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(6) THAT THE FULL FAITH AND CREDIT OF THE CITY OF CHARLOTTESVILLE ARE PLEDGED FOR THE PAYMENT OF SAID BONDS AND THE INTEREST THEREON AND THE CITY OF CHARLOTTESVILLE WILL LEVY ON ALL PROPERTY TAXABLE BY SAID CITY SUCH AD VALOREM TAXES, WITHOUT LIMITATION OF RATE OR AMOUNT, AS MAY BE NECESSARY TO PAY THE • BONDS AND THE INTEREST THEREON AND SAID CITY SHALL FIX AND MAINTAIN RATES TO BE CHARGED FOR THE SERVICES FURNISHED BY THE WATER SYSTEM AT A LEVEL WHICH WILL PRODUCE REVENUE SUFFICIENT TO PAY FOR COST OF OPERATION AND ADMINISTRATION OF THE WATER SYSTEM (INCLUDING INTEREST ON ALL BONDS ISSUED THEREFOR) AND THE COST OF INSURANCE AGAINST LOSS BY INJURY TO PERSONS OR PROPERTY, AND AN ANNUAL AMOUNT TO BE COVERED INTO A SINKING FUND SUFFICIENT TO PAY, AT OR BEFORE MATURITY, ALL BONDS ISSUED ON ACCOUNT OF SAID SYSTEM OR ANY PART THEREOF. (7) THIS ORDINANCE SHALL TAKE EFFECT IMMEDIATELY. ADOPTED BY THE COUNCIL JULY 16, 1962 AYES: MR. HAGGERTY, MR. LEE, MR. MOUNT, MR. PONTON AND MR. SCRIBNER. NOES: NONE. CLERK PRESIDENT AN ORDINANCE AMENDING AND REENACTING SECTION 2 OF CHAPTER 35 ENTITLED "RATES" OF THE CODE OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, 1959. BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE THAT SECTION 2 OF CHAPTER 35 ENTITLED "RATES" OF THE CODE OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, 1959, BE AMENDED AND REENACTED TO READ AS FOLLOWS: SECTION 2. RATES. WATER RATES SHALL BE AS FOLLOWS: CONSUMERS INSIDE CITY. MINIMUM CHARGE (300 CU. FT.) $2.00 NEXT 1,700 CU. FT. PER M. CU. FT. 4.00 NEXT 1,000 CU. FT. PER M. CU. FT. 3.20 NEXT 27,000 CU. FT. PER M. CU. FT. 2.40 NEXT 470,000 CU. FT. PER M. CU. FT. 2.00 ALL OVER 500,000 CU. FT. PER M. CU. FT. 1.60 CONSUMERS OUTSIDE CITY BUT WITHIN AREA TO BE ANNEXED JANUARY 11 1963. RATES FOR WATER SOLD TO CONSUMERS LIVING OUTSIDE THE LIMITS OF THE CITY BUT WITHIN THE AREA TO BE ANNEXED JANUARY 11 1963 SHALL BE GREATER BY FIVE PER CENT THAN THE RATES SPECIFIED ABOVE. CONSUMERS OUTSIDE CITY AND OUTSIDE AREA TO BE ANNEXED .JANUARY 11 1963. THE RATES FOR CONSUMERS OUTSIDE CITY AND OUTSIDE AREA TO BE ANNEXED JANUARY 1, 1963, SHALL BE 100% IN ADDITION TO THE ABOVE-NAMED RATES FOR CONSUMERS INSIDE CITY. SPECIAL CONTRACTS. • THIS SECTION SHALL NOT APPLY TO SPECIAL CONTRACTS FOR THE CONSUMPTION OF WATER WHICH HAVE BEEN AUTHORIZED BY THE COUNCIL. THIS ORDINANCE SHALL BECOME EFFECTIVE SEPTEMBER 11 1962. ADOPTED BY THE COUNCIL AUGUST 20, 1962 AYES: MR. HAGGERTY, MR. LEE, MR. MOUNT AND MR. PONTON. NOES: NONE. (MR. SCRIBNER ABSENT) CLERK PRESIDENT AN ORDINANCE AMENDING AND REENACTING SECTION 46 OF CHAPTER 22 ENTITLED "SEWER CHARGES" OF THE CODE OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, 1959. BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE THAT SECTION 46 OF CHAPTER 22 ENTITLED "SEWER CHARGES" OF THE CODE OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, 1959, BE AMENDED AND REENACTED TO READ • AS FOLLOWS: