za.. �:. , � ;' ,h'.,', . L�' . t ,�'�{4'�� t'�i �r �'yir4z`Zs�`�'1!.�3�::�;^..`:' . : , :.. •� �.' . t Y{t�� h �, 5��;,.'G � • . � � �• �•�:'a' �a'. ,��i:��.,lti�.;.��1,:� ��1.+' � . � . . o. . ' . :�f �c:lj; :�?'i'i.,`:r;"�i � � � � � � . ''✓ . _,� 7j`l';�Ri3s{��:ia���' ;��i•(";:v`.•.'c`��,, .'�to.=' ,,,,,v . 'f . + a�' F' . �s8�t%:,` l�!�7i;.i:,,"i.`r. ;.# � � . . s • . , . . . � . -. f` f ��as�. "=( r�°r'.d ja. .� � .f), � � � s, �` wF.`'ti ::i� : .� ' f ski��;� Sti�.d=d�., .te'�);�; rv�ti't..,.�s ` . . ... . •� , .. .�r'. �'i `'• Y`�r�ep�Y'S:': :Iye'y �''�' , .. . . ;t,L`.'f sr, 1. . � r . d• i � .. . � �� 'h- 1�,� "v ?f:�� . .'( • e . ��h�<�°l•';4�a`, �•�.,c.�. �Zi�1.i � . ' . ,: '. ' • ;��:..�;::f'` . '�'���"'�``° � rece3.ved by t�hQ City on �ny such inves�menti ah��ll t�e doemed �o be '� `f'h{' ,'r;. "':�r,y1'i4's♦' • ! ' . i ... . y .'�>:`t�i�,� . _,� <,;� . .}� . , . . ,': ��".f�,1."�i I`f . - . . � �� :��'" >7r�'` 't: ' w:f 5,'.,i.. 'M1�. I ,� ., �,'i��.5' :=t;'�` � . � I' ' � v ' „',: �'�, ��,`•ry '; � � : �;:'�`- :,.; .,`.._ . I. , �.t • �9• `'. . . ' � 4•" . . :f.�:. , _e. _ . , ., .,... . �' � "t` .;;<: , , I' ..l�•rrihfj, .. "f' � };-'.. sl. .�� . . , . ��� �S;Z',• .-f.. • ' i : , 4` +'t a � . . ' . � .� i : ; `i,�•� ��,,. ";C ,_ : ,` '` �.� 6�,...� .:��;�, .. ., : . , ',e . :�;: +_��S�d�o' . , �„ .,� '^''i�'•1,7rf1� . .. +���� .:1� a t'l' `"�,1�F�� 'trC �ik�� e! , r . I- `C' �1'^�;'; ���•;'`' %,1.'.' ;'� �.�r 1�:. .i, ° 3;(.f� r • .t , �(:iv`Y�'�p>iN�.�e�;��.� ! ��'. r� �� Y��.'r . .Y � •.R�r � �� .'.5+• .:,!1�;�,,lF}:�:.J'y�' '4'�';: j. i• . � : i��l,^.•�° c . .:'1.",E:� ./. 't:'. 'Y ;'���l;' ��m����'j�..k.J'�Yr;F��'r`.'�;/k� f : _, ; t'. r : « ., , .';. �i. ;,; �;{:'•"�' `.;:l�t,., �'''••`;.S ....: ., c"i3 j� ri` : tl,:;,`:':j:'., �, a'tif;: �; �'��.,�`5"'°;`9�.:.cr_,ti','°�..Y,`,,'�;1.'.��, � ,�[2� !.�';.al`;����.� "f;..tJ; � �. �� . :r4�'.�i..rf,1.t��F���fp (!����5�4;�,�`:��r7 ''�!�'4•��'�'�.t!�i�ylt,='y�:�,4,�`fi����'�,1}s . ' �+ .�t`� ; i � `;: ;.,. ' � .=�'-, � �p`�"; ' .:;i;l� . ' +%: , : ;��:;'' �1�1� � .t'' �;-%J:''a :i�: ;t it . <. ;yYl,.:f� Y% .` ;= ',n,'".. .��P' (, , ,.i � �t�'j;,�;�'". :i"�•w ?s'•ti. ��t��� vi'. .. �.ir��<` ,i'.' .r4t;e��' �s. �';j �:;�F� .j �YI, �� ,'7'e ,e;e�i..�, :ii i�; ��•i-'' +�t ;"a':?;t:}; i�.� .`;,' - -.=;�,::.,. :l�'� �:7r� �:� t!.<r:,':.4 �, .;/ , '�j,,'�'.`�;,j�t�, ���1�i1•i5y f •,!'� i!,+1; �'i.i;';f f�ktf.'• I"'�..�i�.�l.:. ,, � �,,.;'� � � , ,�,� f.' :Yi Q�.S'. i�,: S. .%: c`t.}t� ' ^'1'=5 `�, i: ,''r .:1:.`' 'y. °/ 1,' �•.° ,'}4:��E: ii' ! •'�, �("�!';i: .�.,i��•.n'S` C�i )"1 'l, :.�i"' �-'i�.k. �57:�'•` ' ,T�4j: .i' ',t �• J'' J•`•: _..F!'�y ; ., •.,:� °�. ,:n. �� .•1���.�, '•�i�l, ��'t'6 `������Y",15.. ';�;, '•j.: � .��i..' .; � �t � Y r �9•� Y ' �.5�! � ti�• �,t, , I�j•� �Stt ,� � ', ;,,< �;,PS: _..},k;t �i., �;�i .��,,+�, a .;-. .i. t� F c' `l . �l ., :.a, , .�,�rg.: • :.,�r, ..!i,p.Sy�:�d.�5 :';'.' �t,':1'.;,C. i. '����?.��i .a,Nl..{ t f�'''ti -' �:..�;5{.`,;',' :' s • '� ,. :�, r'.,.,�,� ,�i � s � t. �€i ; �' � , fe �: i �� '' `�t';;p;;°:.l�;' �J.:'�'r.r'�.� i .!i' �.y`�f�y�i .'s.�l'�r � �£.`�s' ;��:� C . . rP , 3.{..i�t,��'l.,�M1�13.' ��1 ����:t.�ti :�i�'r.`�r`:� ��� .�.,?;.�':��.::,'� .. � � Yf,' �:��.4.Id. ~'iy'h:;.','b= �','f,�.. x,�A 'E �`t'.`.°7..: `'� P.;', - ;F'`':�,n.YN;:�,,, ��.; � .� "�_�;� `;� , � ;. � , � : :.i'y:; g:i�� ";1j:..��,'";�� '1�,.�,4�tik.:� .L:'�� � :;,.::�;i +; 'R;: , r�= �, s �`� _'`" � ;`��`�,::1�;:�i���� -� ,��:`�� P� i�.: .i ' ^-,��_=.�`iv�:`{i�r.;CY}�;,�h<';!����:�'' j �'1� �=�:�-:,>:r��.�i�:�aa:.��°.u�`:'.., �t���.��� :?; - �.�:�?: E: ...-':,.: i.�� RevenuQ of �he Sys�otn 7nd sh�11 be ci�poa�.�eci in �he Rovenue Fund herQ-� inm£�er pravided for. �he City doo� herr;t�y de�erm�.ne and el.eci: t;o red��m on Doc�mber 1, �.955, �he ���9�.,000 princ�.pa1 �amount af �rtuni.cipa1 U�i�i�y Rc�enue Cer�ii�.cat�s, Seri�s or i9�.�, oi the Ci'�y, da�ed December 1, 1q47, and maturing in the years �.956 to 1,963, �.nclusi��, �nd ta redeem on DecEmber l, yg�5, �11� �,�105,a00 princ�.pal amaunt of Nunicipa� Utili.ty Revenue Cert�,.��.c�tes, Seris� o� ig5o, �f L•h� C�.�y, d��ed June �., 1.950, and matiur�n� in �h� years �g56 �0 196�, incl,usive, and �h� proper offa.cers of the City ar.� herchy au�horized and d�rect�d �o do and perfarm 9uch acts and things as may b� il�r.�55�3"y �d e�'fect the re- demption of �a�.d outstanding cer��fica�es on �he afore3aid dates �.n accordance with �hc provisions of �he proce�dings au�hor�.zin� the issuance �hereof. (F') The ba}.ance of the proc�c:ds a�' saZe of the ��r�ifica�es shall be deposi�ed by the City with a hank or trust cnmp�ny authorized ta exercise t�rus� powers �nd tahich is a member of �hc Federal. Deposit �nsur�nce Corporation, as Tr�stee, a.n a trust fund to b� known as tl�e "Construc�zon Trus� Fund", undcr � Gons�ruc�i.on Trus� Fund .'�greemen� to be herea#'�er en�car�:d in�o bet�wecn the said B�nlc and the Ci�y� Said agree- ment shal2 provide, among other �h�.n�s, �.hat no wi�hdrav�al shal�. be made from said Cons�ruct�on Trust Pund, except for 1e�a1 and engi.neer�n�; ex�- penses, �'ee� of fiseal or iin�ncial age�i�s, and exp�:nses in conncc�ion with �he � ssuance and sale af the Cer�i.£�.ca�es, s,ri��iout th� ti�tritten approval. of the Consul.ting �ngineers rntai.ned i.n conn�c�ion with the improvement �nd extertsian af the System as herein authorized and the Mayor and �he Ci�y h1��tna�er and the Ci�y Tre�sur�r. If for any reason �hs mon�ys 3n said r,�na, or �ny part thereof, are not necess�ary �'or, or are nai� appl.ied tti the purposes Provided in th�.s orciinance, �hen such unapp�.�,ed praceeds sh�ll be deposi�ed �by �he Ci�S►, upon c�rti- fication ai �uch �onsul�ing �ngine�r that such surplus proceeds —'��— , �� 4 � . �i� �o m r_�. � ". '1 �f� ••�' �'r .� �•.f'.i� �q`ir�;,�Vy � F�� . 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' � , i: ;,'�'� ` �,`, ; ;. ;. .'�.s . : ; ,�.�1 �� `��.a:.�'`:�:.;:-:.; �,•..,�' of S�ction 3.0� herQOf, ,and 3h��.1 he used only for �ho purposQ� thorQ�n : �, � `i - � 'a a � : ��'' ' � �';�,� � �t �.. .. . ,;;;�` .. ., ...<i� ._-o: .. � �s� -. • ' :;� ' `. � , � i :� ,��. .� ' -:. . . , � k, � ,� ..�.� � � . . .. 4 . '�', '``,'+€�� . . . I�''rP.�",.�Yt/'!'.i�s' A 5:.., ,;.:i . � ��I.�y�� �bh t..� '`:.' li� ..��. r� ,. ' ..:�. ��t,,�',i',xa.,j��:., t�' t � .� . , �. , � �, , '4� ; 1 ��� :e��r? :�;�`��i.z.:'„ - ; :;'•. ,� :, •f•p: �.,i; ,r','� x��{,. a� �1.�.F '}.i 4r.' •'`5:.±ti . f �i�.��'li•�"��,t�I.l�'! r 1 �J �. . �,.,,',_ `.C.�: ,,.z��. :`{ :: ,y ! � � � J:; �s, : �rf,`., � :s ��% � � �'� i � �• :.� '.iF"°. :h'4'3!f,� 't ' e; .�:,'r :,, �yY�:,' r.j;:' ;,1� .1} .i;' �'ii¢: •!�� �' -'' , . ':�. :'a� ,i �':J�e;1 ��.;�a,�'.'" �: .=i.�:�•' �, . ���: : �� . ��•:;;��,,b � ,"; � � re�����,�1�:1 �ti.;�.�: �-.t �f}.L�` ����. J.j �. �f ,��.P.�. '���' ��„- • . 'j ;i .,".' ��, '"f' �'. •K'�'s: j; �`,•�'r��i".E:: . � j ..e- _,',� ; :�r;�tYt�l;;.,-':r�'2�'i:' I' . '�a�'�^ ..l�p r �, �.1, �`s €�� 7�� f .i� �' t',�,o.1` %t:t� `�.1,'t�lle.. a `1 $ * ''' .1 , �y„ •� �:. . s F.3y � ;.`;�.'• : � �t � �`.� �,` : .i ^ '` t i'� .i �� ° ..�.' ^ 1Y .;'i�:r. �;�:.�r rf.���;;1 ; �''{F : �; ti` � (ra4��; . -'F, �+{�., �; . � �:. -. ` :' ,�s.�;� ',t�f"'3 ',�-`r��"�: ���4`>:�dii'%`. "`'�;�;;:�,. �, .;.�.�.•. �k ��C'-° y � ;f:t': �.� �i:��.� '/ �' �i �i 'T�e�v�yx,S•!.1`,. i��:�^� �d{i.' ;�; `.y°��.�.' ^f, .s . �� . •'�� ,. ..; � ..�1� l j 'f:.`.' ;�r�e.�' �f ir� • .i !. :j !•'F ,�."{� +, R��i � , . �'��t � �}:..�. �;<�(1''�' '. '.�,F, �,.' 'c ,� ) .r,,.��:; . ,'rf '' : 1 " : �• .�'ri�J: "G � {:i:� � f�. i�S. �'� .1 . l I;�1 %t � �:i.`r i`:'. .:i�:'f ,,��,,�` ,•i `�'•;��;' ��F��� ��• '� - ;'i: +°'l4lF' P' � �1�'IY. 'f`•�ki'..1'�� . ':�...��� , .^ '��. • :4'-, l:' dr•;�s ;: ;,`e . � �'�;``:S'� i : ; i., � t;a,�;�,, . . ,��4: . ;i:f��:. :'�, '�� .i. f`>;: :� ,:�j;',`!.`.t�;.�f��;Y.�i t j : � � ' � �'� ^:`E�' �3 ;; ,s..; •, .t,�_;RY; , e��,, :y;1 �,, •,:1� � . r' �sS'r�: ;,{;�:�� :t:�:• � 7� i �'��1� "jt ,•.1: .�x�.;�Ff�� : ��: 3� =fi�=���'„ '..G.S.� �. -:�N .., , 4�.,'�.: .��:''. , .',1;,': " .�f^ �..� • ., ,, a . .�7; � .;•.S�F�: :L ia.h,��ifl4'�i {r'r'�:`•���( St�e...u�.f �'��,:•� ~.1fk�.�,?.�f}�F' �'i�r���*a%��"E'{Zx ��:'s1'^t� �!'.' . _ i{Si ' �1_Y. f:?f."%`�.'+ ✓-�• {�� . ��f: if �'. 1'� � �� '1. prov�dvd. i11�' �tiic�i praceeds of tha s��ile ai' the Cartificr�t,es sha].1 be r� nd con���tutQ �rust fur�ds ior such p��r�o�es �nd �here �.g horeby created a lien upon such mon�y, until so app�.ied, i.n .��vor of �he halders af �he Cer��.#'i.ca�es. Such proceeds of �he CQr�ificates may, p�ndi.ng �he'ir use �.n �he �tann�:r in this ardin��nae pravided, be ternporari].y , invested i,n direct obli�ations of the ilnit�d Sta�es of America, matur- in� not ].ater �han twe�vc mon�hs aft�r the dat�e af purchase th�reof. 3.0�., CQVENANTS Q�' TH� C�TY. So �ong as any of the prin- czp�]. of or i.nterest on any of the Cer�ificates sha�.l be autst�,nding and unpaid, c�r un�i.l �here sh�3.I. i�ave been set apart in thQ Sinki.ng Fund and �teserva AccoUnt h�rein �s��b�.ished a,um suf:fa.ci�nt �o p�y, when due, �he entire principa7. of the Certifica�es remaining unpaa.d, together with xn�ere�� accrued and to accrue �hereon, Che City covenants wi�h the hol.ders af any and al� of the Cer�ii3ca�es zssu�d pux�uant �o this ardznanc� as fo7.lows: (Aj RATES. That the �it,y wi11 �'�.x, es�abli.sh and m�intain such rates and cellQCt such �ees, rentals or o�her charg�s for the sr3rva.ce9 and fac�.3.i�ies of the Syster�, and rev�se th� same from t�,me �o time whenever nccess�ry, as wil.�. al��ray5 prav�de �evenues su�iicient to pay, in the manner speca.f3.ed in SECtion 3.04 0� th3s ord3.nance, and out of said Rc:venues shall pay, as �he s�me 5hai1 b�com� due, �he pr�n- ci.pa7. of ar,a interest on �he Certif�.cates, in addition to paying, as the same sha1�. become due, the necessary expenses oF operating and m��nta�.n�ng the �ystem, �1�• r�s�rve or 9inki.n� funds or a�.her payments provided .for �n this ordinance, and �z11 other ob1�.g��a.ons and indebted- ness payable ou'� af the Rcv�nues of the System, and that �uch rates, iees; rentals or other charges sh�Zl�. not be reduced so as to be insuf- f�.cient to provide adequa�e Revenues for such purpases.� � ':, �r� . -23 - � ��� . ' ,.3, 'if. . . �'. . r,p: , i�`'�f� ; .'' 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' ;; '?{��>'`^`:;';,�''�!�:.a,'t,� �E, ���:i.... . . , • .. . . � . .�,� <i. .r�: #t.� .,1;�•' �r� �l. _ . . ��. -?i��' ro:�w. � .'�f . ,i� . . .'r: . . , .. a , . ... ...r.g. ; , : . t y.b. .��;�,r,:. �j; i. .){• .:�: _'tly�r _ irirl'w.:a;.S+.lC:ti».:�—.�1a..::-t-�;r1?__d.33...�Kfir°:�„ ....tli='.ti"...c.�_ ...,......c..,..,.. ..................»....+-,.-.-....�.......�s....._.....�...... ...ti»...,,..«.,ol,.nw—�-.�-v - w, :i�' '� �i;���ii" - rx:�., 'y`r..,..°:!v- �s „ "'S" ' ;�.� .i.,;'; � t.jil4!�. �j.;,.e• :;n.''?".�g.�.. <..t:�r• • . 1. • : ' . , y F.. _�'` `` r •..' , E. . .. � �.V; i:���.�: ' . a a. � r, ^�.� ;.w)� , /�''� � �.� 'z.;.?�r:. �a.'i.� � .', . ' . . . . . , i'ts, .�, :,�. Z.^� f \ r c, . . {•!_ ,�a'iF 4, .7#.�,�':;;�•. ,. `v�,� , , • � � � ' . 1 -�� , .te . . . ,Y1: �i.i�tk'i�j+, '.:' '�'�',•. • 1 . . . . ��- • �+. . i� l 9'�iZ' M� k.�s� ;i.iia i�:\: w t.+���•. 'f'•� `: .J .✓�. 3�� �;i .3�'"�. :3� . ' - . � . .Lt]�alT' `r:.1.'T ' :3���3s. .i l� ' ,' � . . . ' � � � rT.s'i�Mr�1i'-,�.�.:t�.i ..•.>� • , 5 ' ' , � . � 1� _,� , b . _ �� �`.'�'�e;� , ' � (B) R�V��TUE FUND. That the �n��.re Gross Revcnuos d�rived ; � - ,;.,:;':,. �: .-,;�,:; . , ; � ., � from the opera��.on of tho Systicro shal], be deposi.�ed in a sp�cial �'und ; . .�E�. , . � , 1 �,. �`�:�;�,,; ,.:.�.,•., `� ., ��5 � in a b�nk or trust company �.n the Stata o� F].orida wh�.ch is e13gi.ble { 'r. '{i,� . . , � . . F . �° �:�,'�`.,,; �:-'"f; �: j�. ::•:.' -. under the state laws �o receive depos3.�s oT state ��nd Mun3.cipa]. #'unds, � . � , �,;,.. �,_ ,. :.' ' � . �. � : ,- which fund is hereb� created �nd c�'t7b].ished .�nd dosignat�d ��s ��ie � � � ! �''' �� ' , � t�U�ilit�y 5ys��n RQVenue 1'und" ( hereinaftor c�a1.1�d 3SRevenue F`und" ) . , � ; -��' „r . , ' � . .:.:;,��:�:':_':,;�,::T� :. • .: � .t Said Re�enu� •Fund shall canstx�ute a tirusti t'und far the purposes pro- : ' ; . , � :. ,: ,s :....: ...:...�.....� , �. . . ;�. - ' videc� in this ordinance, and sh�li be icept gepara�e and distinc� f'rom � �. � . "'�`�'�� '., ��, _,. �1Z other funds of the Ci�y �nd us�d only £or the purpvs�s and in the � ; , .:� _: ,:,.. ... . . ' ��;- `:. � �:.'.. �.�',.. ti ;: ; # mantter pravided i'or in subsecti.on �D} a�' �his Secti.an 3.a�.. ,:�;,: .� . ., ....p . . . r,�- . �� � , 'f� �, ° � ( C } OPERAT�0�1 AND MAZNT�NANCE. That it wil], mainta �n in ` � - � � ; , . .x'. � ,:,.... � , . � . �j �. •;�- .; �:._ : '�� ',,:;;�.:.f.. • . ' �i, , . �.' �;':-�f,:t,:��`•`,�,� .::�.:,;�`'� ' gand condition the System, �and al�. p�rts thereaf, and wi11 opera�s the . � . :� ' �`i.!'i,. �,�: �i. ; �a,. � f` �. :�F,.. . , � :' "t' ;.'' ' ;,1 ',� • ri.. ., . -s�; ""'�'�,.�``;�^�r�`.�:�,:�: "z� �t�'��'� 9ame in an efficient and economical manner, m�king such expenditures ;�::� ��� � .�� '1'y ' e .>.! . S'' °''�:'cSC: '��'� . ,.' �; s�'. . '1 . �:t1;.i���;�:l:;'��jr''€.'' -� �.'e.�,� „' �'.": �:.- j . ; ;•'' ,�:.'x'^..��'.I f yl ;• .-'z}.: for� equ�.pment and #'or renow��J., repair and replacement as may be proper �':_:'.�.s. ;,:�,....�' ,�.t�t`:<E: ,. c,,: ;:,, t 1' ! . ' �,: � `4t'i.y' �s's ' i: e �':''t �, i .1' ''�' _.�` •��. r�`, �3;,�'� .�`V .,:�„ for the c3COTIQt'(1�.C�� operation and �r�a�.ntenance thereof. =� :�,:�,,. ;��;; ��'• . ,.:.. �,, �..p+r;.:;°,��; .�,��_..: .::. y.;.* � _ .� .a:�;,•. ` � � ., .�_.x , ,`.`°'_�' :,:,''':'��•�;;.;',�>'`` (Dj DISPOSTTTdA� QF REVENUES. That all Revenues a� any time `�'�T���;�,;:_ �=<<�T-�:;r:M.': . � s, 'E���`.i:• '�tr'�"i:� �,.��F�x,; �''fi�.!�:T',.r{1,�i��Y{°i'v . L :4y} :u �;!'� :; f' .. ' ;��;i. 95:,�,.� ,� .. :.ti.�.: . .1�� - �`,� ya,'.,;.,�' _"'�^.w:3.�,sy:�f'r��+'15's�� a ,; 'fk.'"�•r:'''��`Ie ��?. rsma�.n�.ng on deposit in the Re�ern�e Fund shal� �ie disposed o�' only ;:'�r�,,.a<�r�=r'.3r���:�,:•�< ��y` ,.�; '�i]S�e'ie� �!, � `'ti' ;'•sk-r:,:"); �:,;;:;,Y; ',.��.` ' '.'; .., .t;`.:�z'�,'`-''�` � :`�!,e��: .3" .. ,f.'i:'r. �1,.�. ��'.,�,' ?i t,F:It[�T}: i�3 � �. ' � ..i" ��''�''t�t., ;"�:" , �.'°} .e,,°'�", ';a;r'` in �he fol�.aw3.n� manner and in the follawi.ng order: �r _ ,,:,,.:.�,;;. , . i�'�.} . 'I[`r'f�' . y ,; • ,' _: . .j` �f' "�,��,'N:.tiV.`.,'i� . . � ���: , �t.��.3� ' t:t'" ?'C��'t'.�7��.�f��,.'�le-' : �' �' � t� � ,� i s:� � ��� � ( Z ) Rev�nues sha21 �irst be us�d fox the payment af a1.1 �; .� ..'' �Y;�'w�.=:`;?.�''': ' _'' .'y i � E� : ,;..; '• _ . "d; ,' " ' ,>} '... .: '(., ;-�` .yiz%�Y€:. "rtiz- 'F ,i ' ; `f,. i" ��� t �:,;:- ; �:.��l:;,F; .,'�`� -s',.`l: ;`='`��: ':� current Operating Exp�nses o�' the System. `e�< , �''"`�"`'`�.; , °;�r>.'�,.,' ''•,` ':`x.• , : �.rr` `�'•'' (: ',�:• �:'t'�'�;:>�. '' ;,5.r.,i :'i�i." . ;.,'.�' �!i:t'� ' ��' . .l.i-'Ie f' ,: ,:'�--t� "��:.�' �y,�r.�.��';�::�-:,�,i-` (�) Fram the mon�ys rem�ina.ng in t��e Reven�e �und the City r`;' :.;�'.. �<'��: °-�'.�� : 4=,��'° ; �•;: • �' ,: �s =1:. �. ;, �, ` .; . , , �+ � .t.: '=, I� l. .; �.}t e:r;N ; . ..l`:'�R .� . • ,. •r t � p „v� '. I • "'' - li: � � �{�'`�,;_ �i.lr�,�•��.,,...+,s',�-,. `;2�� shal� ncx� apportion, set apart and deposit wi�h a bank or Trust ,.;:f� ':'�`:_' , I � ��3+:';'`�,ti� .'� •'`' ;E,- _ :,�.. :i�(��' a:` "�`' '+ . . , , � tl:' �i ' . '��.��if:: ,-" , ; • '�, . r'' '1?,,. . , r�.+.�z�`4;�i c.s.;r� i: rf.: �, a `�'`�.f �;;:: 't ;.,, R1,:�:. Cornpany �n the Sta�e o#' FZorida wi�ich is e�.igibl.e under the �,aws of "4. ��� ,��, , j4�� � ~.� a;�il.f ,. . f� �;..f�t,�f� . . ':�..... I ,���' :! tit�v,4�+, 3 ,'9�`•�!�'1�� Ir ,� � 3t1��' � d'. e.�}��`°.+ , . '. ,�;�..�;:: .�Fr',;;.`` `,���. ��,� said �t7te to receive deposi.�s of st�te and Municipal funds, as Trust�e, �'���;'�� ° �,�, ���' �:�� ';,�,," .. �: y •,, � .:s,:, �{T:.t '. "': : 4 .l= � ��..I:fr' kr i. j ..�' • . .. _��.' �, � a��.F.;.i�.. � I .� .�f' iF� `t ¢ , e ` . I '�,L. �%,`' 4.�EI���!'.. - �.'i}:iYi T`� .i�:°, �';�- `�''s:,�'�,- ' in a fund �o be knowr� �s �he "3inkin� Fund", whi.ch is her�by est�b�.�shed, ; .�:`t..�'�=�:f�:°� : I; �' 'y�,�; 'it"'..'�: • '� '����r•,�"�'• t5;' � ,r�.Y;. ':''t . . , , ,;°i`;:� �q.., t ,`s.: r �.