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the improvements or additions to be made to the equipment for such revenue-producing utility shall consist of works and facilities for the production, storage, transmission and distribution of water, including water storage reservoirs, water wells, pumping and pressure regulating stations, water transmission and distribution mains, capacity rights in works and facilities to be used Jointly with other public corporations, facilities of existing water companies; and for the foregoing appurtenances and appurtenant works, and including the acquisition of all water rights, lands, ease- ments, pipe, pumps, and other property necessary therefor; the estimate of the cost of the foregoing purpose being $6,950,000; the regulations and pro- cedures for the sale and issuance of such bonds to be as set forth in the Revenue Bond Law of 1941 (Chapter 6, Part l, Division 2, Title 5 of the Government Code of the State of California); and the provision to be made from the revenue of suc~ revenue-producing utility for the payment of interest on, and retirement of, the bonds to be that said bonds are secured by and are payable from all of the revenues of said utility as now or hereafter constituted, all as more particularly set forth in said Revenue Bond Law of 1941. Section 3. That the estimated cost of such acquisition and construction is $6,950,000. That the maximum principal amount of the bonds proposed to be issued is $ 6,950,000 That the maximum rate of interest to be paid on said bonds shall not 2.