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<br />J. nA oJVoJ <JQ I 'nil;);) <br /> <br />'. <br /> <br />lUAtlU ~YKINuS CO <br /> <br />. <br /> <br />14109 <br /> <br />7, The Enterprise is authorized to fix and collect water charges and fees sufficient to <br />repay the loan made under the Loan Contract and to establish an account separate and <br />apart from other revenues of the City and the Enterprise, to set aside sufficient revenues to pay <br />each annual installment under the Loan Contract, <br /> <br />8, The Enterprise is authorized to establish a certificate of deposit account in the amount <br />of Eight Thousand Two Hundred and nollOOths Dollars ($8,200,00) to be held in the office of the <br />Colorado Slale Treasurer as security for the loan and to replenish such amount within sixty (60) <br />days of any withdrawal by the CWCB and execute an assigrunent of the Certificate of Deposit to <br />the CWCB, <br /> <br />9, All actions not inconsistent with the provisions of this Ordinance heretofore taken by <br />the Enterprise or its officers and otherwise directed towards the execution and delivery of the <br />Loan Contract are hereby ratified; apprpved and confirmed, <br /> <br />. ". ' . . <br />IO. All ordinances, resoIiltions, bylaws, orders and other instruments. or parts thereof, <br />inconsistent herewith are hereby repealed to the extent onlygf Sllch;!'I!\<PD$istency, This repealer <br />, ," -J'.....~.~~ <br />shall not be construed to revive any,ordinance. resolution;'oylaw, order or other instrument, or <br />part thereof, heretofore repealeiC . <br /> <br />II, If any section, subsection, paragraph, clause or other provisions of this Ordinance <br />shall for any reason be held to be invalid or unenforceable, the validity or enforceability thereof <br />shalI nol effect any of the remaining sections, subsections, paragraphs, clauses or provisions of <br />~. this Ordinance, <br /> <br />lntroduced, read and ordered published at a Regular Meeting of the City Council of the <br />City of Idaho Springs, Colorado, acting in its capacity of governing body of the Enterprise, held <br />on the 10th day of March. 1997. <br /> <br />CITY OF IDAHO SPRINGS, COLORADO, <br />WATER ENTERPRISE <br /> <br />By: <br />William V, K. Macy, Presi <br /> <br /> <br />/~-.. <br />ATI'EST: <br />/ / <br />! (/l <br />\ . <br />I .. <br />Ph~ <br /> <br /> <br />.1./uwL, <br /> <br />-3- <br />