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SECTION 7. Security and Sources of Payment for the Bonds. The Bonds, as and to the <br /> extent paid for and delivered to the purchaser or purchasers thereof, together with any bonds <br /> issued on a parity therewith, as to both principal and interest, shall be valid and binding special <br /> revenue obligations of the Town, payable solely from and secured by an irrevocable pledge of <br /> and constituting a charge upon all of the net revenues (herein defined as gross revenues after <br /> reduction only for the payment of the reasonable expenses of operation, repair and maintenance) <br /> derived from the Sewage Works, including all such net revenues from the Project and all <br /> additions and improvements thereto and replacements thereof subsequently constructed or <br /> acquired, to be set aside into the Sinking Fund as herein provided. The Town shall not be <br /> obligated to pay the Bonds or the interest thereon except from the net revenues of the Sewage <br /> Works, and the Bonds shall not constitute an indebtedness of the Town within the meaning of the <br /> provisions and limitations of the Constitution of the State of Indiana. <br /> SECTION 8. Form of the Bonds. The form and tenor of the Bonds shall be substantially <br /> as follows (with all blanks to be properly completed prior to the preparation of the Bonds): <br /> 411 <br /> 11 <br />