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I
ORDINAJICF NO.
AN ORDIMARCE TO AUTHORIZE THE
V-108FER AND CONVEYANCS TO TfM
THE CITY OF FAIREOPT Of THE
WATER 1901IS PLANT All), DISTRIIBC-
TION SYSTES AVV TH9 SAVITAltY
dsnH SYSTVId OWNZD BY THZ CITY
,2g IT ORDAINED by the City Council of the City of
Fairhope, Alabama, as follows
(1) The words "the city" as used herein meun
the City of Tairhop.o in the State of Alabama. The
"cords *thee board" as used herein moon The Water Works.
and Sewer Board of the City of Fairhope, a public
eorporstion orga:nired inter the provisions of Title
370 S*ctians 3%4 to 402, inclusive, of the Code of
Alabama of 19A.00 as amended. The words *the system"
a►s used herein soon the entire water works and
sanitary sewer system (buirg a consolids-ted system
composed of a grater works giant and d2stribution
system ands sanitary sewer system) now o,wn*d by the
city, including all appurtenances thereto aud all
properties used in eonnection thoreeith or forming ar
part thereof. The words "the outs<tar:ding obligations"
as used herein moan the $48,000 principal amount of
,5
44t
Waterworks and Sewerage System Revenue Bonds of the f
city dated July 11 1934, and numbered from 44 to 91,
inclusive, together with the interest coupons applic-
able thereto. ,
(2) The said'eity council does hereby ascertain
and declare that the following facts are truer She
systet does not constitute property or any part of
property used or which it is contemplated will be
used by the .city for the rendition of -any government-
al,function. The only outstanding obligations of
the city that are secured iy or payable iron: the
revenues from the s stem are the outstanding obliga-
tions. The sum of R9,175.00 is sufficient to
provide Bands to retire the outstanding obligations.
It would be in the public interest and it would be
advantageous to the city and..its inhabitants if the .
system should be transferred and conveyed'to the
board. Such transfer and conveyance is authorised
to be made under -the provisions of Section %A2 of
Title 37 of said code, as mended.
(3) In consideration of the public benefit
that will result from such conveyance, and of the
Payment by the board to the city of the sun of
$49,175.00 in cash, the aayor is hereby authorised
and directed to execute and deliver to the board,
for and in the name of the city,, an appropriate �
deed whereby the system shall be transferred and
conveyed to the board„ and the city clerk is hereby
authorised and directed to affix to such deed the -
corporation seal of -the city and.attest the same.,
Adopted and approved this 7th day of August!
1950.
Authenticated:
ity Clerk
Councilman moved that unanimous consent be given '
for immediate consideration of and action on said ordinaace,,
' which notion was seconded by Councilstau
upon the notion being put to vote the following vote was 1
recorded: Ayes Mayor Klukpp and Councilmen Berglin; Bradford: s
Bromn, 0v erton$ and Steele; Nays; None* The mayor thereupon }
declared the motion for unanimous consent for immediate
consideration of and action on said ordinance had been
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