5675 AUTHORIZING AND PROVIDING FOR THE ISSUE OF $8,000,000 WATER REVENUE BONDS

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lon� as the bonds or any of them remain outstanding and unpaid, either as to principal or interest : (a) That the City of Decatur will maintain the said waterworks system and all improvements and extensions thereto in good repair and working order, will operate the same efficiently and faithfully and punetually per- form all duties with respect thereto required by the Constitution and laws of the State of Illinois . (b) That the City of Decatur will establish and maintain at all times reasonable fees, char�es and rates for the service of said waterworks system and provide for the collection thereof, and the segregation and application of the revenues of said system in the manner provided by this ordinance and sufficient at all times to pay the reasonable costs of operation and maintenance, to pay the interest of and principal on all revenue bonds of said City which by their terms are payable from the revenues of said waterworks system, and to provide for the creation, establishment and maintenance of the respective accounts as provided in Section 7 of this ordinance, and from time to ti.me to make a11 needful and proper repairs, replacements, additions and better- ments thereto so that it may at all timesbe operated properly and advantageously, and when any equipment or facilities shall have been worn out, destroyed or other- wise insufficient for proper use, it shall be promptly replaced or repaired so that the value and efficiency of the said system shall be at all times fully maintained. (c) That the City of Decatur will establish such rules and regulations for the control and operation of said waterworks system necessary for the efficient and economical operation thereof, and rates and charges shall be fixed and revised from time to time as may be neces- sary to produce funds sufficient for all the purposes herein provided until all of the bonds authorized by this ordinance have been paid in full, both as to principal and interest. (d) That the City of Decatur will maintain and keep proper books of records and accounts (separate from all other records and accounts of said City) in which complete entries shall be made of all transactions relating to said system, and hereby covenants that it will cause the books and accounts of said waterworks system to be audited annu- ally by certified public acconntants and within not more than sixty days after the close of each annual fiscal period will file with the original purchaser of said bonds herein authorized, complete operatin� income statements of said waterworks system in reasonable detail covering such annual period and will furnish upon written request not more than sixty days after the close of each annual fiscal period copies of such operation and income state- ments to any holder of any of said bonds and will permit any holder or holders or any purchaser of not less than twenty-five per cent (25�) of the principal amount of said bonds then outstanding to inspect at all reasonable times said waterworks system and all records and accounts and data relating thereto, and to furnish to any holder or holders or any purchaser of twenty-five per cent �25q�) in principal amount of said bonds then outstanding all c�,ta and information relating to said waterworks system -17-