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indebtedness to be issued,and all required deposits to any reserve funds required by the Loan <br /> Contracts or by the lender(s)of any indebtedness having a lien on the Pledged Revenue. The <br /> analysis of revenues shall be based on the District's current rate structure or the rate structure <br /> most recently adopted, and no more than 10% of total revenues may originate from tap <br /> and/or connection fees. <br /> Section 12. Direction to Take Authorizing Action. The appropriate officers of the <br /> District and members of the Board are hereby authorized and directed to take all other actions <br /> necessary or appropriate to effectuate the provisions of this Resolution,including but not limited to <br /> such certificates and affidavits as may reasonably be required by CWCB. <br /> Section 13. Ratification and Approval of Prior Actions. All actions heretofore <br /> taken by the officers of the District and members of the Board,not inconsistent with the provisions <br /> of this Resolution,relating to the Financing Documents,or actions to be taken in respect thereof,are <br /> hereby authorized, ratified, approved, and confirmed. <br /> Section 14. Repealer. All acts,orders,ordinances,or resolutions,or parts thereof, <br /> in conflict herewith are hereby repealed to the extent of such conflict. <br /> Section 15. Severability. Should any one or more sections or provisions of this <br /> Resolution be judicially determined invalid or unenforceable, such determination shall not affect, <br /> impair,or invalidate the remaining provisions hereof,the intention being that the various provisions <br /> hereof are severable. <br /> Section 16. Inconsistencies. In the event of any inconsistencies between this <br /> resolution and the Loan Contracts, this resolution is controlling. <br /> Section 17. Resolution Irrepealable. After said Promissory Note is issued, this <br /> Resolution shall be and remain irrepealable until said Promissory Note and the interest thereon shall <br /> have been fully paid, satisfied and discharged. <br /> 7 <br />