Decatur Daily Democrat, Volume 37, Number 230, Decatur, Adams County, 28 September 1939 — Page 5

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I In a default in the payment of anv at the bond* or coupon* i.oued pur I cu.at tv thia urdUtouuv. th>> bolder i >( any awn detaulind bond nr coupent .lull have the right *o have al i receiver appoint<-d to administer] M'd electric atlliiy ay.t.-tn until »u<h time aa ail or< visionv of this ordinance shall have been compiled with, or for such time as tue comt] appointing such receiver shall de>> t.imine. After the isauauce of said .■ends, thia ordinance shall not t>repealed, amended or mouitlvd in vny respect which sill adversely »'-j feet the riiclHo or interests ot the; holders of said bonds, nor shall th • common council or any other bod>! ot the city, adopt any law, ordinance or 'evolution in any way adversely affecting the rights ot the bond udders so lon* aa any vs aai I •n ude, or the interest th*uon, re mains outstanding ot unpa.d. O—The provisions of th s urdin! anee shall be con.«trued to create a ’rust in the derived from] ihe sale of ihif bouu bereu auibot-I ised. for the uses and purposes' herein set forth, and so lung as aay of the bonds are outstamrag tbei provlaloas of thia ordinance shall I I also be construed to create a trust' In the portion of the rev< sues of ' »aid elevtrlc utility system herein , directed to be set apart Into the J electric utility bunr fund, lor the uses and purposes of said tuud, as

Dl-CATI R DAILY DEMOCRAT TIICRSDAY, SEPTEMBER 28. 1939.

’! la this ordinance set fourth. H--None of the provisions of th's ] brdinanve shall be construel as re- ' quiring ihe expenditure of any Ipnndn of the city derived :-mn «nv i.oi<rres than the proceeds of said II bonds snd the operation of said utilJ Ity system Funds are Pledged , forties nine of the i>ond ordin,l auro stipulates that So percent of [Hue it'.oaa revenues of the ilectric •ttlllty are pledged to a bind fund. , 'tn'il the fund reaches |ho,. oo in tonal The section reads: "There Is hereby creat'd a speHU! fund for the payment of ihe, i ronds herein authorised, together att’i the interest thereon which shall be known as the Klectrlc Utility Hund Fund'. Twenty percent • of the groaa revenues of said j-li t trie utility system received on .nd after January 1, |»4U Is hereby I | 'ir.’Voi ably pledged to and shall be I set aside and paid Into said fund monthly as the same is collected I and received, escept as herein! I otherwise espreoely provided. Maid devtric utility tx.ud fund shall bel (Applied io the payvMnt of the prin npal of and interes- on the bond, I leaned pursuant to this otdlnanre. 1 and for no other purpose whats'.*' ji-ver except as h* efn omhvrwise l i*:xpies»ly provided. In the event all I matured bonds and coupons shall have been paid to date and th-: I amount then in said electric utility I bond fund ahal! equal eighty thousand dollars ttM.OOO). then the city shall not be requited to set aside and pay into said fund the perceu1 age gross revenues herein pledged. I • Kept to the eaten neoeoMfy to 1 maintain said fund at all times at I sa*d miiiiumum level, or to the ex- ' tent necessary to maintain ’he mini•nr u cash requirement ot said fund |as hereinafter provided, 'n th j ■ uv.nt that there shall be accumulated in said elecxric utility fuad. cash ia excess of the amount required t. meet the next two semi-annual ■;r. .nd pnmipa! payneuts on

