Loading...
489 Water System"- 0 R n I N A N r F N o 4 is 0. Air ordinance amending, section 0 of ordinance No 372 entitled "An ordinance to provide for a system of water-morks and a supply of water to the city of Salina and the .inhabitants thereof" approved Tjarch /,)0-t,}, 166.'3. Be it ordained by the mayor and councilmen of the city of Salina, _ Kansas. Sec. 1• That section 0 of ordinance No 37> entitled "An ordinance to Provide for a system or water -works and a supr)ly of water to t}re city of Salina and the .inhabitants thereof" approved 12arc.h be. amended so as to read as follows:It is hereby agreed by and bat•meen the Salina dater -marks company its successors and .*.assigns and the city of Salina, that in trig event it be deerned neccassary in the construction or extension of the said water-worksto issue first and second rnortgage bonds upon the said water --;corks property or extensions either or all, that so much of tine hydrant rental to be paid by the city of Salina tinder the provisions of this ordi- nance as will frilly pay the interest on said bonds, shall be Paid the the holders of such bonds by their trustees serni-annually on the First, days of January and July of each yearuntil said bonds are paidand that the balance of hydrant rental which the city of Salina agrees to pay to the said The Salina 'later -works Company its suc- cessors and assigns. It being understood that the hydrant rental which the city of Salina agrees to pay to tine said The Salina irlater works company its successors and assi?ns for fire protection or so' much of said amount as shall be neccessary to pay the interest on such first mortgage bonds shall be. set aside and paid to the trus- tee of such first rnortgarle bonds and by him used exclusively and only for the payment of interest; on such first rnort,;ag e bonds when and so long as the same shall becurne dine and payable, and the sur- plus of such hydrant rental or so much thereof as shall be necces- sary to pay the intQrest on such second mortgage bonds shall be set aside and paid to the trustee of such second mortgage bonds and by him used excl,.isive'ly and only for t} -le payment of interest upon said second mortgage bonds .vh�n and so long as the same becomes due and payable. When such first and second mortgage bonds are frilly paid and cancelled then the hydrant rental due from the city shall ba paid in full to The Salina Water -works Company its successors and assigns. But in no event shall the city of Salina, pay to said trus- tees for such interest a sum greater than the amount agreed to be paid _The. Salina hater -works Company its successors and assigns. And pro,ridod further that the said city shall in no case become liable for the inia-appropriat ion of any money paid to any such trustees. If there be no such trustees such p:}aylnents may be made to they own- ers of said bonds. Sec. 1,21. That original see `a of ordinance "To. 67,2., of which this o ordinance is amendatory be and the same is hereby repealed. Sec. 3. That this ordinance shall takes effect and be in force from and after its publication in The Saline county Journal. Approved April 19-th 1856. .... .E2.. TTay0r. Attest : ..... City clerk. L2 er