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.. • <br /> • <br /> systam, and to maintain its rates and charges for water so that <br /> sixty per cent of the gross revenues of said systam shall be suffi» <br /> cient to make the payments into the said fund hereinabove establish- <br /> ed and ordained, until such obligations and all interest thereon <br /> shall have been fully liquidated and discharged. <br /> Section ; The money derived from the sale of the bonds <br /> herein authorized , shall be paid into the said Averett Water System <br /> fund, as hereinbefore provided, and shall be drawn upon solely for <br /> the purpose of paying the cost and expenses of acquiring sr i*- - <br /> ksrng the water system proposed by this ordinance, and the cost <br /> and expenses connected therewith, and the surplus of the money, if <br /> any,• from the sale of said bonds,over and above the total cost of <br /> said water works system, shall be applied to the payment of said <br /> bonds, and interest thereon, as the same may mature. <br /> /3 <br /> Section : This ordinance shall take effect from and <br /> after its passage, approval, and due publication, in the manner and <br /> at the time provided by law. <br /> o- <br /> Mayor <br /> passed JUN 291915 <br /> Attest �� P <br /> City Cler <br /> • <br /> Published 1916 <br />