th« bonds such evoces smeuat of cash mav be used for the purchase of outstanding bonds of the Issue l.rrclu authorised at a prl * not to ■Kred the par value of th< bonds so purchased. All lends purchased. Ute proceeds thereof and the Inter sSt collected thereon, shall to-cotne u part ot and shall be held tor the benefll of said eleetric sillily bond fil'd, and shall be considered, at par value, in computing the minimum level requirements of said fund, except as htreln itherwlsa provided. In the event an/ of the iKiiids so purchased, or tbs .nterest I 'oupona attached thereto. <ball mv| i tore when held ss a part of said I electric utility bond fund, the same shall be cancelled promptly on the due of maturity, and such bonds shall no kiager be taken into consideration in computing Ute mlni-i num level requirements of Sal d i fund The rlty shall have the right ; 'o re-aell bonds purchased lor and held by the electric utility bond I fund, provided they shall not be due and that all p>oceedsj 7thereof shall be pliced In and borot a part of said fund If required to maintain said fund at the requir’d minimum level herein provided. Nothing herein contained, however. ' ‘ball be construed aa den/lng the ' right of the bond-holders to require I the setting aside and payment Into the electric utility bond fund ot the full twenty percent (!0%) M 1 groaa revenue hereby pledged, in the event such ameuot of said re- ■ venues is required tc meet and pay the bonds and Inteieat I her eon as , the same become due; or M requlri cd to build up or maintain the elect| trie utility bond fund to the mini- ■ mum level requirements of eighty ■ thousand dollars i|xti.oou); or is reI qalred to build up or mad rain the timiutmuni cash requirement of said ■ I fund aa hciclnbefore provided, vis; I to a sum equal to* aa amoent aaf-i llfvcient to pay the next two semi- | annual interest payments „»d the i neat two semi-aanua. prine pal payments ”ln the event all -equlrements of II the electric utlitty i-oud fund have 11 teen met to das<- and all matured 11 '.made sad Interest coupons have I been paid, and the accumulated II :evenues of said electrie utility I! shall Im- in an amount in «areas of I ! the amount reasonably required to I meet the current operating and I: maintenance coats of said utility, I th«n the ctnumon council may. with I the consent and approval of the t board of public works, trsn-fer and | wnpropriate all or any part of such | surplus to other lawful vrrporatc l| purposes of the city • The law firm of Mataou. Roes. II Me Cord and Clifford of todianapoUs. prepared the ordinance and all I; legal papers, necesa. ry In autboriv- ■ tug the issue. The firm will be r«e I tabled to pass on the transcript and I aPi rove the final acHon in the bond I issuance. The proposed tmtuovemmt of the I light and power plant Is estimated to cost *&>nhm>u in addition to the I (100.000 to be used from the bond | sale, the city has flon.VOo In U. 8. which it will

B. J. Smith Drug Co «o« cno ■ guteh “ at! plug ®' h, ‘ M ,poon»ul» cod to takw— »’ ■ iFBI n > kB 0 G ■UM £>mp«7 R uUS ■ Cvzvzv 65c ~|nex 59c ■ ree *2.00 s. s. s. * .79 FLOOR MOP wllh a • 00 ft Qr I, Gul. JohitMtn nhu ‘ (.L(MOAI & | n , n . fu n nlnt FLOOR POLISH 500 Farlitl ** S i Tiw.ur> A 1 V $1 CQ 39c 25c Hsof pmf s/ze Part test RUBBING ALCOHOL! anti 35 f pint size Pexa/t MILK OF MAGNESIA | z/ For » tbort tuh* only yw Tr <•" buy this vpvcl.l tintBJR hiMtioit *t th* low grit* J W GH y»un »o» - - -

i thll. and hopes to have fioo.OOT In I rat h by the end ot the year, to «Pply on the halt miilt.'u dollar plant Improvement. Plans call tor a HAW KWH turbine, a S'lo pound high prMaure •■earn boiler and other equipment ! and remodeling of the present building. It Is one of the largest utility ■inprovementa ever made here, DECATVR WOMAN tCONTINUKD FROM PAOR ONK> tary; Mia. C. K. Hudson. Fort Wayne, literature secretary, extension secretary. Mrs Otto Long ■ enbergrr. Monroe; Wesleyan Service Guild. Mrs. C. C Smith. Auburn and anniversary leader. Mrs F K. Fribh-y. Miss Ruth Thomas, missionary ' from Portuguese, East Africa, was • the chief speaker at the meeting CRISIS IN BRIEF . tCONTINUMD FROM PAOK CMC) of 2" German u-boats sent to prv-y <ut allied shipping have returned to bases; war office reports quiet night on western front with Germans repulsed west of Raarbrueckeu. French and British airplanes claim to have shot down several German chasers Wednesday afternoon. French announce resumption of commercial sea navigation under protection of convoys and naval and aerial patrols HELSINGFORS: Reliable s quarters report Esthonla ac,l cepts Russian demands against advice of Esthouian military leaders but nature of demands t *“ not disclosed COPENHAGEN: Baltic nations follow closely tension be- , tween Russia and Esthonla In J hope ot finding clue to Soviet ,< foreign policy. NEUTRALITY BILL (CONTINVKD FROM FAME <»MB> I entrance ot submarines. » Diplomats believed the sone | prrwers. Including Fiance and Brit- , would Ire respected by all warring i ain if they were sure a violation j would bring a united economic I retaliation by the 21 republics , It was believed the 'safety f band' would take the form of a e “declaration of Panama. ' I The d<irgat<-s also considered a , resolution declaring that attempts c by belligerents to establish a “black list** of firms operating is ! pan American cities conaiitute aa unwarranted interference with I Ameilcan sovereignty. Ruch a list has been published by Great Britain. 1 q, U « I TODAY S COMMON ERROR t'l When two or more paraI graphs are quoted, place quot tat ion marks at the beginning I ■ of each one. but only at the end ot the last. ,