� ,.•- �- ' i ; -1' ;� s �,, �.' , i. ,��,; ,; " '-i �_ � ,. ':.<<a�. �",.4 �����`� on the f�.rst day of each month �n �mount equa� to ane��welf�h tl/12 ) '��:�:�� 't'� ��._ st., ;;, :�.: .. �:t��-. i � _ ��.�d , : - � �>' � :.:•, ., :, � :'t;�� t,e"" � �.,� .' .. .� . . �. .l•'�n�•�';'; �P.�;,1.f':�;;"• °�:',r:>°,i :s•�i;�,::,:a:, 'd.Cwc ,;: ;,' �:�:�:Y�;:.''' �'�-`��?`�"` `'F`,���'� ai a3.�. the principal o� tihe Certafa.ca�es �.ssued hereund�r which sha11 {• � ' yyj' +f:i � .._:.� �.i4�. 4.'3. '� , . J� :tti : 1<<J t ' 'bt..�r . 1 i�i F .d�rr.��.��.n.��i.:Ri .' �µ/`i . . ,�9.v� e' �•= ey ;'(� � ' �`'�,Sii�ti,s r:.,��`<�r;��'2�-' ;:� , 't " } '-'.���:j�� =�:����: 3i�� ����"fi�`:�'Y7'.:�"-"';�� mature and became due on the next princip3l mat�ri�y d3te and an �he � �r � 4 �S. :�. . � firs� �ay of each month, beginnin� w�th the first day of the month i.mmcdxate�.y £ollowing the del,ivery of the Certzfiaa�es, an aMaun� �c;ual to one�si,x�h (1/6) of alI the interest which sha�1, mature and become due ott the next semi-annual in�eres� paym�:n� date; provided, ' 4 t , , 1 �: t ' � ., � ' . ,4 f ,ti �. . �� e������� . .'±F"" _�, 4 . _ t i -2 �.- , ur�� $ � , '' . �,. ' -� �t�� , � � � . €��SJ � I. ��� `t,' :��' � �sa., lt. ., . . � "`�?!•. 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L�,`t:i�:::�E � ..srS��� . � . ' i;"?i �� �.."dF4�`� ��i�c�r'�'��.�r.?}r � 1 �' . , ` . , . • . ' . :�x. � �i' _ i .".',, '�•„E,! =;.,f ,;.,; ;Y' , , . ;�i>:��.CY� ,:3;'�'N..1'!M1`A,I�`eF;j!.',' . . ' . ' � ' , � �". 4:�: . f `"`.";;::, `"`'<:��-�t'.'.�:�`.•;�,.;" ho4rever, �hat s�xch �nterest m�y, �o �he extant �l��tt tlie Revenu�s are ' . . • �'f'• _ . �iY `.{�;:�;: ;;�?' ' . ( . . ���"����'�`• ��'��'''��;='�`� �nsuf�icient therefor, be p�id iram the moneys in the Con�tructa,on : ' ;. . ''� ���`�'r:�`.;"� �=:'�' .•. I'und d,urin� the periad .�a3.3.otvin� d�l.ivery o#' the C�rtificates to and ' , �,,.;.t,;`, ; �„' ; '.. •�_ "`' -' �° �cludin si m �h � , � . . � x an s �t�or ,�he comp�.etion of' 1:�ie �.mprovamcnts, exten- ' ",' '� fi�r � ,°�=:,�ti . . !:k . �;;;��;�:��:,��• s�ong �nti �dditians �o the 5y�tem provided for �n �;his nrdinanc4. , � - .., i,r • ; �; : ; M . �:;�°�-�..:~: `:�• . The CiLy s1�a�.1 �lsn Srom the Revenue Futrd depo�it; �rith th� � , ��`�:-�'-��`.;-' �_� , . ; ''r, ° �`° • ' �`<�� -�_` ��� Trus��v ai said Sinking �'�nd, in a Reserve Aceount in said Sinkin� . ,.o., ..F���. .., ::��° ; . . , � �,. - . . ' ,•r�:,�::: ;,.�',' �°�;:. � Fund, which is her�by es��b].�.shed, on �he ls� day oi e�ch mnn�h, , , . . . .. -, '.:� � = , - �'�'� "�•'' �`'`'.•�^:`' ::� bega.nnin� wi�h �he .firs� day af° t��e month� which is mar� �han �hirty ' � ��'' ."� : =:''~ =��1: ��. �i •: ':° ';� . .'. ' : �.,' ::�r"" y';�;:` �'=.�'Y' `Y;� day3 �F�er �he deiivery a�' the C�r�ific�te a . F. =',,::��P'�;��� ,, .���� �, . .::.�,,.. ��; s uthoriz�d herein, an . , ;: �, -• :: ,. '•i, , „ ''z;�5.� "t.c'..y i; , . = . �,{�, . .. ` ��;;� ��'�' `�'.i' . amoun� e u�� ta ane-tcYelfth 1 Z� o.� �wen� �:r centu� 20� of the ��; '=":':`S'' ='.��l.�,; � . � :�.�,.. . �1 � I � Y P � . � ,������Y�; � . , ', �,s: _ �:'�'. :.., ;_.,u,,�t,.�f:'�.-;�',"::;�.,f,•.�:���; . ° .�< j�:F ,!`�,;��5e.�.�:i: y �[',:��f:?;.7 �•��.'•�;F'�e;:is;:<'::Y : .,;� .:t;;��:_ -;.� �.ar�est ���rer;�. .c� }. of pri. ci��Z o� �nc� xnterest on s��id Certifi-- �S,Y_z:,•?„ w.;�._. .,.- Z U r3��uri1.� it r ':: trr' r.i.�""ri?�•.-= �"r: ._ " t � ' s', rr:�'.',', -. 1 �'����,R �'.,T`•Y; , •� •. . , °s:. . ':��. i..,h�� h'd:::''��'. :.., . . . •�, ..��., • �t ��.' . '�; i�., t .. ; . . � ������:t;,.� ' � °�.�s"� c�t�g wt�a.ch w�.].3 m��ure and b c • °:>.?.`-: "�;.':�z<�''�':��;; �::-`� : �, ,. ;'�:.,�„�:.. .�:��:, e ome due in �ny succe�din� ye�r, prova.ded, � :�. :. . ,. �- �`. .� ;�� �-•--�-�.'���,� ' :x•..,c,,,...r�. .�,, � . �.fln ,E.F� �'f,�* .,3i :1'� � �i�. r.,F ':��i•�*'�; ffF �y..�'.. 5 r��� �';�,t`,�•��:i``' .;,''.��} hotvever, t;hat no fur�her payments �1����11 be rQquir�d �o be m�de in�o �;=� ''�'�'��''�::":::;''�''`•`4..;',``' , � ` ,:I�S;'� .,':(.. ,1;- .� �°. t' ::i.��i:.;i�'r»��:•?r,,, .�:,•1':i�4:'� t ��• 't e � � �} •!-1 . �,' • 4 �'; . ,�� .�, ; • `�,�ar��if ~^-� � .�•. •"�;ri'+ A;�j': . ':r , .1;� r� �°:`..: " s�id Reserv� AcCOUnt when �here sha].1 h ve b �n '�-� � ' ��w::=�'��`.'�� `�;: ��+ .� ;. �'��,,:<, �-., ����. ���. :r;;' � a e depo�ited �her�in, and �,r: -�_;:;�.,.,�1=� � ��;�•3F; s� �;;,:w . ��,�"'� :t� �t° .:. > ' • '`r �f��Z i''� • ^��-s°' 'j�''• . .{ 4�c ` •Ff': � � :. '.�� 1:' ly 3�+.'+tY� ? 4,„ j t�.�.. .Ye::.c;. t � ; .4"li>it+c�['r�'��:�fl���'�;'�c• °+` �},'I L�S �Qn U..g t�here �J�[71� remaa.n �here ri� � ,) , � . `b��'4�5�1���,�;�:�E'�;�Y�j{uii'f'�"�-}a,�;�,`��`�� ,;:r� ,� f� , •;,f:`r�;�:...�' � �. he sum o#' $Q 0�0 t:;r...� •.ry.,i,.,: _ ,..; .. . • r� r '1F_:F v- . .•. _. . < .. . °}; : i1 . '!� , rt/ ', c'.....,., R; , . ;�.'..�� .. . � :E"'�;t�i.°��;i :44'rlf�.r I,� ��r�V�� S�ji?w'��k Yx��'i�.':;.- fi',;. . • 1 , �V:; f.iV'.`%,4'.� � �zf':�,• ;i:� "=,4'�;; ,�.r'� .;°"'• , ,,, Th�re shal�. be depasited �.n �he Reserve Account �.n said ;.,:.�-y",-i�a.`�;',a,�,��.�}�"°��-� .�," s' ' .,,r'��D�'r'r.�•,.�••'� ' f9� i�r. ��. ? �, :. �5}i.. .. . •. . ..r.� ..�,...F'3?:,':;' • �!,'. �� ' ��t74, '•'�;i.. ,j_�i�:.>, - i.!' . 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X�����::•: a. .� �ti'���� ?'�oJ`ff��'?%' � �j��.-.,�r��s�#�.:i�. ���l:,'f+y�ti�"�`.4':. F'• `!�'. ;.�.( �(�,� y! F� ii ` 1. f �r �j�l�•''F`�y �i�':�i*��;r��j ;`; �, ,i.��:i�� x] �k {°�:�.i �FVbrY''i'•L'�r;rY 'y4�'{>•..•f;.:."t�.Vj , ` .i �.a�'�Y .y'(�-:.. '} F:� _! ..pl�i��F S ��.��'ei;�..'•`;,��.1 •�•;.`'�!� �.. t.;.c `1i,. ,,� s���� + t; •�°4`� aC � �°{:��.;" l..y}'"�� � `. i �'� .f' �•. '.� (s?��,'�'.,,�✓� ��r.'�';. ; f�� '.�,,:. F.a: ,1�"Y �°��:'_,..,�_ 't ti 1j��' =4,in4�;���s;,i`,�:;;x;t�,,�=..�,;.F�.,; �,:�' = ,:. :,���... �'{e`�};:f,':�"s"�ti�'�� °,t�3<� ��� �vi ?.'�a, ;;�1; E :.l';' �:,d � �'?:i' .':F�l ; ""� x ���h�� �F• � ��' :�3:5, D'`,: !;,', .•, .' ;. i ..�':?w�e� 'r�,� '.° .,'�?e��t� b ���'�'�4 �? '.n'�i4�1:.���'t S �::�'; .�.�;�r L crH1� `n'�i�� ne�8�.�, �aii moneys then h�id by the C3,ty �n any and a].1. funds crea�ed a1d estab�ish�d under the proceeda.ngs au�horizing th� issuunce of �he ou�s��tnd�n� [V�ter R.evenl�e Certif�.ca�es, dat�d December 1, 1935, the outs�andi�lg Municip�l U�i�xty Revenu� Certif�c.a�es, Series of 191�7, d�ted Decemiaer 1, �.9t�7, and ���e outstandin� ti7unica.p�� Uti].ity R�venue Certific�t�s, �er.ies of �.q�0, dated June 1, 1950, as deb� serv�,ce reserve ftinds, �nd the pxoper officer� of �he Czty are hereby au�ho-- rizod �nd directcd to e_ffec�: such transfer. Any withdr�wals from ���e Reserve 1�ccoun� sha�l subs�quent].y be rastored frc�m the first Hevenu�s of �he Sys�em av��lable after 311 requar�d current payc�ients for �h� S�.nkin� %'und �nd Reserve Account, in- c�.ud�n���ny dafiaiencies for prior p�ytnents, have been made in fui�. , I�foneys in�the Reserve Rceount sha11 be used on�}� �'or �he purpose of �he payment of matura.n� principaZ of or in��rest� on the . .::ltr%.` n�..... . ... ,2�w . "J.�.... .n . . - . .. �g3 ;��:T,��.�4.�;:�a.�sji.".:'y��.�.�'.�� � ..�' #fZ!.'T.�1�F�� `";i�. :�}:;,' . �fw�YJ";' � 6Y',`°s'\�'SFS s�F� 7 � ��� � ;�f �:i;li� =;r:-w�s;i��e`r� _ y.,'f'.}4�:'r.'.'.;4�nc=c7t�'�r t %.i: �I;`�{,,..`+,'�.�s� f'-;q..,��" y �,'4f.�'.t.: �:si l� }7SK� }�t�F.4f!..t�'��q��:,�. 1j (J .:7 k{ . ,`1S,[�.�<, � . � , r; � t! � <� ,i�r, ., ,F k` . �i�_ .: t§�_?;' ; � .'I;'.' 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' . .. . �y.¢�° ��' �t � .. ��� � .. �����''� C�rtif3ct��es whfln thc ath�r r�oneys in tha S�.nk�.n� Fund t�rc insuft'icient � � . �'; "``=� �;� � . . . � d�� �� ' thorafor, �nd �ar no o�her purposd. � ;� ��;' , � �� . � The Gity st,t�ii no� be required to rnakc any further p�ymen�s � .�:� .. - . ! .. .� ��. .• into said Sinkin� I�'und or into the Reserve Accaunt in said Sinkin�, F . ;. ; . . �_ .. .�4'.� ;}� � �` -. Fund �rl�en the ��gre�ata amount af funds itt 'ba�h ��id Sinkin�; �`und ; . � �.' ,,. . .; �:',4�; .� .