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Ordinance 1952
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Ordinance 1952
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11/8/2024 2:33:46 PM
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Ordinances
Ordinance Number
1952
Date
9/28/1920
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1 installment of interest upon all such bonds outstanding and unpaid, <br /> 2 and annually on or before the 1st day of January, beginning <br /> 3 January,1927 and to and including January,1936, the additional sum <br /> 4 of 5000.00 for the payment of the principal of such bonds, and <br /> 5 annually on or before the 1st day of January,1937 and to and <br /> 6 including January,lst.1941, the additional sum offi1.0,000.00 for thei <br /> 7 payment ofthe principal of such bonds, at such times as herein- IIII <br /> 8 before specified., until all of such bonds with interest thereon <br /> 9 shall be fully paid. <br /> 10 ;uxh !?und is to be drawn upon for the sole purpose of pay. <br /> I 11 ing .the principal and interest of such bonds from and after the date; <br /> 12 of such bonds, and so long as obligations are outstanding against <br /> 13 such l,und, The City Treasurer of verett shall semi-annually, one <br /> 14 calendar month prior to the date upon which any interest or prindip <br /> 15 and interest, shall become due, set aside and pay into such Fund, <br /> 16 from the gross revenues of said Public Market as herein provided and <br /> 17 after paying the expenses of operation and maintenance of said <br /> 18 Market , a sum equivalent to the amount of interest and principal so <br /> 19 falling due on all bonds issued hereunder, and then outstanding, and <br /> 20 annually one calendar month prior to the 1st day of January, of each <br /> 21 and every year, beginning with the year 1927 to and including the <br /> 22 year,1936 the sun of $5000.00, beginning with the year 1937 and to <br /> 23 and including :the year ! the sum of •10,000.00 as the principal <br /> 24 of such bonds falls due, and until all of such bonds with interest <br /> 25 thereon shall be fully paid, and such fixed amounts out of such <br /> 26 gross revenues are hereby pledged to such semi-annual payments of <br /> 27 interest and such annual payments of principal, and they shall <br /> 28 constitute and be upon such gross revenues a charge superior to <br /> 29 all charges whatsoever excepting charges for maintenance and <br /> 30 operationsThe City Treasurer is hereby directed to make payment <br /> 31 of said bonds and coupons as the same shall fall due from the <br /> _5_ <br />
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