The World's Largest Selling Coffee Q 8 O’CLOCK iMßffig" x 3 “ 39 c IONA OXY’DOL or PEACHES RIN S O m No. 2>/, cans 25 C 1 arK ‘‘ 37® Giant Pkg, 53c AAP SOFT TWIST BREAD 3 zsc SALAD DRESSING, Ann qt 25c CHERRIES, Red Sour Pitted .No. 2 can 10c CORN FLAKES, Sunnyfield 2 lire, ukjrs 15c GRAPEFRUIT JUICE K j a nt can 15c ( HIPSO, Flakes or (granules |ge. pkir. 19c KELLOGG’S CORN FLAKES 2 Ige. pkgs. 19c SPARKLE GELATIN DESSERTS 3 pkgs. 10c CORNED BEEF HASH, Mile Hightb can 10c TUNA FLAKES, Sultana 2 cans 21c CORNED BEEF, Aco Brand2—l2 oz. cans 33c TOMATOES, lona .3 No. 2 1 /> cans 25c SPRY or ( RISCO 3-lb can 48c PEANI T Bl TTER, Sultana2-lb jar 25c WALDORF TISSUE PAPER 4 rolls 15c APPLE BUTTER 7»/ 2 -lb jar 39c SI PER SI DS, Concentrated 2 Ige. pkgs. 37c CHEESE, Wisconsin Cream lb 19c WHITEHOUSE EVAPORATED MILK 4 cTn l s 23c OLEOMARGARINE, Sure Good tb 9c GRAPEFRUIT, Florida No. 2 can 10c SOAP CHIPS, Balloon 5-fb box 25c SCRATCH FEED. Daily Egg.1222122’100 lbs. 81.79 LAY ING MASH. Daily Egg 100 lbs. $2.29 DAIRY FEED 16'., Daily Milkloo tbs. $1.42 I'J'W ’s' l° na bag 61c GINGER ALE, Yukon, Plus Dep. 4 qts. 29c SUNNY BOY BLEACH, No Dep. 2 ots 17c FEUS NAITHA 50AP22222’”22 6 bars 25c PRUNES, California 4 Jbs 19c TOM ATOES or CORN, 10na2_222 4 No. 2 cans 25c JJl4i. Ann Page 14 * oz - h Ol - 10c SPAGHETTI or MACARONI3*Ib pkg. 19c LARD. Hy-Grade 4-Tb ctn 42c ( AMPBELLS TOMATO 50UP222222- 3 cans 22c PICKLES, Fresh Cucumber tall jar 10c MUSTARD, Harbauer J qt . 10c KIRKS FLAKEWHITE or P & G SOAP 3 BARS IOC 5 No * JONATHANS FAMOUS TOKAY APPLES GRAPES Lecxity Grewn. Full Bu,h,i gt 00 L K- a e Cluster. 10 11» 29 C I.b. 5c Meat Department The Lowest Possible Prices At All Times. Quality Always. I .ran • Sliced . |{inele-H B _ BACON Spring LAMB ■ . Shoulder Roasttb. 22c L,E 23C STEW lb. 12*ic VEAL STEW TENDER m 9 LEAN SWISS STEAK. Ih. ZJC TENDERIZED Picnic Hams •- - - lb 18c Bologna, Ring, large, lb. 12*/|C Bulk Peanut Butter,. 2 lbs. 25c Hearts, Beeflb. 13c Pure Lardl lbs. 4:ic Summer Sausage lb. 25c Cottage Cheese, creamed lb. 5c SIG AR Cl RED JOWL BACON lb 12? c Prime Steer Beef Beef Short Ribslb. 15c Roasts, very tender ... Ib. 21c Pickerel, freshlb. 18c Fresh Pork Brains, lb. 12»/ 2 c Halibut Steaklb. 23c

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