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357 <br />undetari.ng is, sufficient to pay the costs of operation and administration in- <br />cluding interest on bonds issued therefor and the post of insurance against loss <br />by injury to persons or property and an annual amount to be covered and paid into a sink- <br />ing fund sufficient to pat at or before maturity all bonds issued on account of said <br />undertaking including those now ou ;standing as well as those to be issued hereunder. <br />While the said bonds or any oi' them shall remain outstanding or <br />unpaid there shall be levi;�d and collected from the users of City Water a Water <br />rate sufficient to provide for the payment of the principal and interest as the same <br />become due and payable. Should the revenues from the water works plant be in- <br />sufficient in any year to pay the cost of operation and administration of such plant <br />(including, interest on bonds issued therefor, and the cost of insurance against <br />loss by injuries to persons or property, and an annual amount to be covered and <br />paid into a sifting fund sufficient tei pay at or before maturity all bonds Issued <br />on account of said undertaking, there shall be annually levied upon all the <br />taxable property of said city such taxes as may be necessary to provide for the payment <br />of the principal and interest of said bonds at maturity. <br />Adopted by the Council March 17, 19? . <br />J - _I(x '/ I <br />01 er <br />1 <br />Ayes, Br_>wn, !:Morris and Joachim, Noes None. <br />�rrn i <br />lFresident, <br />