The Chronicle-star combined with the Moss Point advertiser., 1942-06-05

- completion With al pEarcae
disuaerh ~ efficient aHH
Ca manner. fhst uRon ne c
pietiun ~ the construction IT such
sewerage faciiiISe3 4 viii corn
merce TIRE operation thereof ard
50 long as airy uf fe Han Or
the interest thereon remain out1
standing and unpaid. that Is vii
continuously operate such tseilt-
sfsz and ls sewerage system ~ q
whole II an eHicsens and ecnnon
cal manner that Il wIll establish
maintain and collect reasonanis
rates lees. ann charges for the
services ard facilities afforded bs
rs said sewerage xyA1egns thai
except a provided in SecEaen =
III fhis Ordinance. NO free sprv
ices snail BE- rendered 5s the
w0rks and facilities comprising
Tire said sewerage system q the
City, q any person firm. o. cor
porafion a. % the CITY a any
agency or depafament thereof
that the gross revenues oG said
sewerage system viii Dc kept
separated apart from all other
funds and moneys Of the City o.
q ans agency CT department
thereof IN : special fund. herein
after described as the Sewer
hevenues Fund ard shall be Dr.
voted 20 the extent required by
the provisions ct tins Ordinance
firstly. to the payment Of the
reasonable expenses Of the opera
lion and maintenance of said
sewerage SYSTEM and secondly. to
the payment OF the Interest on
and principal Of the Bonds herein
authorized TO be issued. includ
ina the eraata0n of = reasonable
reserve therefor.
SECTION g. The City hereby
covenants and agrees that rates.
fees and charges for tire services
and facilities furnished ~ is en-
tire sewerage system shall he
fixed by the City precedent 10 the
issuance Of said Bonds: Provided,
however. that no charges shall be
made for tire services rendered by
the works and facilities eoTnpris-
inR. as Of January l. Ia4z the
sewerage system Of the City until
the date when work on the sew
eraRe disposal or treatment plant
described IN Section ! of this Or
dinance has been completed 70 q
point where such sewage disposal
or treatment plant may BE- opeF-
ated with a reasonable degree Of
efficiency. when the rates, 4eea,
and charges heretofore fixed for
the entire sewerage system shall
become effective with respect to
the users Of said existing works
and facilities. Such rates. fees
and charges shall be sufficient -
provide for the payment of the
reasonable expenses of the oper-
alton and maintenance Of such
system. and to provide for the
payment of the interest On and
principal Of the said Bonds as and
when the same become due and
payabie. including the creation
and maintenance of q reasonable
reserve therefor. Such rates, fees.
and charges shall be fixed and re-
vssed from time 20 time to the end
ssszt Tire SANS nay be sufficient
70 provide for and satisfy al Of
the requirements Of this OrdI
nance.
SECTION 10 That from and
after the delivery 81 any Of the
said Bonds, the entire sewerage
system Of the said City shall De
operated on a fiscal year basis
commencing on October | in each
year and ending on September 80
of the following year and on that
basis the gross revenues Of the
said sewerage system are hereby
pledged and ordered to be set
aside and paid immediately upon
receipt thereof into q separate and
special fund which IS hereby Gre
ated and designated Is the Sewer
Revenue Fund Of the CITY.
The moneys in the said Sewer
Revenue Fund shall. 70 the extent
required. be and they are hereby
ordered 80 be set aside and paid
monthly into separate and special
accounts as follows. t0-wis.
tal There shall be and there
IS hereby created . special &C
count therein called the Opera.
ton and Maintenance Account
designated Sewer System Oper-
alton and Maintenance Account
Of TIE City, and there shall be
and are hereby pledged and or
dened to be set aside and paid
monthly into said Operation and
Maintenance Account a sum. %.
gether with al other moneys
therein. sufficient 70 provide for
the payment Of al reasonable ex
pensnx Of the operation Ct The
said system and such reasonable
! expenses for the maintenance
thereof IS may b. necessary .
: preserve the said sewerage svs
TEN N good repair and working
order. and
tbl There snail oe and there i
hereby created q special aee(uunt
therein called fhe Bend Ac
coenf1 oesienated Sewer Revs-
nue. Bond and Interest Redemn-
ton Account G the CiIx. ard
after having fIrsf provided far
the creation establishment ard
maintenance Of the Operation and
maintenance Account there shall
b and are hereby pledged and
ordered % be st aside and paid
into sad Bond Account n al
pEoximatsiy equal monthly IN
stzlImena 81 amount sufficient
IN TIE aggregate eaeh wear q
meet the WlnEInal and Interest se
oafzem@rfa 81 HHe nanaa - sEe