Water and Sewer Bonds and Rate Provisions Detailed
The ordinance outlines principal and interest payments solely from net revenues of the Water Supply and Sewer Systems with a city lien, possible receivership on default, private sale of bonds, and deposit of sale proceeds. It sets water and sewer rates as of 1950 and 1962 respectively, mandates rate-based revenue for debt service, and details tenant protections, enforcement, and city duties, including insurance, bonds, and fund structures for operations and extensions.
MENTIONED IN THIS ARTICLE
Bessemer
Municipal Finance Commission
Board of Public Works
Common Council
State of
Michigan
Science and religion linked in mental health crisis
Dr G Jung warns that alcoholism mental illness and suicides reflect spiritual hunger without religious outlook Scientists see soul health as key to mind health and seek help not just from doctors but through prayer Rev Patrick J Peyton notes that crisis stems from loss of faith and need for spiritual nourishment Family Theatre founder promotes this view through The Paulist Information Service Washington 17
MENTIONED IN THIS ARTICLE
G. Jung
Walter Lippmann
Patrick J. Peyton
The
Family’ Theatre
T Paulst Informaton Service
Washington
Water and Sewer Revenue Funds Allocation Ordinance
Revenues from the Water Supply and Sewer Systems are set aside each month into dedicated funds. Operations and Maintenance, Bond and Interest Redemption, and a Reserve Fund for bonds are funded first, with extensions and improvements funded from remaining proceeds. The section covers deposit rules, fund transfers, reserve thresholds, and fund separation by depository. The operating year runs October through September, with bonds requiring Municipal Finance Commission approval.
MENTIONED IN THIS ARTICLE
Board of Public Works
Besseemer National Bank
Bessemer
Michigan
City of
Municipal Finance Commission
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