The Clerk-Treasurer is authorized and directed to have said bonds prepared, and the President of the Town Council and the Clerk-Treasurer are authorized and directed to execute the bonds in the form and manner herein provided. The Clerk-Treasurer is authorized and directed to deliver the bonds to the purchaser thereof, provided that at the time of the delivery the Clerk-Treasurer shall collect the full amount which the purchaser has agreed to pay therefore, which shall not be less than the face value of the bonds, plus accrued interest from the date thereof to the date of delivery. The bonds herein authorized, when fully paid for and delivered to the purchaser, shall be the binding special revenue obligations of the town, payable out of the revenues of the sewage works to be set aside into the Sewage Works Sinking Fund as herein provided, and the proceeds derived from the sale of the bonds shall be and are set aside for application of the cost of acquisition, construction and installation of the sewage works hereinbefore referred to, and the expenses necessarily incurred in connection therewith. The proper officers of the town are directed to draw all proper and necessary warrants, and to do whatever acts and things which may be necessary to carry out the provisions of this ordinance.
(1989 Code, § 32.07) (Ord. SB-83, passed 9-21-1983)