Res 1996-014 - Laserfiche WebLink

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LID£. Page 6 January 11, 1996 10. Amend the last sentence of Section 9.01 as follows: - In no event, however, shall revenue bonds be considered aft genera" indebtedness of the city nor repaid with funds secured by taxation. ... This change clarifies the special nature of the City's revenue bonds. While they are debts of the City, only the City's utility revenues are pledged to repay them. 11. Amend Section 11.01. Section 11.07(d) and (t). and Section 11.08 regarding public utility franchises as follows: Sec. 11.01. Powers of the city council. The city council has the following powers regarding public utilities of every character operating in the city: , (1) To buy, condemn, construct, lease, maintain and operate public utility systems in the city; (2) To sell, manufacture and distribute tþe services and output of city public utility systems; (3) To prohibit the use of city streets, alleys, easements or other grounds by a public utility unless the utility first obtains a franchise in accordance with this article; and (4) To regulate public utilities in the interest of public health, welfare and safety. In addition to the city's po'J'Í'er to buy, construct, lease, maintain, operate, and regulate public utilities and to manufacture, distribute, and sell the oL;1tput of such utility operations, the city shall have such further power3 a3 may nm... or thereafter be granted under the con3titution and lal/;s of thc State of Texas. Section 11.07. Right of regulation. (d) To impose regulations to ensure safe, efficient and continuous service to the public. In opening and refilling of all opening3 made by franchisc holder, it 3hall rc lay the pavement and do all other 'Nork nece33ary to complete restoration of streets, side'v'v'81I<s or grounds to a condition equally 8S good or better as '...-hen disturbed.