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upr000097-063
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    Ordinance No 30259 Sheet 4 Section 2. That Section || Ordinance numbered 30206 of the t ity of Kansas City, Kansas, passed and ap­proved November 1. 193S, is hereby amended to read as follows: "Section 13. That the t.ity of Kan­sas City, Kansas, sha'l. and said City hereby covenants and agrees that it will maintain in good repair and working condition the Public I*evee of said City and will operate the same in an efficient manner and at reasonable cost so long as any Public J.evee Terminal Revenue Bonds of said City remain out­standing, provided, however, that nothing herein or in this Ordinance contained shall be construed as im­posing on said City any obligation to levy any taxes to pay the principal of or interest on said Revenue Bonds. So long as any of said j Revenue Bonds remain outstanding, said City will as an operating cost of the Public Levee maintain ade­quate insurance on the insurable parts of the Public Levee against the hazards of fire, lightning, tornado and explosion, and. in the event of loss or damage, will use the pro­ceeds of such insurance in replacing and reconstructing such of the facil­ities as may have been damaged or. destroyed, if such replacement and reconstruction is deemed by the governing body of the t tty to be reasonably necessary. If replacement and reconstruction is not deemed reasonably necessary by the govern­ing body of the City, then the pro­ceeds of such insurance recovered shall be deposited in the Public Levee Terminal Revenue Bond Fund and used for the purpose specified in < Section 10 of this Ordinance.’' Section 3. That original Sections 7 and 13 of said Ordinance Numbered 30206 of the City of Kansas City. Kansas, are hereby cancelled, annulled, rescinded and repealed. Section 4. This ordinance shall take effect and be in full force from and after its passage, approval and publication in The Kansas City Kansan, the official Citv paper. . . Passed by the Board of Commission­ers of the City of Kansas City, Kansas, this 10th day of November. 1938, HOWARD PAYNE. City Clerk. Approved November 10. 1938. GEO. T. DARBY. President of Board of‘Commis­sioners and Acting Mayor. (First published Nov. 12. 193,8—It.) mm 4 9