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A'Uit.ioaa,l BoadB shall eat be r*d*Mmblt oarlior than the lirtt redemptioa <br />date for the 7aWrorewnt Bonds. <br />the Utilit.?r aad ?hall ??bL sa1e13r ftq? the rsv?auei a" p?rties ot <br />secured onlY, but *tM14 and rutab]3? vithout <br />priority ot ona aver anotbor bpr r*ascn ad' auNb?r or ot data ot Dondt <br />?scutioo or dR.ltwi-?r, ? th? coowtitut <br />Ibrt? ?y <br />arid Dz'c"rtirs, a!'ter Drovtsian !or tbeit a lisa iqPon said reveaues <br />a4e?a of tLe Utility, a:rd l?r L? tise?chia?e? °?ratico aaQ riaLonaACe <br />*ich, ia caaO of toreclostiu?e ot t3?? Ib ?*r Pro?ri? tor uader <br />, tbi ywrcLwr ?, ?nte the <br />V'tility; and ar?ything ip ? Np??W, in tjl" <br />t.Le cartnry aotwit.hatandi ?'di?c• oar ia the Doa?Or to <br />06, rkither the pnargl xraour+cas ot tho Mtnlei,pa,lity <br />shall bt requirtd to be uisd, mv the gentral arftdit of the Mmicipalit <br />Pl*dsed for the pertoniarice of sepr dutY undier the 11Q y <br />or the Dond?, but a?r Pymati to be oa? uadtr tb?r ?• this osdinaace <br />?iCe <br />oar the Bor?da shall be r4e oaljr froa the prvpsrtiss at?d p' tNa?ot tho <br />t?tilitY; Pl'ovided, hovrv+er, that if o?rvise ,la?1t?1 <br />be deemed to prahibiL t2is M?uiicipality lrat usint, of i?o ?,?m ? <br />of iLs gerural resources for the hil.lil18"t ot aW of the tans aaQ coaditicm <br />°t the MDrtpW, this orQinance or the Boxds. <br />89ction 8. povenapts of la,tnici it ??Q <br />the Iq?ro?y?enesat Donds, shall cave -• <br />mnt ? t ipaiit?3?, bp? issusuco ad <br />the TluatN tbaL: th! doldst'f Of the Bood/ Mud M1th <br />(w) It vill at all tian prescribe aad aharge syah nt*a for the <br />aervicea of the Utility, aoQ will 40 restriat opOYStioa ao4 maiatsnapce <br />•xpeASes of the tJtilitY, ar oba11 rttulL la ihilitY r"wwM st 1Nat <br />?, <br />after Y?tms trtqui rsd by t?hi ? i tn and sainte?nc• ?p ??ft tor (1 ) 4the <br />? <br />PO <br />? <br />Debt 8ernce Antrve iname aad to be awW into the D*bt Asrrice lhmd, <br />'?jM, or other Ny.ci.al l1me. (is) prVe= UervVNnnt mn <br />replacemeat resorves, and (111) sufficiont <br />issua oi the Additioaal Bonds rt4u,ire! !or the aiacrait the <br />sdvisable estensiaua or iaproypments; ttill <br />?isLtioa ta requlre all imro?red propertl.sadopt s ? ?? L? lb?e a?prapriote <br />the tJ'?i11ty facilitifs t,o eoa?a?t yi? ?????0?'? +?Cess to <br />•?e; ??iu pervit no tr*s "mee or tltsli sa?e ror disyo?al at pmitarq <br />t? cause the collectioa ot UEility rat.? tscilitiar; anQ vill st all <br />lawful ?eacu, includin?i the i?ositit?n ? and ?°? to ?t ?otc?c?Q b?r all <br />aad laods of uNra of t? Utility. ??nt c? Yi? u?on the lots <br />(B) It rill ttiuaiob to the TivstN snd to the ilaal 1?rcba?ers <br />;?a?al reports of the ? Qt'i <br />or betore each °pentiaa and inccm ad the Utility sad aLw an <br />1fwrch first aa annual nport Ptepared ty • certitied pubJ,ic <br />accountant of the booku, aecounts sud operatiocA a2' the tltllitr, an:i rill <br />Pentit the wtbmisad reprosmtstirta ot the TtvstN, of tho <br />or of ru?pr boldor or holdera ot },qp per cortva ot the voe?ht ot Orlginal the ?r?asars, <br />41 21 <br />: . ? . <br />Y ?. <br />. N F !r T <br />,y <br />1 •' <br />' • <br />y' . . <br />+ a <br />? <br /> <br />?e ?;r, . .o?,-• <br />k <br /> <br /> <br /> <br />l ?idy <br />t a <br /> ? <br /> <br />?*4 <br />t° _ <br />S ?k !)U <br />G7r . ," _