The Board shall be charged with the responsibility of carrying out all the duties, obligations and requirements of existing bond issues affecting the water and sewerage utilities and shall comply with the provisions thereof for and on behalf of the City. However, this provision shall not be interpreted to relieve the City of the performance of its contract under the bond issues but merely provides a method of carrying out the obligations thereunder through the Board.
(Ord. BG80-63, S27-37, 7/15/80; Ord. BG2001-5, 2/20/2001; Ord. BG2014-11, 6/3/2014)