� �nd s�ici Reserva Accoun� are at, 1.er�st� equ�l t�o the �g�re�n�e principal , � • I ;'. e � ' i _ . , ar�ount of Cer.tii'�.ca�es issued pursuant ta this ordinance �hen ou�stZnd- � � . , ,. . . :�..,: .. . , . . . . .. . . . . ��: . . . F • - . . . . . . �,-� j:• ,: ��; :� ing, p1.us �h� amount af interest then due or �fiereafter to bocome due � ���' � :- . , . . �,. , - . ':,�� : ".�''�.�' , ` on sai.d Cartifa.ca�es then outstanda.n�. � �'" ; F .� .',-' . ' , ��"', '. - . � � .: :.�. . .. -�;. „ . I �' �"�, �'�.`_.�':,-, -.�� ; � (3 j There�fter Re�enues shGlZ be useri to �s�ablish and set . � .. � . i. _ , :. � � ; , � ' , ;f : : {� up a Renew�J. and Replacement I'und to be maintai.ned in �he same bank or �� .;�-:.=. .� `��� � - �:,t. i!` : , .r� ' 5" . ' -�Y'ra. , x-; 'r�� ,� ��t� '� ���, � .� , •1�. I�, �,'� .,,.; '� � trust company zn whi.ch the Revenue Fund is rr�intained, y :� '�,:.� �� ,: ��nd �he �it ,�; .>.� ;� ;; � ;;��°:;,r; . � ��;� ..�. ��° ••:,;;;:. .,:. ,. . . .� c ; �' '; � � , � . , �,; . , �.,:.. �� � ;f. . �;,.'.f.- „�' —�,,n.P.`�;�, �, �" . � �' . �� shall, pay into such fund from sai.d Fievenue �und an the ls� day of each �'"�_� ;}''��• � �•� �.1I�': `' I'' -'`:_ �� � .' .. . �' • {�..'_ ,'•r�°; ••�:''ir% . ' 'i' �` �'� "}.' w'�xi�,;•� =:,:C.. ��., ,,�,,� � ��>;�t� �:;=, month, bcginning with �he ls� day af the man�h whxch i.s more than thirty �.�;_:�. �'..:.::�';:����;;,,�..��,. � , . :. ���.. , r, . •� ;,�� N� ��- r.� =�r�� ; • � ,,:;. , I ' . �s'� ' +,1'�,' �;'_.,;., a� �•e, s•,. .t,�.�y�, ,<< '�.Y°.. c :�.`°-�� :�,-.r°� � � days aftar the � delivery af �he Certif�.ca�e., �n amount equ�l ta .five '•k;:,� =;� � , .';,:_�'�-.:,�',`, ` -e.. _�k"xr.. ;�. .. [RL9�:.F �.�Sl�� . tii:i.rl� 1;r;.�'�`^ '�S�<�:1ia , � I" ,i• < .�S �, ��'"•Y ,:�"'�:il� 4�4 • w . f..�i',� . . . 'sl.: irr. . . ,. , . . .� . r �,-y. . , `' �;.. _•, � a��. , �, � .. ITI�'�:�^"r:.�:�t.,,:(ttr,y�. •�,: „�^L � ;,'z;.�iJ�S�%�; ° �t:�., � '.i�:.�:., . ' S'3^.���' ".l•' '� ,•� ,��'•,� ��,' .b. °.t,l_�{: i ,'i_ � � -'� � �•�'�,1:.•.ir�'''"� '''� , f�`=P ,'•:�'� ��i, �.. .is".';t'". ,f `t... � i�i;�^I+r.'� 4��- . ,�i'I��:�i'.��#�i I _ - .,�J `�. ' 3 :� .!5� '•#.,�'=`.Y..S.�. 'i`' -' 1..,' `. t�s.; yF, .ir ,� r;�y: ..i�.�`: C: �1�.',�� . , #��,fe . . �� � � ' , `� :."I � `t�'.;!' i ' . . :�Tt.ts: : . '� . . " .[�' ' ' '�,; ' , .i. , "'}��;. i: . , �� j � .�•, +' ('. � . .i��" '° = l;'..i�''`. ' r;� ,.+,._ Sl:.l�: i'• •4'r . I'.,I., 1;,-'��` ?h,',.: -r;,.;�'l`6,,^"`l;. � ; M1�, : �; - -��, . : ::t��;:�:'. ->; �'.pt`" , �. .�Y�r.fr�".Yw °_ ��1�: :; : , . :,''rt`.,, :; �., � 'r+'?:;, �. '`:.' :t '�; :'i� ;,;�.,•�.:;r:. A; �;. e f :�,t.,�;�:� :. :�r- ' � `;�•,i ����� . '}'�:,:�,;�r:••.,c , .. ,. .,tl„ t'•, i. ,n!� .:�t` ; �','` '+ . ,t �: .:.� ,f�-,,;}' ; � ��;s �' "•.'`'�=`', x+��,: ' /i s �i�.;! J•�4 ���ti`�.�E�• '(��t':f� � �I�ji�: • f`. ° ��' �,s ="' ,, �..:> ;••�:.c �' 'L'�„i� I .�r�a �.!F� ��r'f Y .�,r•,��'' �; ' �. yt.l d {'.�.t�I._ �4�''i ���.' wy �i1 ,,�,'� 3�f�+�3���1`.F't�. Cr�l_ ��� ��F. . E �. YF,t:, ?�' �.1:•.., �. :r �1J; . . ��.::: �: =r. � :.'�b3,v.f.':� �.r;, r. , � �i [ . c't{,�-"%`� ,!' � :�,`; . . _ _ .. , i�;:_ . a�l�.'._. _ ,i�%r��`%�c��.�`3°`r;; •`�._- �� �; �� u �. J . : s` 4.t7 per cent �5�� of the Gross Revenues of the System caZlected ciuring tho pr�cedin� month. The funds in such Renewal and Rep3.acement �'und shaJ.l be used nn1.y for the purpose af paying the cost oi extensions, improvements or �ddi�ions to, ar �hE r�p�aeement of capi�a� assa�s a�, the Syatem, or any part �hereaf� provided, however, �hai upon the certifica�ion of � duly qual�fied and i.ndependen� en�ineer or firm oi engin��rs �hat• funds in said Ren�wa� and Rep�.acer;ient Fund are no� needed�fc�r such purpos�s, such excess funds r�ay be used in ��ny m�nner au�horized or permitted by 1aw. �n thg event that su�p�us procceds of sala of "�he Certi�ic�tas F a 'n th R a n Re ac r�en� und ursuant to the re depasi.�ed a. e enew 1 a d pl e p provisions af S�ction 3.03 (I') hereof, such depasit sha�l be credi�ed against Ghe depnsits herea.n required �a be made and the deposi�s herein requir�d to be made sha21 begin upon �he appropriate firs� day af the tnon�h succc�ed�ng the f'�.�st d�y of the month which is r�ore than thirty days fal�.owin� �he deliv�ry o£ the Certifica�es ai�cr giving effect to and crec�iL• o£ such advanc� deposit a�fiins� the deposits herei.n ret�uired to be made. , _26- _ ,, ���� s,t��., e.�; _ �.^�,_,1,• ' l�dr'^ '��:.'•=.;1' :':':1's•�:'1 ° .. � I •.5,�y r :i :�t;: ��'9�t.A �= t^�;4�. . ;_.,-.`t; ?;.,..�r'%,'f,}, �,V:r;�:;':��:: ; ;i�� ':t::�r°. �i',��jC- ; r�' •��i[• 4.1•nA �•r'�f��f��� � ��? 1 �`;�.',, ;�:,s,��Jf:,�F�+'��i� , t�A� " �� .'{':`r"�` ;�'. ` ` ' • �.., :s .;��: ,'F.V_ ..^'., 'f.l p' 1'ft;':"E�� �S �t;lf�i . 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YL'k 1 �.� s�� .t�,5�,�'i�i'7��'�; �" :l,� j �t£.����'� ��9 :+r3�.�dr��. 7"S�j > �: �'' �,;� � r�3k f� ti���'�j?�F�F`�;t`�z��3'r' i� � �1����. ��g�$�5��`..rY�-v��r � e1� _! ���� ��'�it°''� `,!':".�¢'��'�fl;�-.�s�,;� � �S�:� � �? � L .� f��f �) }; �i �'Y[�,3� �'{��' �'�."�� �'.,�F�'�'�:�,?��.,,���j'.?�"'ii. �.a�,�r �, •r�,�'�e� :, � ��,?�, ;:2 �''� ��� `„�G���' . °� �_'; �"` � ''�{.,� , !.�" r,l � � 71 �f t 7in".��a7 f`: i. ]�: ' 9� i` �. .� , ., 1 ` � ' ' � , � . �� �� , ' .�- �...F., v �.,�..rkr. 'tI �iY.� ���r ''1:a , �;���'�,'���. :d~s,'� . r �{t?�.:�i, . .1' .41, , . (�.) Ii on any mon�hl.y payrn�n� date �he Revanuos arc insuff�,- c�Erit to pl�ce �he r�quirad �moun� in �ny o£ �he Funds as l�ore�nbe.fore provided, �he doi'icienny sh��l�. t�e m�d� up in the sUbsequen� paym�nL•3 in �7ddition �a the payr�Qn�a whi.ch wauld atherw3.�� bo r�quirQd �o be m�do in�a the T�'unds on th� 9ubsoquent payment d�at�s; provided, howevcr, l.hat any de��.ciency in �he Si.nking rund �nd Res�rve Account sh�11 be made up before any i'urther p��ymQn� i.s m�ade int;o �the Renewal and Repl.ncement �'Ui2C�. + ' (5� �'hereafter, �he i�alance of any Revenues rem�ining afl;or ��� a�her required payments in�o the Funds provided above h��e been made, may b� tzsed by the Ci�y in any manner �utt�orized or permit�ed by 3.aW. �6) The Sxnking Fund and the I�eserv� Accoun� therein, the RenewaJ. and Replacerncnt Fund, and �11 ather �'unds set up and created by thi:s ordinance sha].1 const�,tttte tru5� iunds far the purposes pro- '�ided here�.n for such Funds. AlZ of ��ze moneys ort depasi� in any of such funds, incl.uding the Revenue Fund, sha11 be cantinuous].y secured i.n �he s�me manner as state and municipa�, deposits oi funds are required to be secured by �hc� latvs of �he State of %'lara.da. F�oneys in th� R�serve Acenunt and r�oneys zn �l3e Renewal and Replacer:ien� Fund may be i. nvest�d in direc� ob�i�at�ons o#' the Uni�ec� States nf �lmera.ca ar mus� atnerivise b� maintained in c�sh. I�loneys yn �;h� Revenue F''und and �h� Sink�.ng Fund (�xcep� the �eg�rve �'ccount therein) shaZ1. no� be �n�rested at any �Ca.�Ma. . (E� SALE OF Tli� SYSTEA7. Tha� the System may be sold, moa��- gt�ged, 1Ga�ed or o�herwise disposed af only �s a wi.ole ar subs�anta.al.7.y as a whole,�and an].y �f the n�t proceeds �o be realiz�d sha�l be su�'� ficient �ully ta re�ire a].1 of the Certifzc��es a.ssued pursu�nt �o t3ii� ordint�nce �nd any par�. passu �dditianal ab3i���ion5 hereaf�er issued within �he terms of Sectian 3.0l�. {K) of �]�is ordinance, and a�1 �nterQS� th�reon to the�r resp�ctive d�t•es of r�atur�ty or ear].ier r�- demp�3on date. The proceeds front such s�1.e, mortga�e, lease or ot�ier � --2']- . 1 ' d • i i• � , ,., . l 'i . (,ir�. ; i t(v3'�/ " > . , ��� � �� i , 4 € „ � , � � � .� . � ;. , • � _E ,_:,, : ., : .: � i�>. ,.:;,..,,: �:,�... �,�.'. .. ,. .,..< - = � ';,;:,'V�, ; ,`3'=;_ -��`W . t �t � � t�� '4: ���� `°ki�{t%„i,�� ��'�`� 'i.f�� "t�,vL��'Yr• ,'.5'•�::lr �� ',Mfe,l•.•:�.(_i. �'1'., �;:., ;• F �� ., '°�,es,w < ''�z"i;> �?1s�;��� �, s�.;.� ;�•C� : : `, �i,F��r* � �' � �• :�/s' �,a^v�c �.� '.4?,`• �vJ�;'' �= '�'t:X..'' . 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'.`'�' ��'°���y4:' '.}f�'�i�=�i ��. 1.,�; , SJ'i�.� - ;.�, ;a„� �.:,,�.c rE ,�:.<:�;; ����.-;, :: r���� .�,� � � . � r; � :`- �;.:��nF •'� � ��' �''�-�:;.f;��::x��.:,c';1 � ":f�tt..}�[k ,1'L��''i: : �J.:�,.ly.-��. I f.�� .a . , ��.