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M <br />r <br />iiV r <br />d <br />leo t,..,C <br />�v0 3,dph 1S`ietS a:id prG,;er.'t Y/ <br />sell �:. -'piiS ise.:.C'.Ji.G in Ssxn :.Jit A which <br />�v ), arid; any''pt'rmit Fsa ilC@rib es, <br />A. <br />ou..er property ra. zhtS Which, they i.aVi-7.and Wh1. ch <br />,. <br />a:.."', neceN3ary for the locat:i.on,"`operat.idn and repair of such:,. <br />` .. <br />Sewer.p.ipes. : <br />2.02. Federal Grant. The Boardhas taken over.^.; <br />.1ro.,, W.O.N.-E. as part of its assets, all of its rights in, <br />and to an application to the Feder&A Water Pollution Control <br />kdminist-ratior: of the United States Department`.: of the Interior <br />J. <br />("row 'FWQ,?) dated March 22, 1968 for .a grant of funds not to <br />exceed $510,000 to be used to pay costs of. acquisition of the <br />Interceptors. ursuant-to the application, -a grant" of $432,14,- k ' <br />was approved on March 4, 1969a and an increase in the grant to ' q,s <br />y474a330 Was .a ; <br />pproved on March 131969. As of September 31, <br />1971, W.0.N.E. had received $342,700 of the grant, leaving .an <br />unpaid balance subject to final audit of $131,630. Such balance <br />will be paid directly to the Board. The Board is obligated to n <br />use such grant funds to pay .costs 'of", <br />acquisition of the InterW <br />ceptors. Such costs have been paid by the Municipalities and r <br />the Board will therefore reimbursq't�ie:Mun oipalities for <br />.t <br />these costs up to the amount of the, grant funds received. <br />Section 3. Financing off" Capital Costs. <br />3.01. Bonds Issued. The' Municipalities have . <br />r <br />2' <br />