RES 68149 - Laserfiche WebLink

5 security and payment of the interest on and principal of the Bonds. Additional Bonds payable from the Revenues may be issued on a parity with the Bonds of this authorized issue, but only subject tothe condi- tions and limitations contained in the Resolution. The principal of and interest on this Bond are payable solely from the Revenues, and the City is not obligated to pay it except from the Revenues. The general fund of the City is not liable, and the credit or taxing power of the City is not pledged, for the payment of the Bonds or their interest. The Bonds are not secured by a legal or equitable pledge of, or charge, lien or encumbrance upon, any of the property of the City or any of its income or receipts, except the Revenues. The City covenants that, so long as any of the Bonds are outstanding, it will fix, prescribe and collect rates, fees and charges in connection with the water, services and facilities furnished by the Enterprise so as to yield Revenues at least equal to the amounts thereof prescribed by the Resolution and sufficient to pay the principal of and interest on the Bonds in accordance with the provisions of the Resolution. Bonds numbered B1 to B32, both inclusive, maturing on or before May 1, 1984, are not subject to redemption prior to their respective maturity dates. Bonds numbered B33 to B70, both inclusive, maturing on May 1, 1994, are subject to redemption prior to their maturity date, at the option of the City, as a whole and not in part, from funds d*erived from the City from any source, on any interest payment date on or after May 1, 1982, at the principal amount thereof and accrued interest to date of redemption, plus a premiuro_ as set forth in the following schedule: Bonds Redeem~l In (b~lh'years Inclusive) P~emlum 1982-1983 ............................... 4 1984-1985 .............................. 3 1986-1987 .............................. 2 1988-1989 .............................. 1 1990-1991 .............................. ~ of 1 1992-1994. ............................. 0 Bonds numbered B33 to B70, both inclusive, maturing on May 1, 1994, are also subject to redemption prior to their maturity date, at