`,P�' .T�- '.t3` i� �•y'•Y(p 3;.�t(i.,{}'�a"�jJ .'�f'e3g � ��4:1�. ,,C: ...1. �,i; '.F'.if I . ;.l•t}•.'/�f!"itsi F' f...', V.II�.yI-. ,'. '.�" `� ' .. • �, �:: .. : : '. P;t..` �,,> . a I�,a..tze.:#'!23'�e�i.�. .��i:u,e.�i ..:,'t"'3'`� ;. ;;,.s.����yw'�..^licys:�f ;�,����si►€,t,ay� I'!��'i.{„ki� r.I1',�i.f�/�Ty�:'.C�'"1"� 1 ,t4 4 ;t„t.� : �;:�� •.�'if`''('f�.'`; " ,l•rr • ,'�5, ';j�' ' 3�i''.f.'."- � il.'/���Tl�i��1;��C��JyF'��ZY'�sri� fj�r�l' i.. . _i _7'. .. ..a� ..ilS r t6�`.:�i.:'Fh .L� '�"yAyry, ' ':L,r,y:,�;"y";��1�`-s"'�'+1k}t:,, Y::" t;:`tt}1��{`�'��:;�����;t�{• EF��};�i;'��'�i I,��-.�,�.i. .,�'�_ �:G a��.�::��� s >;:�t:-. . .^t . _r:k'"r:.r�l,....5.{`�;°..I!.:r � '�.tj��'�ef��:.�1L�.���T.�,'f;��?��: ' 1 �"r x �'�, i.�. Y ,' �.i .. :•f s�,�i � i1:, i 1,.: e� f r%�t�r��i' h�. . ���, . .: � _ ..r.�.; P �, �����, �; :� r� �,��` �.'i�J�} ' t` .�,�;t.t' ';; ; ..r .f:''•f E:i�; , 'r:� ° : #, 't;'; • � }= i "v ��ak"��`n?: :; �t '`�i::� �,.P.� .c.:. � .,, _ 4E''�1fat.>1"��'����'�'`c;1�.;4rit'.'`a � �;r�:`'t� �',Y� � +� ..o�;r��',�i:: �'�Fip\�r;�z"`� : 4Y.. ap�� � Ja.:'�1. �Sr{-�,�I;R�L���y €� � , � �r';v'•}!�- iab � r � �' � 41 j / ,����� ' � ��4', T3; ' ' � , � . � , , , . . . 7 I �i oI ` ' .q ; �,.'� i d�.�pas�.t�.on of' s<aid �ys�em sha�� immoc3ia�Qly bo dc�nosi�ed �.n tho Sinlc�.r�� I'und and sha1.1 be usad only #'or �hQ purpase af pay�.n� the principal of ��nd interos� an tihc Cer�i,f�.catos i��ued pursu��nt �a �hi.s nrdirt�ancc �nd any pari passu addition�7. obli�a��.ans h�re�af�er issuQd withi.n ��he terms of Sectii.on. 3.01� (K) of t�iis orc33nance, as the r�amo shall bccom� due, or the redem�t�.att af c��.].ab].e Cartii'i.ca�ea or �he purchase o�' Cer�ific���s :�t' a price not �reai;or than �he r�der�ption price �hereaf. Ti�e faregoing provision n��witnst��nc�ing, �the Ci�y 3ha1� have and herehy reserves the ri�ht.to s�ii, Zea�� or a�h�r��ia.se disp�se of any of the property compr�sin� a p�r� af �he Syst��n hereaf�er deter- �tined in the m��nner pravided herezn to be no longer nec�ssary, u�efu]. or profitable in the og�;ra�3.dn .thereof'. Prior t� any such sa1e, lease or o�her di�pa��tion of said praperty, if the ar�ount to he received ther�for is not in GXC�59 oi ti�25,000, �he duly �u�hori.zed off�cer in charge o£ the Sys�em sha�1 make a�znd�ng in wri�ing d���r- mini.n� tha� such prop�rty compris�n� a part o#' th� System is no �.onger necessary, us�ful or profi�able in tf�e operation therea.f, and such pro- ceeds sha�l be d�posit�d in the Renewa� and Rep�acement I�'und und used only as prov�.ded herein for such fund. If �he amot�nt ta be received f rom such sa�e, �.ease ar other disposi�ian oi s�id prop�r�y sha11. tae in exce9s of �2�,Of}0 bu� not in �xcess af �75,Q0�, the duly authorized of�'icer a.n charge of �he System sha1.1 �irs� make a finding in ��riting de��rmin�ng �hat such proper�y camprising a par� af the System is no longer necessary, useful or profitab�e in the apera�i.on ther�of, �nd the governin�; body af' said City �ha�1, hy resoZut3.on du3.y adap�ed, approve and coneur in the finding o.f sueh du].y au�horized officer, and author�ze such sa�e, lease or o�h�r dzsposition oi said proper�y. The pr�c,ceds d�r��r�d from any such sal�, le�ase or other disposa.ta.on a� said property, �.n excess af ;�25,0�0 �nd not in excess o�' �'75,�00 shall b� placed in the'Sinking rund provided �'or in this ard�,nance, and sha11 be�used on�.y for the r�demp�ion o�' Certificates of the �.a�� ma�uri�ies l' � �' � - : �� � :i,:e � . �y. , . c.a�:i�.`": _ _ �".� i �� -.; . � . �� � �IC' 9 � �� �2$- ' . 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F! .'7�,I :tf �`e !,•d�f6 ` itt,�,i=kYfa\ `ir' Ii[Ryl.,:�,: ..�:'. ',�E•.jYi�y'•{�/: , :}'p-� �S- 1 '� ',, _' � 'j � „�', � ;�.rt *�',Y'si 3� �. .i' }. � �i:_tJ.- ^: .''1`'t,�: L-' 4:` ` •�� , ti' `, :. �j: _ � ie t j R � � � ` f� ` kt .�. r � : �`. .s,�,�� �.k�; '�f�.r.tr ' �jf �':. i�,' t�i'`' ,�j,i;'..^� ;t:�;r`:� ��' ';�.;"'t;-'': A5�}.�-r�ti.. .j I , .4<i-}.;''.. � ' ° '' " '• ' ti.%��fi�;�` ��"r 7 iTi i r.; �ti� :. 3 ,��3'�y,•� IV� ��1� • " .S' :I�i. .{. . � ;.,j'� ,-'.r;�ir, +rj� 't5,;;;: �: )� . �'i� �'F�NI, �'1'� `./,.11�`�r �.:tl,'! ��:4'•• i ,{, +ti•��, t�`�..''i;�. ,.i1. �i� �}::j. �°t .'i�,�j' ';?;1�'�;'i;f'�:'r�:'�r: � , ''�;1. .l, _'.�;: 'q'��;.i °: r•:'i',`F's '���; F��rql+ta' „s7'i's;�.y�tti�,;�`r'`!a�!'ci€f:�'. .�.;,�JY:}��'f:��•.����1�,:'�x`�''f� �'!.'`,'��:f `� t K'1'.!:"� Sh;.1����y�i: "�'' r, i��' 3�-t, •_l re�'��... : •''1� .. . � � :'�.:�.na:' : ": �.k:..�`f�:� f �.. K� �+' +t�-i�'��4y:Yi";!: �' Ad..i�S�F���'l` t�.• ]... J.f,n.�L. ' ' �:'J6� .e7 �F,�*.��.j. , �.�, ,:..'.4,r�".�f;��F�. . �.. , `�., 'Ci,' "�E��.l�';'$�'s'i .t_s. :�a�y'i ��. ,'.�! }'7�i;2�i 3'y!'ii..: .I ,.�':��s��. �"i'7����.�.�:�:: ; :a95����:y:�;�w:-�� y..;, : ,.,Y 3 ��":* z, t �,�, .'j• ...�.�!f�Pyl:_Y ..��•ri._P � rl tl�en out�t;�and3.n� which are callable pr�.or to r����:�.?ri�y, or !'or �he purcha�e ot' a�id callab].e Certif:i.cat�s o£ the I�sti ma�ur�.�ics �hen outs'�.�ndin� at a pr�ce na�: �reat�r than t�ie then r�ec�r�mption pric�' thereof, or, �.i no ca1.1�b3.e Cer�i.�'i.c.xt�e� ��re thon auts�and�n�, far Lh� pUrch�t�o of last r�a�urin� non-c�1Z�b�e Cer��.fica�a� at ttic �hen marIco� pr�.co. 5uch payment o.f suc1� proceeds into the 5inkin� I't�nd or tho Renewa� and Replacemen� F'und sha11 not r�d�.tc� the amaunts requir�d �o bc paid inta said Funds by ai:her provisions of t��is ordinance. . , . Na sa�.c, xeasc or a�hcr dispasition of �he properties of the Sys�em sha�.2 b� mad� by tne Ci,ty if the Praceeds to be derived iherc- fram s1�a3.Z be in excess of ;?']5,000 �nd insuificient �o p�y all v.f �he pr�i.ncxpal of the Certiificates -�hen auts�andin� and al,� interest th�reon `�o �heir r�s�ec�ive dates af m�tur�,y, wi�hout �he prior appraval and consent in writi.n� of the t3o].dc;xs or their duly authar�.zed r�present�-� '�ives of szatty-six �and two-�hxrds per cen�um (66 2/3�} in amount af Cert�.fiatt�es then ou�s�an�in�. The City shall prc�p�re tYtc forn o#' 5a�h 3pprUVa1 alzd con3ent for execution by C�rt�.�'ic�tehol.ders, or �heir duly authar�.zec� re�resent�tives, which forr� sh�l]. provide far the dis- pos�.iion of th� proce�ds of the s�tle, l�use or o�iler disposi.�ion of s�.�ch proper�i.es of said Sys�,�m� , � ( F� ZSSUl�t�CE OF �TH�R �A]'��G�'��OA1S PAY�'IBLE OEI� OF ftEVE€�iUFS, 7'��a� the City �,�ill nat issue any oth�r obl.ig�tions, �xcapt upon the condi�ions �:nd in the manner pi•ovided hervin, payt b�.c fran �he RB�IG'I3t1C8 der3.veci �'rom the oper,�ti.an of s� id 5fstem, nar voit�nt3r�.iy cre�tQ or cause �;o be c•rea�ed �any debt, l.�.en, p�.edge, assi.�nr:�eni:, ancumbrancQ or any o�her char�e hav�.n� pra.ority �a or bei.n� on �� parity 1a�.�h �he lien �. � af t�e Cei•��fxca��s �.ssu�d pursuant �o this ordinanc� znd the �.n�erest tk�ereon, upan any oi the Rcvenues o£ said Sys��m. „ny o�}:er obliga�ions issued by' the City in addi��.on to ti:c Certi�ic�tes auihori�ec� by �1�is ord�'nance or :3dditiana�. Cer�3.fica�es pro�►ided for in Section 3.01� (K), sha�I can�ain��n expres� st��eMen� �h�a� such ob�.ig�tions are juniar and �� � subordi.na�Gc in a�.l respects �n �he Certifica�,es issued pursuant �o th�s �"� g r�� . . . - r.,..,.,.., . . �. . „ ... ¢ , .,�. ..,.. . ,. �'� m � f � ' '� . :. � 1! � ' ,t � • .��., .. • t�:.4 �:f:�}:. ��-s�,11'�F-!(r' ,11: ,�.: •"f� �f��.a.. ^�y+�^ f.. .� t y�'.kt�.�h't ,. ;t.l'.'�: �, .�; ': '. �`''�ts, . �� ,� . ' ':t�:��'i,'�'�i� . �., �.C;�' t,, , �r: ';;3; �' � ' r-'�w.�i�i^� S i�`"�••'�y�i"''..` :`: �' �.i -�:,.J.. � �ii ,i'. 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T�rat the Ci,�y w�.].l carry s�YCh in�urance a� is orclinaril.y carr�.ed by pri.va�a corporati.on� ownin�; and operating 3imil�tr u�atlitios as Lha Systom w�th a reput3bla inaur��nce carric�r ar carr�.ers, �.nc3.udin� �.ir�bility in�ura:ice, and ins�ranc� ���ainsC �.os� or damag� by fire, cxplosian, hurric�ne, e�r�hquak�, cyclone, occupancy or other hazards and r�.sks, and s��.d property lass ar dam-- ago �.nsurance sh�].