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Section 2. That the City of Casselberry shall refund <br />the outstanding 1973 Bonds. In addition, the City of Casselberry, <br />acting through its City Council, hereby authorizes the acquisition <br />through construction of additional facilities or through purchase <br />by condemnatirn or negotiation of the Consumer Utilities System <br />and the Indian Hills System, of improvements and extensions of <br />its Water and Sewer System in accordance with the plans and <br />specifications to be prepared therefor by Clark, Dietz & Asso- <br />ciates, Engineers, Inc. of Sanford, Florida, as said plans and <br />specifications may from time to time be amended or revised with <br />the consent of the City Council. <br />Section 3. That for the purpose of refunding the 1973 <br />Bonds and for the purpose of paying part of the cost of making <br />improvements and extensions to the Water and Sewer System of the <br />city by construction or by purchase or condemnation of existing <br />facilities and land and interests therein, including the payment <br />of capitalized interest, the capitalization of a reserve for <br />principal and interest, and all engineering, fiscal, legal and <br />other expenses properly incident thereto and to the issuance of <br />Bonds herein authorized, there shall be and there are hereby authorized <br />to be issued as hereinafter provided the Water and Sewer Revenue <br />Bonds, Series 1974, of said city in the aggregate principal amount <br />-10- <br />