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//r ' ''' ' <br /> 410 0 <br /> paragraph A. 14. below. The Contractor shall maintain <br /> comprehensive general liability insurance covering the <br /> management, operation, and maintenance of the project from the <br /> time it accepts the constructed project as substantially <br /> completed until it completes repayment to the State, in at <br /> least the following amounts : <br /> a . For any injury to one person in any single <br /> occurrence, the sum of Five Hundred Thousand Dollars <br /> ($500,000) . <br /> For any injury to two or more persons in any <br /> VI4ug gle occurrence, the sum of One Million Dollars <br /> . '77. 1,000,000) . <br /> AI any damage to property, the sum of Four <br /> 4s.., V Thousand Dollars ($400, 000) for each <br /> utrence. <br /> Said general liability insurance shall name the State <br /> as a co-insured. 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 certificate shall be incorporated herein as part <br /> of this contract. <br /> 8 . Make the services of said project available within its <br /> capacity to all qualified persons in the Contractor ' s service <br /> area without discrimination as to race, color, religion, or <br /> natural origin at reasonable charges (including assessments, <br /> taxes, or fees) , whether for one or more classes of service, in <br /> accordance with a schedule of such charges formally adopted by <br /> the Contractor through its shareholders, as may be modified <br /> from time to time. The initial rate schedule must be approved <br /> in writing by the State before any such charges are initially <br /> assessed. Thereafter , the Contractor may, subject to the <br /> approval of the State. make such modifications to the rate <br /> schedule as the Contractor deems necessary to efficiently and <br /> economically provide for the financial requirements of the <br /> system, including repayment of the State, as long as the rate <br /> schedule remains reasonable and non-discriminatory. <br /> 9 . Pursuant to its By-laws, adjust its operating costs and <br /> service charges and seek from its shareholders sufficient <br /> annual assessments from time to time as necessary, upon written <br /> notice from the State. to provide sufficient funds for adequate <br /> operation and maintenance, emergency repair services, <br /> obsolescence reserves, and debt reserves, and to assure <br /> repayment of the project loan to the State as provided herein. <br /> Should the shareholders fail to set such assessments, the <br /> Contractor shall establish adequate assessments for purposes of <br /> this Contract pursuant to section 7-42-104 (2) , C.R.S. (1986) . <br /> 10. Pursuant to its Articles of Incorporation and to its <br /> By-laws, have its Board of Directors take all necessary actions <br /> consistent therewith to adopt an order or resolution <br /> authorizing the Contractor to contract this loan debt, and <br /> authorizing the President and the Secretary-Treasurer to pay <br /> the indebtedness . Such orders shall be attached hereto as <br /> Exhibit A and included herein. The Contractor , through a <br /> majority vote of its Board of Directors, shall also authorize <br /> the Deed of Trust security interest required by the State in <br /> paragraph A. 14 . below. Such authorization shall be attached <br /> hereto and incorporated herein as Exhibit B. The Contractor, <br /> through a majority vote of the shareholders shall also <br /> authorize the Deed of Trust security interest required by the <br /> State in paragraph A. 14. below, and shall approve the <br /> contracting of this loan debt for the principal sum of <br /> Sixty-Five Thousand Dollars ($65, 000) , its repayment by the <br /> President and the Secretary-Treasurer, the levying and pledging <br /> Page 3 of 14 Pages <br /> I <br />