� at a�.l �ir�es be in �n r�mount or amount� equal to ��he f�ir apprais�l value of the buildin�s, propert3es, furni�ure, fa;x- tures and eyuipment of said Sys�em. �n the time of war, the C��y sha1Z a�.so carry in sa�.d amo�znt such insurance as may be avai3.able on reasori-- ab].e �erms a�ai.nst ].oss or dama�;e by the rislcs and hazards af war. { H) BOOI{S AA1D RECflR�S. •. That �he C�.tiy tva.].1 keep books and r�cords of th� Sys��m, w}iich sha13. be separate anc� apar� fror� a11 o�hflx� •boolcs, records and accaur�ts of the City, in wha.ch comp].ete and c arreGt eni:ries sha11 he made in accordance �,�it�h stanciard pra.nca.p�.es of accounting o.� a1.I. transactions relatin� ta the Sys�em, and any holder of a Certffica�e nr Certificates 3.ssued pursu�n� to this ordin�nce shall have the rzght a� a�.�, reasonable times to i.nspecL' the Sys��m, and al�. parts thereof, and a11 recards, accounts anci da�a of the C�.ty rel.ating th�reto, The City sha13., at 3.�as� once a year, cattse �he ba�ks, re- cords an� accoun�s oi' the Sys�Em to be properly aud�tefl by a competen� �ud�tor: or accoun�ant af recogni.zed s�andi.ng and 9ha�.1 ma�l upon , reqtzes�;, and m�ke av�ilable, fi,he report of said auditor or accountant , �� a11 reasonab�.e tames �o �ny hol.der or hol.dcrs �f Certiiicates �.s- sued� �urst±ant �o tha.s orda.nance, �ny taxpayer or ca.tizen af sa�d City, < < or any pei`5D1'1 rece:Lv�n� serviccs from the System, or anyone act�.ng for anc� in behalf of such taxpayer, citi.zen or Cexti_iica�ehold�r or Cer�ifica�eho3.ders . r AOr � � � � ��� ��' } 1 ; k " 1 � i � � '� � � . • : . ... ... . .. . ... .. ,, , . , � ,, jt; .. , ' '1.i . . :'`�. �, ` i�F; ,:�% s i..��t:. �. . ..{�'�' 1;�0 �,€ ' i�;'.I,A . 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S� ;F i'' i' f),'.?y�.;� �� � ` �'� f�1 ' �t�.,�a:`_.,� i�^` : �,y ri ,?��� `i.� �?';lf� `Dr s •,�'c `�• -`�, �� '� ,�4>{�ji�: � � . � 'lt�.' . , -� . �.:r ��r�:•k ��ti ' `•.t'• 4� .,jF'-','�ti.�`'i t.. .�� � i :`., , `�i�. ��,��:',� _. �;tt..° �;..t;��}N•.'i � �',.�: �.1. ��, ,��. ; ,.!€'��r� „nt��eli :_(j�; ,' r � .: � i • . [,; p i?'• `l. "t� �: ���,: •�= ` �*•-tk�a J., �..' . . ,�_..�IA';lf� f.`�>4�: :}a�."r�I.o:. ",- • 4 , . �. i , +' � r� °�i.�:��, � �� w^:i Fromp�l.y af�er th� rocei.p� af eaCh s�xah audit repor�, a coriy �her�a.� �ha�.l be m4��.�.ed by th� Ci.�y to �ny C�rti.fa.ca�eha�.d�r tvho �ha11 havo filed his �ddresU wi.�h tho City and requ�sted in writ�ri� tha� a copy of �uch r�por�s be furn�shec} him. � ( x y r�xtum����vc� ar sYS�����t. That t,l�c ��ty wi.I]. Go►�p�.�t� th� i.mprpvement�s, �ddit�,ons and extensians tn tho Sy�tem provi.ded tor in �his ord�.nance in an ecanamical and eificient manner w�th �ZI prac�icaE�J.Q d�spatch, and theroa�'ter wi�.I m��,ntain s�id Sy��ertt fn good cond�t�.nn and continuaUS3.y operate the s�me �.n an affzcien� manner ant� a� a reasonab�e cost. ( J j S�FiVZC�S R�NDE.��D APlD COI,LECT�ON QF CHARGES. Tha� the Ci�y w�1J, n�t render or c�use ta he rendered any �re� services of any na�ure by the �ys�em, nor wi11. any preferen�ial rates b� estabJ,ished f'or users af the sam� class� 7nd in the �v�n� �he Ci�y of C1.e�rwater, or arty d.epartm�nt, agency, instrumen�ality, off:icer or employee �here� of, �h�1�. avai�. itself n#' i:h� Tacil�.t�ies ar services provi.ded by �he System, or any part therEOf, the same rates, �'e�s or charges app1�.cab�� �o othor customers receiving 1.ike s�rvices under simx�.ar cir.cumstances �ha11, be char�ed �he �i�y and any such d�p�rtm�nt, ageney, �.ns�rument�iity: offiaer or �mployee. Such char�es sha1.I h� paid a� they acerue, and �he C�.ty sha].]. trans�'er .from i.�s ��neral i'unds sufficien� st�ms �o , pay such ch�rges. The muneys sa received sha�.l be deemed to be Revenu�s deri.vec� fram the opera�tion of �he Sys�em, �nr� shall be dPposited and accvunfi�ed for in �he same manner as other Revenue derived from such operation of �the System. {K) TSS[iANCE 0�' PAR� PASSU ADD�TIONAi, CER�TF�CR'�ES, That no pari. pass�t addi.tiona3. Cer�ificates, as in this subs�c�ion defined, payable par3. passu with Certzfica�es issu�d pursuant �a �hxs ord�n�nce a ut a�' tf�e Revenue �'�und, 9haI1 be issued a�'ter th� a.ssuance of any Cert�,fica�os pursuant to this ord�.nance, except u�on th� condi�xons a nd i.n i�he manner herein pravided. i, i ♦ _ � '� ' ' 1 .� . . "wA. ' * F",e f: .,,:.,.,»;,f... .. � F.. . �. r��r � 'ry `� r / • ,-..... : - , ... ,. ,. � - ° .s.., . . . y' . �. ,�; �• . . . i. ! � , . �, . . i .5 , ,� r i . „ { ; � �, ' k i ,1• .,_ � • , .;�;: ;. .. �� � , :.=;;. 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S unle3s tha aver��e �nnual Net i�evenue� of �he �yst�m.dur�n� the preced- in� two �2) years �hall h�ve bQ�n no� less than on� hundred fi„fty per c entum (150f j oT the 3.ar�esti amount of pr�.nc3.p�1 and 3n�crest which will become due in any year �herca.ftcr on� (1) the Certificates th�retofare i.9sued purauan� to �h�.s ordinance, includin� any pari passu Certificates there�o.fore issued, �hen outstanding, (2) the pari p�ssu addi�ional �er�ificates propos�d to be issued, and (3) any o�her cb7.ig�ti.ons payabT.e from �he Revenuea of the Sys�em. T'or the pur�ose 0�' ��'17.g sub�ection 3,0l� (K) �he phras� {'Cert:�ficat�s there�n.fore issued purs�ant to tha.s ordinance'� sha3.1 be d��med ta incZude the w1., �a0, 000 Certific��es ori�inaily autho- rxzed to be issued pursuan� to t�his ordinance, and a1so any addi�iona1 pari passu Cer�ificates there�oiare issued under the conditions and xn the manner provided in thi,s subsection 3.0�. (K�. The term ��pari passu addita.onal C�rtifi��tes�' as used in t his subsect�.on sha11. b� deemed to mean additional obli.�a�ions �videnced by C�rta.#'icat�s i.ssued under the provisians and within the lirnita�ions o�.' this subsection payable irom the Revenue Fund pari passu w�th Cer�ificates or�.ga.na].ly ��thorized �nd issu�d pursuant �o this ord3�-- nance. Such Certifica�es sha�]. be deemEd to have been issued pursuant � o this axdinance the same as the C�:rtificat�es arigianally author�.zed and �.ssu�d pursuant to this ordinance, and a3.1 of �he coven�nts and rather provisi.ons af this vrdinance [�xcep� as �to detntls of such CQrti£icates evidencing such pari p�ssu addit�ana�, obli�ations �.ncon- �istent �h�rewith�, shall be far �he equal b�nefit, pra�ect�.on and aecurity of �hc ho�ders af any C�r�ificates origin�3.�y au�horizec� and issu�d pursuant �o �his ordinanc� and holders of any Certiiic��es evid�ncinB addz.t�.onal obliga�ions subseqtzen�ly issued wi�hin the 3.im�.tatx�ns of and �.n compliance with this subsection. A11. of such GertificatES, regard�.ess of the time or times of �heir issuance, shall rank equa�.l.y with respect• to their lien on �he Revenues ai the Sys�em 1 ., _ -3 �- �� .��j 7 I r' �. .:e. �-:. .;i:' ,'t .`.5: . � ;,I.... �';���:>s �.;. �:� f:�:: `}3��:~� ° �r�iat?�.�r, .»s' , i �..��•��i:�:s�;,?•�,`.:� .;�' � . 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P�ssu Cert�.fica�cs'� �� u�t�d �.n �hi�, subsec�ion sh���. na�, be deemed to includ� bands, notes, cert`�..�i� cates or at�er obli���ions sub�equentZy a.ssued, tho �i�n of w�lich on th� Revenu�s of �h� System a.s aub3ec� to �he pr�.ar and superia�� ].a.en on s�.tch Revenues o.f Certii�.cates isstied pursuar�� ta this ordinance and �h� C3ty s�ia1Z not �.ssue any ob7.a���t:Eons wh��sa�ver payab�.e frpm the Revenu�s of �n� sys�em wnicn rank equaZly as t;o �.i�n on and source and s�cz�r.�.�y for p�ym�n� iram such Revenues wi�h Ger�ificat�s issued pursuan� ta this ordinance ex��pt in �h� m3nner and under the canditiQns pra�ided in �his subsecti.on. Na addi�ianal pa�i passu C�r�ificates, �s in this subs�ction defined, shall be issued at any time, hoc•rever, un�.es3 �11 0� the pay� ments i.nto '�h� re�pect.ive �'unds provided for in �his ardinunc� on � Certi.ficates fi.hen ou�st�;ndin�, and aI.1 o�her reser v� or s�.��:c�.;.b f'�.:n4s, .. ar o�h�r paymenta �rovi.dc:d ior in this orr.tinancE �ha�.� h���e be�n mad� '. in Tull to �h� date of issuaiice o£ said par3. pas�u add.;.ta.nna�. Ccr���f�- cates and �he City sha7.1. have fu?iy com�3.i�d �,i'�h �3�.� �:1:� ca�r��an�,s, �j7i� t.�''47s�f��`3=��J:p..�.:�;..��.:.�T��et�,'.7:� . ���� =i r %•;, ,, �;f�, f ;: � �'•;!Zi 1��5 s,*:h:Yk � t� � �e.." , �^ }' �se..k`�"i �'�!1 lul �,• ;'�� � � �e'+;;,��!