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WHEREAS in order satisfactorily to finance the acquisi- <br />tion through construction or through purchase by condemnation or <br />negotiation of additions, extensions and improvements to the Water <br />and Sewer System of said city it is necessary to refund the out- <br />standing 1973 Bonds; and <br />WHEREAS notice of the proposed adoption of this ordinance <br />has been published at least once in the Evening Herald formerly known <br />as the Sanford Herald, a newspaper of general circulation in the <br />City of Casselberry at least 14 days prior to the date of adoption <br />hereof in accordance with Section 166.041(3)(a) of the Florida <br />Statutes as enacted by Chapter 73-129 Laws of Florida, 1973 Regular <br />Session, said notice reading in full as follows: <br />NOTICE OF PROPOSED ENACTMENT OF ORDINANCE <br />Notice is hereby given that the City Council of <br />the City of Casselberry, Seminole County, Florida proposes <br />to enact an ordinance entitled: <br />ORDINANCE providing for the refunding <br />of certain Water and Sewer Revenue <br />Bonds and the acquisition of addi- <br />tions, improvements and extensions <br />to the Water and Sewer System of the <br />City of Casselberry; authorizing the <br />issuance of Water and Sewer Revenue <br />Bonds, Series 1974, of the City of <br />Casselberry to the aggregate principal <br />amount of $9,000,000 in connection <br />therewith, and providing for the pay- <br />ment of such revenue bonds solely <br />from the net revenues of said Water <br />and Sewer System and, to the extent <br />provided, from the proceeds of the <br />utilities tax of said city. <br />-2- <br />