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10. Make the secvic(!s of said pcoj(~cl: available within its capacity to all persons in the Contractoc'li !iHcvice area without ni:-;crilllination (:Hi to race. color. religion. or natural origin at reasonable charges (inClUding asneHHments. taxes. or fees), whether for one or more classes of riecvice, in accordance with a schedtJll~ ()f Huch chacYltH f()rmally anopted by the Contrac:toc t.hrough its elect.ed officerH. iiH Illay be modified from time to time. The initial cate schedule must be approv,ed in writing by the State. Th(HeaEU~r.. the Cont.r.act.oC' may. subject to the approval of the 51.ale. make slJch modification~ to the rate schedllle as the Contractor deems necessary to effi,cierltly and economically provide for the financial requirements of the system. including repayment of the State. as long as the rate schedule remains reasonable and non-discriminatory. 11. Pursuant to its By-Laws. adjust its operating costs and service charges and luvy assessmenl:R fr()1ll I:ime to I:ime as necessary. upon written notice from the State. to provide HIJfficient flJndR for adequat.e operatl,on and maintenance. emergency repair services, obsolescence reserves. and debt rcn(!rvos. and to nfiHtJre repayment of the project l()~rl 1.0 the State as provided herein. 12, Pursuant to it~ Articles of Incorporation and to its By-Laws. the Board of Directors of the Contractor shall take all ne(:ossary actions (:onsistent l:herewith to adopt an order or resolution authorizing the Contractor to contract this loan debt. and authorizing the President and the Secretary to pay the indebtedness. Such orders shall be attached hereto as Exhibit E and included herein, The Contractor. through a majority vote of the stockholders. shall also authorj%8 the warranty deed security intnrest required by the State in paragraph B.16. below. Evidence of this vote Hhall be attached hereto as Exhibit G and included herein. The above condi~ions must be perfc)rmed by the Contractor prior to the State performance under this contract., -. 13. ~ursuant to its Articles of Incorporation and to ~ts By-Laws. the Contractor, through its stockholders shall take all necessary actions consjstent t.hp.~ewjl.h to levy aOflO!iSments to raise sufficient funds to pay thiH (:()rltract loan debt in a timely manner and as requiced by the terms and conditions herein to assure repayment of th~ project loan to the State, In the event that the dnG(!SSment(s) levied by the Contractor. or the revenues reSUlting therefrom. are or become insufficient to assure repayment of the State as reqlJired by the terms and conditions herein. then the Contractor. upon written notice thereof from the State. shall i~mediately take all necessary action consistent with its By-Laws. including but not limited to additional assessments, to raise sufficient revenue to assure repayment of the project loan to the State. 14. Provide the State with such periOdic reports as the State may reqlJire and permit periOdic inspections of its operations and accounts by a designated ceprnnentative of the State. 15. Repay to the State .the total principal sum of One Hundred Sixty-Nine Thousand Six Hundred Dollars ($169.600). which includes the project loan amount and the Three Thousand Dollars ($3.000) ffta~ibility report amount. togeth~r with interest at the rate of five percent (S\) per annum. said repayment to be made in constant ~rlrllJal installmHrltH of Nine Thousand Right Hundred Eighty-Four Dollar.s ann Twenty-Nine Cents ($9.B84.29) each, for fOC'ly (40) years. dB shown in Exhibit C. attached hereto and incorporated by reference herei.n. which first installment shall be dlJe and payable on the first day of the month next succeeding the month in which the SI:ate determinc~ that the project. has been substantially Page ~ of 10 Pages