�.:`.33r .���y=°�i.i., ,, ;,;��� +-t� �,li,�•'AM�4L�l=yhl.��i��'.�1'!N�f '�)i��ty�2S � {r'�..yt L� .�� ;SI,i�;r.�'! t`�►4�:,;, ,-,s.;�:i ;:,, ; �.�t; : ''�'a`-�'�+�1% ,?F r.�+r � .R},`��1.a',�.,;•3 , }��i'�'i ? 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F'._: . �' iv �' f,(' }'.. a: y �t..,.�.�...,' M «�f�4.� .f.: 'i:7��li.:i'�`3ri?,'�z9y'3.`w,r':,�-. �-f''i' •,1�� '''�'�''!'ir,'L.: t " �,r`!a�s�i 4'�3.�i:'s�}jt:.��, qir" ,'��`�r1:;�",�' �••;��i1��'f��''.t�`� e�{•�t�j•� r' 'e'-F v'<S.:",�`�'F = k`•fl:�;b�i s �:i . � �i':if��I€u�'; ;'t �`r� .� i`.t:��` ��`rl��f�,S;s.:.. _.,�:±7ii!�+..��: �U'.,..•�i��i:.'.:'�t ._. �a� � �.:�' ;;;:; vti �'a; � �s �� �';�'�1.:_i�;° S� t; �,i' -, ;��,; .'4.�,yu;ii:.:� ":S;,,y�1�,'f; `�, ix:,'r".'�s'., :. .Y��:�:t:�rl_>.�c'.,,'�'i: , ` , , , • � Y � i � ��1 � � • 2�� � � th�reof, and in the n�me of �he City sh�1�. oxercise ,a1�. the r��;fits nnd powers of �he City wa.th respect to th� Sy3�em �s tihe Cii,y �.�se1.f mi�h� do. Such receiver sha1�. collec� and r�ceive �al�. �.evenues �nd m��.n�airi and oper�te the �ystem in �he manner prov�.ded in �his ord�n�nce, mnd comply under t�he ,7urisd�c�ion oi �he cour� appointin� such receiver, wi�h a11 o.f �he" pro�isions of �his orda.nance. Wh�never a�.�. that xs due upon Cer�i.fica�es is�ued pursuan� t�a this ordinance, and interes� th�reon, and und�r any covenants o� �his ardinanc� for reserv�, sinking or o�her funds, and �.p�n �ny ather obl�.gations and i.nt�rest ther�on h�ving a charge, lien or en-- cumlorance upon the R�venues ai th� �ys�em, shall ha�e been pazd and made �ood, and a�.l d�fau�.�s und�r �he provisians of this ordinance �ha].� have been cured and made �nad, possession of the 5ys��m sha�� bE surrendered to �he �ity upon the en�ry of an order of �he �our� to tha� effec�. Upnn any suhsequent de�'ault, any ho�.der of Gert�.,f�.ca�es issued pursuan� to this ordinanc�, or any �r�±stee appoi.nted for Certi-- ficateholders as hereinaiter prova.ded, sha�.1 have the righ� �o secure � h� �ur�,her appoin�ment of a receiver �pon any such subsequent default. Such rece�v�r sha3.1 in the performance of the pawers herezn- above conferrer� upon him be under the direc�ion and superv�.sion of the cour� makin� st�ch �tppozn�men�, sha11 a� a11 tzme� be subject to the orders and decrees af such cour� ��n� may be removed t�hex�eby and a successor receiver appoin��:d in �he discre�:�.on of sucli Cour�. No�hin� her�in con�a�.ned sha11 1.im�.t or restrzct the jurisdiction of such court to enter �uch oth�r and further arders and decrees �s such courC may deE�a necess�nry or �ppropri.�te for the exerca.se by �he receiver o�' �ny �'unc�ion no� speci.iica�.�.y set farth her�in, `'i":::s°°yc'�� •�-:. r �.':�yf'�;!� i��'t:.!.�: �:L�:� gf�k. �ds ,���. _�,.•a; ri{=•:,�;:i:,�. Any r�ce�.ver appointed as provided herein sha�.1. hald and �.'. . �..F.�,"�q��a ���,�,frl�iy i; 'r��o:a�M��.. ` � t.�.�''��:i.".'I`•�+ /���'��:�')'��s35�1�,��;���� �;�',�i��f. ' ' Ei� -lS.Qr:�1���`F4:,a±�<ztAi��:.'-,�e !�`�� � ,�,r,�,_ ,..V,j� f;;x�:,�t. opPra�e the System �.n �he n�me of �he City and �or the join� protec�ion • i r;;i'�ibt'i�:p.4,��rr.�,�';�+ �` a��}�q. {: ..�5.{i�)N� r�� �Ks1y i: r �f� y:��{:,�.i; a ' i:}.-�,,��'��'L�,�4��;�����Ef,,.,,;;��_�. and ben�fi� of �he Ci.�y and halders of Certi.£a.ca�es �.ssu�d pursuant ���i��;� .t u�' � .� �,�.���'��';.",'ta:�:� ,<� z„ � . . �'�t'� ���a�`�����'�'���#�' to th�s ardinance. Such rece�.ver sha].�. }iave no ower to sell � s.�i n ';� ��'��'��?��,,.t`w.;>i•.�'�:' p , " � � z�ort�r�ge or otherwi�e d�.spase o� any aasets af any kind or character .. � �j _ . . ..r . .. „x > r�r:.,i � .. � ,... .. . . . . . .. . , . . . � . . . . . . . � ` . , rr.. . . . . � ur'E. ~r . . �j .,t� �.��I• .•�fr -• ••.5.�"J.E.� 1'y.`�J, �. .,* ��'? "r��' r� w.�; m:�+^�sy''�"�i. .�, '�;�, .�. :_; ,�s�. ..�,��. YY�•?r: :Yt�j "k. . ^.�{�.+ . �. ` . 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IfFF'r:.�.ir`: ���r'(�:1lii .r�t�?i:.;k�.'��':;,.f ��� •��r.4�.�I�;: k9F�• '��R:l.Y��,���y�����.��1, � '.S•��i.�::�r",r`,hp�'�^�,•f„i��`�I��F.i'-s:}�� '.�i , -, tl?w :. �: w:�'! � i �;,��'at,j�;;��t;� .{.�t<i��j.r•is<_. �'�`.. .�`K��iiii':`��itit���.'�"j.��t ••� �; a� 4�;� ��' �.4!� v'��`t".« :rS f!;'� {;G.``�f ;� �i:. �:y �� . ,�j�:.i� �.}�';:��f^�i ,' �., `.. � .�� r' °��_�t,:•����� ::•. ,��'`��st;, j�`��: .i_;1'��Y'�;�"'�� �'S� fr`.i��.�:�r�F�.',t.-,.�y11. ��r:�'t,'4'.�Y;"t��.,{c,�!....,H : 9,: _9;s�f. _�..:f,n,t.,�?�Jt��ij�.ti.^?�.Fiiti d'�.'�.':__._. ,�. �; �'. n ' � 1 � � `'`vfrb .e � ' "�yf.l�' � � �,.; ;1�''; '!��`il ?;z�.' _• t�. `3 ' i; :rf,, , �i:': \ .S�^q`; . ,. � � _ ' belangin� or p�rt�inin� to gLtC}1 utxli�y propar�iQS, except as prov�ded 3.n Sec�ion 3.01� (�j her�oF� but �he authori�y oF, Buch rece�.v�r shall b� ].imited to �he pa�ses�ian, opara�ion and maintenancc of �he System 3n the name of tho C�.t;y �'or �he joint ber.e�`it of th� Ci�y and said �erti£ica�eho�.ders. � Th� ho3.der or halder9 of Cer�iFicat�s in an aggreg��e prin- c�.pa]. amoun� of no� ].ess than tw�n�y-f�ve p�r c�ntu�n t2��) o.f Cer�i� fic��es i,ssu�d under �his ord�.nance then outs��nd�ng may by a duly executed cer�ificate in wri�in� appoint a trustee �'or hnld�:rs of C�rta.ficates issued pursu�nt ta this ordinance caith authnr�ty to represen� such Cert�fica�eho3.ders in any 1.eg�1 prac�edin�s �or �he enforc�ment and prot�ction of �he x�i�h�s ai such Cer�ificatehoZders. Such cer�ificate shall. be executed by such Certi�zcatehalders or their duly authoxi.zed attorney Qz� represen�atives, and sha�]. �e fx�.ed in the of��.ce a.� the Gity �'�uditar and Clerk. (M� �KF'pRC�T�i�1VT OI' COLL�CT�pNS. That the Ci�y wi13. d9.ligently enforce and ca.11ect a11 fes�, rQn�al.s or other charges for the serva.ces and facilities af the System and take alZ steps, ac�ions and proceed- a.ngs for the en�'orcement anQ co��.ection af suah fees, renta2s or ather charges which sha1.3. bECOm� del.a.nquent to �he fu11 ex��nt permi�ted or authorized by �hs Act and by the �a�vs o�' �;he S�a�e of Florid�. xha� the City wi.�]., under reasonab,le rules and regulations, shut off and c�isco�ntznue �he supplying af �he wa�er s�:r�ice �nd the sewer service of the �ystem for the nan-payment of fees, r�r��Ga1.s ar a�her charges for said wa�er s�rvice or said sewer ser�ice, or either of.them, and wzl� nat r�store said wa�er service or sewer serv�.ce, or �i�hez� of' them, unti� a11 delinqt�ent charges for both w�ter servi.ce ` and sew�r service, toge�h�r with in��res� and reasanable p�nal�ies, h�tve been pai.d in fu1.l. f �. �i�c�. � � � _3 �_ ,+ . �� � ,s .. , E �� � . i S ' f .. i. , � . . . • . . ., � � . . `r < L: F. `F 2.• �' , "l:.; �T�` ,ap'; i�,: •�l;; �`-r ;`$��'rf�,' .:;', �aY[.,.3"„ NY�Iyt 4�'�,�� �i's. .'.,''6 :F�.; `�:} `� ;;' _.�� i.';�'',�i;,,<`�,;, j; '. . 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'�IOD7�'TCA'�'�0� QR :►�'[i�A�D?�NT. t�o mn�er�.��I madi�i.c��ion or �mendmen� af t•hi� ardinance or o.f �ny ord�.n�nce ar reso�.ut3,Qr► �menda- Lary theroof or supp],�r�ent���. 1;Fter�to, m�y be made tvi#�hau� �t�e eonsen� in writ:in� of th�; holc�ers of two-�hxrds or more in pr�,nr,�.pa1 amount o� f, . . . tYie Certi.i'3cate� �ii�n outs�andin�, provic��d, tzozaev�r, th��L• no modifa.ca-- �:ion sn�ii ��r��� � change in �h� r.ta�uri'L'y ai ,uch Cer�ificatea or a reduction in the ra�e of' �.n�erest L•hercan, or �.n the amount, o.f the pr�.ncipal ab1i��;�ion or afiec�a.ng the ttnconclit�.onr�i promzse of tn� G�ty �o .�ix, main�a�n and co��.ect fee�, rer��;�ls and at,hcri ch�rg�3 iar �he wa�er gerv�ce and sewer sex'viee of �he SysL�m suifa.ca.�n� to pay the pr�naip��. o.£ and in�erest on ti�e Cer�iii.cate5, �s t�ie s��r.e shalZ become c�ue, frant L•r.e �eren�es of �he System, or reduce such percentage oi ho��ers of �uch Certificat•es required above far such modific�ta.ons ar amc�ncim�n�s, iaa.t�houi: �he consent of the haldcrs o� such Certific��es. -. �. oz. ���n�sr�� o� �xzs�zr�r� �unF�s. M�.3, money� Qf t�� c;.