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Ord 1846 10/12/1959ORDINANCE NO. 1846 AN ORDINANCE SETTING ASIDE FROM THE REVENUES OF THE PUBLIC UTILITIES OF THE CITY OF WICHITA FALLS SUFFICIENT FUNDS TO PROVIDE FOR THE CITY DEBT SERVICE FUND FOR THE FISCAL YEAR 1959 -60 TO PAY PUBLIC UTILITY OBLIGATIONS; PROVIDING FOR A METHOD PAYMENT; AND DECLARING AN E[+ MGhNCY. BE I'T ORDAINED BY THE BOARD OF ALDFRAEN OF THE CITY OF WICHITA FALLS, TEXAS: SECTION 1. That there be set aside from the revenues of the Public Utilities of the City of Wichita Falls the sum of $156,172.00 to pay Public Utility Obligations accruing in the fiscal year 1959 -60 on the outstanding water bond issue in the sum of $2,120,000.00, said sum of money to be set up in a fund to be known as Water Department Debt Service Fund. SECTION 2. That there be set aside from the revenues of the Public Utilities of the City of Wichita Falls the sum of $53,419.00 for the payment of Public Utility obligations accruing in the fiscal year 1959 -60 on the outstanding sewer bond issue in the sum of $665,000.00, said sum of money to be set up in a fund to be known as Sewer Department Debt Servics Fund. SECTION 3. That said total sun of $156,172.00 herein set aside is to be divided into twelve (12) equal installments and paid into the funds provided in the bond order each month in the sum of $13,014.33. SECTION 4. The said total sum of $53,419.00 herein set aside beginning October 12 1959, be divided into twelve (12) equal installments and paid into the funds provided in the bond order each month in the sum of $4,451.58. SECTION 5. The immediate need to continue the normal operations of the business of the City creates an emergency and in order to protect the publid health, welfare and to preserve the peace, this Ordinance shall take effect immediately, and it is so ordained. PASSED AND APPROVED this, the 12 day of October, A.D. 1959. Mayor Protem C�;