Approving the form and authorizing the execution and delivery of
an agreement of lease to be dated as of December 1, 1968, between
the Municipal Authority of the Borough of Mifflinburg, as lessor,
and the Borough, as lessee of the sewer system as heretofore acquired
and as hereafter to be constructed by authority, in and for the Borough
of Mifflinburg; authorizing the payment of rentals by the Borough
under the terms of the lease; consenting to and approving the assignment
of the lease to the Mifflinburg Bank and Trust Company, as trustee
under an indenture to be dated as of December 1, 1968, securing Sewer
Revenue Bonds — Series of 1968 issued for the purpose of certain
construction and for the purpose of refunding Sewer Revenue Bonds
— Series of 1950; agreeing to the cancellation and termination
of a certain agreement of lease dated as of May 1, 1950. (Ord. 263,
12/9/1968) (For agreement of lease cancelled by this ordinance, see
Section 9-4, above.)