�Y c�er�.ved �'ram the opEration o,� its u�a.li�y proper�ie9 supplyYng ��rater �nd ��vier s�rvices and he�d an �GI�e a��t� of deliv�ry ai �h� C�r�if'i,ca�es au�l�oriz�d �:o be issued h�rei�nder, no� o�herw�se requ�.red to be app�z�d or d3sb�rsed purs�an� �o the pro��a�sians of �his orda.n�nce, s��11. be depv�a.t�;d �.rZ �he Rsvenue Fund e5�ablished purstian� �o Sectxor� 3.0l� �Hi 13ereof. ;'� ^�� ;r; �.. 4•.03. S�V�RI�BTL�T� OF �P3Vls�ID PftOV�STOA'. �f any one or moxe ��:y.y �� • ,; t:�� , ai �he coven,�n�s, a�reemc:nts or provi�ivns of tl�is ordi�narice should be :�`�� }��ir�1��°�`��;�'<� he�.d cor��rary 'ta any ex}�ress prat��.sa.on of' �.,at•� ar cantr�ry �o the policy �;;9 u:;F;:�;� yr,v:,5��,��: •�.3.,1�;}A�,.1�4 , . . Yl r �=; �.a� : �• ¢'a �•;�� .�'�3';w�' ��,aw t�hou h no� ex re s� roh�.bited ' or � ain�C ubl.xc �_;:Z�i,��.�_,� of ex�res.� . , g P � Y P � g .P ->���,:�'"��;:'� �j�� ���,` . . :s..,:;;� .�;.,,.�,�.;:.� � � po�.icy, ox ��ial1 for a:ny re��on wh��soev�r be he1c1 itivala.d, then sucY� .�i, F` " :"i�/I �{��j:,!('yf�'�d' � �' ;' � . ,�'.i�s�l,s :,:��� t�'�';� , .,:,,.,,,._,-,v,,.;,;fi,�,,, caven�n�;s, �gr�ement�s, or provisions si1�Z1 be nu��. and t•aicl a�nci sha3.], i'f +'°s.in� . 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A,�,�.f` ; F�`1i�.z.�!.. ��.�;��• '��R^ 4y' .:: ,� �;�:, �� ,,>� ,� �; .' �� f-'}y Fy a,{��,'£�; f 'r� .�;{'�° st �.:'� ` �t�4�' � f: � ry'�. :4 ri��:�;�j','�� • i..� ;t�::t3 ,� 3 f ;i�� ;.`+,;.).: :. ,.`=�. -� ;��s ,c �,;:,�r,•� �:;, a, t. . _ r � �'��;t: .: ; �r.! °'a:r'�� ; ¢ z ;... 4�-�� -. '-;; ,�� ( 'vl�":,t i£... X':ir.• ,}�'j.°��;. k��E.� � �l`r„j��i" �'��� (?: y;j4,= Srit1�. i 4 ii..:'�v �'i �' �, l' #tv',•�. 't .F'�,::�����f :�� 2' �.: .��; ,YY3T'� 1 ..�. .;;;..;;: . . ��y ii:i: %f..�+j :S7;,Y4 ��.� �J ... .2'S��`t'!�`-�a�.ti: ����� t":�?.:'�y • ♦ �a � if.ti�x l�.p�.. VALZDAT�ON AUTHORIZED. '�h��. pur�u��nt �o Ch�ptor 75, �'lorida St��tutes, tha Ci�y �tt,�orney of th� C��:y a�£ C1,ea�r�ter, be and he 3s horeby �u�hor�.zsd �nd di,rectod ��o prepare and ins�i�t��e proceQdin�s in �he Circuit Caurt of �he Six�h Judic�aJ. C�rcu�t', in and i'ar P�.neZl.as County, �lorida, ta val�.date and aonfirm the issuance oi' the Certi�ic��a� �utha- rixed by this ordinance and aZl procQedin�s �nd �c�ions L•aken ro3.a�i.n� ��'1GY'@�0, . 1�.Q5. �F'F�CTIV� D1tTE. Tt; is ��r�by Fbilnei, dec�.ared anc� de�er� mined �ha� �h� £unds to pay thc cost oi the cons�ructian oi' �he add3.t�.ons, extens�.ons and �.mprovements ta th� System au�horized herein are nece�sary �nd urgentxy neec�ed for �h� preserva�3on of �he he��.th, saFety and we�.- f�re of �he inh�abi�anis of the Ci�y af C�.carwater� that an emergency is hereby dec3,ca�ed and tha� �his ard3.nance sha1�. be i.n �u11, force and effec� a.mm�c�iately upon i�s passage as pravided by 1aw. l�.06. That a11, ordinanc�s ancl reso�ut�.ons of �he City Commi.s- si�n o�' the Ci�y o.� Ci�arwa�er, or parts thereof in confZic� with the prov'isions o£ this Ordinance are to the extent af such conflict hereby supe.rseded and repeaZed. � (cx�r s��L) ,� � PASSED 4N F�RST F��AD�NG August �5, �955 P�SSED DN SECOND REiaD�I�G Augus� 1�, i95� FA�SED QN THIRD �1NI7 �INi1L REilD��1G AND ADQPT�I} Augus� 1.b, Ig55 ' HERB�R �L BROj^7�I . 1�1�1 Y�R�Cpi�•tI SSTOIVER ATT�ST• � R. �. �� Enn � C�TY � D��'OR AN17 CLERK � . ., ;• : , �' � � �., ��� � Ir' a --3 8- a • � � �.i.. ,�r:t ,t-s'� €` ,r � . ,'Y; �,. ' � 1• ' � _ . �� . , .� ' � , ; . � � 3 . ; - , � .l", r. .. ,. �I�. . . , k. . .., _ ' , . ;,, , s: •,f., . , ,, • L.• I,'��� ',�1• ^'� � i'�.�:'_',� '�� 4';• `�;..- • r "�.•:A , , , . ;_ '^r;s_.,: �" ;Eti'�, 1 ;: ''?�"':i;.�: .�� : .1. :�L'Y='��'?,k'.(1 r;j`:Y�y`i .� . .i'f �r ,•�I4�`'�7; �c'{r': sj3'.,^ .'�,y • . 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LB� • ' � '. ;...�i�'�., • API ORpINA1+3L'F ATtUVIAIN(I FOR - . k. •.• 7'iiP.,CON6TfiLJCTID[3 AND ACQUI- � , FtITIQ*1 OF AApii'ION9, Y:X'i'�N8- � , . , t, ' ; ' � ]ONB Ai�p S�SPROYE�lwNTB T4 Tii£ � IYATTy7t AN77 81C1yEli 4YHTF]1sl3 ANI� • ' FiTORAE BLrW F'TtS Ofi TiiF CI'I'Y' Olr ": � . , . . ,� :; • � ` "' ' •. � t C1oaYMGto[. Pinaliaa 011n Y. 9 G ]�'� tnjyA�T � ItQ�lAZNA� FOR�.�H� � +' � ' 1', E ' Sa1l'i'� Q� PLOHID1l . � . � ' � ' #V�,�- :' . . � ` YAYalENT Olt RLFUIDING OF` C�Ii• � �. ,�. ' . . °, ..1 ". ,: � . COVHTY OP PItV�LI�B� �rAiN ottr�TwHni�vG o�t,Ir.��- �l' ' , .:. �••. ...�s": `.' : ' ' .�'z IAN9t ALT1'ItORIZTI�'C TIIF. I6HC1- � . .•.,;:;i;1�: ''�r��• ' . ��lor� tho und�t�t�nrd wthorilp par�onallY apP�ared W. R. Z�ehae8, who ANCk:OF'4�t.sro,Op0iJ1'IWTYItF.VE- .• n �. f.;.,:_ •�� �'' on oath aars lhaf hr 1� ilts Csn�ral Manctgnr e[ the Clenrwat�r Sua, u dallr aewq�cprr rtum CEgTIPI(:ATF.A: IyROVIAINC3' . � , � F' ��� ' publith�d at Cl*aswal�r fn Pla�tlor CnunRy, klortdat that ths attach�d copT o! ��o�t 'rN�tR n:�T�niTY bATiSB; ;, ,. , k�1 .� -,^ t:..•. I RQVIDING p'Oi1 TNF: f,XF.ClJT10N. r. � . � . . , . � ° :' }• }" ' ' � hiOfi��� Of p�$���� af Ordinance • �E40TlAllILFTY AlVI� IiEG7$T3tA. . I,. �;x . . dr�rtis�m�at, b�la a .. .. .. .. , . . . .. . . .. .. .. . , ... .. . , . �eant� qF ��AIp ' CFRTIF'ICA'I'�8: 3 � � ; • „ ' ' �' � i'ROVibINii F4R Itk;PLAC�I�iF:N1' � • • . -fi �' � . . . . , . � .. . .. .. .. . � tf1• matl�r a! ACIb 7'�tYEiElC7: ON' �lUT7I.ATf:D. . „ � ,:.,..., �' - . '- �:�.:�::::._.....:�. .. . . ... ....,... ....5��.. ...... .. - .. �._,,:;,•:�-t :.;; •�.`�� �.��`�� �. ... o. ., An ord�.nance providing� for.,the n i�T;���°AS�r°r Nvxnna �f . " `,, `. . ,`. F ..i �' � � ' � . � . ♦ , r '` ` � �°� �`� � � ��'ruc��ori a'rid 'a'c iii'si�'ioiis o�" aiiclitions" ,.. . - � ... . . � . ,:. .. . .. ... �, , :� ...?�'.. , .,1�:.3,., ;........�.. ,7. ::: �, � � can q .. . '} � VF.h I�STB p I{t;VENV ••••E3XL'dtS$'�.'tifl'A"'dY1t�"i1b�f''dVATG�f1'C5�'���:'••..,•..,••.•..•�.. nxv errLtcemzorr oF ��v�NU�s '. i, r:s � `.4r..t:; ^,'.;:..`.,..,,�i �'A �, �' , •••••• OP` gA16 CFItTIFICATF.9: PRUVtp. _ �., .,. . .. • 7N4 FOR Tt[E r,OVENAi,�rl3� wNn . � : , �. -" "_�.'. ',r:�. .°°,'.,�;.� �,,>.. . . .,.:, . . r ~•r;.; r: .`:� . ��".''','.; � ;.• ' - . - !�f �!� . rras publl�h�d ia O�IIGAT[OH9 QR' TIiE CiTt� OP` .. � E `� - .: , � Y]CXXJCX7CaCX" C7.t�AF�WATElt •UND7:A BAID� CF.H- •x .�: -'�:: ;�: �� {+i'" ' ' :f � tC3d �II illi �Rilll� A � �'8F'lCATF.B; PttOYiDIN6 FQli T1i17 . , , �� .. ,..,... ',: :�;'� . ,: ., . . nr�rry [ ! $ �j� ......... � ............. . ,. , ".","�i'=.: ': .:.�,�_{. ; �r �;T.:!i°;; :, r . . .; � � I RO�pATNk[a7t �FTE N.TF �'I?�ITAl1iD ' , ' .. . r aF►• ,Au�u t .1$ � • • 1�9• i 4. , _., .... l;.j:: �: i r,"i; i ' ; � .. . , . .. ... . � . ... ... .. .. .... ... .... .. .. .. ........ .. .. .. ... ' '1 OPFRATIDN a : . . � . I G FO ZP: � . : � .�;� .;t ' '! �•.._� ,� • ` AND lfAllCTES+fA�SCP, 'I'l1�REDH'• � . • � :;� ��F:; a.;; .:,:.�.j :�'�r=�.`�"� e:'- ,°� f��., Xitleml !arlhrx �a�s lhat !h� said Cl�urwcter $ua !� a a�wrpap�r publlahsd a! a�novinnr•a rro�e firr� ntaF�os�Tror� i �. . i .,�,��-,,;�:��:, :,.." ;;•� '� .'� �,�� ��. �.;� `� `� °' Ctaariralcr. ia sa3d Pln�]Ics Co�sni , Florfdw and that ths eaid a��oapapar har 1ser�tofor� o�' It�v�t.'�1�n �rtol� m1�[s � OttE• . ' `3. � ,.'�y,,:� -,� ••.� ;. 7� F3ATB, REVP,RUF F'IINQ: I.Ihtl'3'IN� �' '' '• ;:'rj(�:;`4.;`.,::'`t��, `::,;t�i'', -�t`;` ':,• bMA eoull�ucualT yubllah�d Ia �uld PlaNlas Countp, Florida, rach d� and has bi�A R'liL ADl)11'lUNAL OIiG10ATIONB. ¢'..:•., , , ��'�'`:, ';�`•r�:°{ ;;i.� "�.:�=."�*: - rc�t�cnd w siraad s]au a�ciJ malhr at the poRt otlies !a Cl�arw'ater, is� w1d Pta�llna �yxtIC1� asAY t��: is8v�v ApAiNBT. _- , r ' � Tti� , F.r,UplTr fit.k:AflEh F'Rlt ,.i-:r.��:G�...:,.::,�'? �;'� �f.': :.•' '�' i P p g p 8AID c�:�zTrNic�T�:s: rno�snirrc� • � ��`�-'F':`rt=;..�.w�:�::; �>�.."°; ", -a" :`i�� •� attach�C�ceA! oi aQ�ertlsa�onfi nssd a!licntetuxthrr�sayshthat b� F1psCA��Hh�I paln �'OIL iiF.alf:UIF.� OF CEttTIFICATF:'� �. �;' •;,'�{ ,t•,:•• ., •,,.i �,..;; :i•' �i'. ` .'� 7fOLUL�'R!i• I.7AI[T1N[7 biOI?IF'JCA- . .��: =r;.'� �_."-�;: °'r'�� - r.:�,✓ •. .� nor pramia•Q aay p�raon. llrm or corporafion any di�eount rabatw, eommi s�oq or x�tund � ��� ��' �''',';�r�:,'.;•:'.°,� _,:• -.....•.._�:';�-�:. . � ••rioN on A�SF,NDbi�A'T o� m��t[s . , 't,.-t':'',',':�t:,'°._.�a,:... ,^•�,.,,;i::',,: !oe'!k• R�Fns� a! ��ring this edsartlsom�nt for publjeaflon fa ihp��d a� �np�r. 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