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� � <br />completed until it completes repayment to the State, in at <br />least the following amounts: <br />a. For any injury to o � s ' T si le <br />occurrence the m f Dollars <br />( �; 696�J°[,y� 00��'�� <br />b. FoL any injury to two or mor pe n�,i���y <br />sinqle occurxence ° �um o r " µ '"� r�' <br />( ' . ''�,yDD,���� <br />c. For any damaqe to property, the sum of Four <br />Hundred Thous�nd Dollan�� OO,Q00) -€-���Govyb��r{� <br />�='��i� . S� tir �c �, � ++t � / f1�.1 <br />r� <br />Said � n ra l�i ���� rance shall name the State <br />as a . copy of a certificate of said <br />liability insurance must be filed with the State prior <br />to the start of the operation of the project system. <br />Such cectificate shall be incorpocated herein as part <br />of this contract. <br />8. Make the services of said project available within its <br />capacity to all persons in the Contractor's service acea <br />without disc=imination as to cace, color, reliqion, or natural <br />oriqin at reasonable charqes (includinq assessments, taxes, or <br />fees), whether fot one or more classes of service, in <br />accordance with a schedule of such charges formally adopted by <br />the Contcactor throuqh its elected officers, as may be modified <br />from time to time. The initial rate schedule must be approved <br />in writinq by the State. Thereafter, the Contractor may, <br />subject to the appcoval of the State, make such modifications <br />to the cate schedule as the Contractor deems necessary to <br />efficiently and economically provide for the financial <br />requirements of the system, inclu� Lepayment of the State, <br />as lonq as the rate schedu�= m i s reasonabl� and <br />non-discriminatory. <br />9. Pursuant to its cit c e�� a�st its operatinq <br />costs and service charq ��E.� sments from time to <br />time as necessary, upon� e otice from the State, to <br />provide sufficient funds for adequate operation and <br />maintenance, emerqency repair services, obsolescence reserves, <br />and debt reserves, and to assure repayment of the project loan <br />to the State as ptovided herein. <br />10. Pursuant to its city charter and to state statutes, the <br />Contractor shall take all necessary actions consietent <br />therewith to adopt an order ot resolution authorizinq the <br />Contractoc to contract this loan debt, and to pay the <br />indebtednese. Such otders shall be attached hereto as Exhibit <br />C and included herein. The Contractor, throuqh a vote of the <br />city council, shall also authorize the wa=ranty deed security <br />interest cequired by the State in paLagraph A.14. below. The <br />above conditions must be perfocmed by the Contractor prior to <br />the State performance under this contract. <br />11. Pursuant to its city charter and to state statutes, the <br />Cor.tractor, throuRh its city co*±�cil, shall take all r_ecessa=y <br />actions consistent theLewith to fix utility rates to raise <br />sufficient funds to pay this contract loan debt in a timely <br />manner and as required by the terms and conditions herein to <br />assure repayment of the project loan to the State. In the <br />event that the utility rates levied by the Contractor, or the <br />�evenues resultinq therefrom, are oL become insufficient to <br />assure repayment to the State as required by the terms and <br />conditions herein, then the Contractor, upon written notice <br />thereof from the State, shall immediately take all necessary <br />action consistent with its city chartet, includinq but not <br />limited to the levyinq of taxes, to raise sufficient cevenue to <br />assure repayment of the project loan to the State. <br />Paqe 3 of 10 Paqes <br />