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<br />incurred .by the State as a result of the State's interest in <br />the project facilities and any other property identified in <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 />leas't the following amounts: <br /> <br />a. For any injury to one person in any single <br />occurrence, the sum of Five Hundred Thousand Dollars <br />($500.000) . <br /> <br />b, For any injury to two or more persons in any <br />single occurrence. the sum of One Million Dollars <br />($1.000.000) . <br /> <br />c, For any damage to property, the sum of Four <br />Hundred Thousand Dollars ($400..000) for each <br />occurrence. <br /> <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 /> <br />8, Make the services of said proj"ect available within its <br />capacity to all qualified persons in the Contractor1s service <br />area' without discrimination as to race. color, religion, or <br />natural origin at reasonable charges (including assessments. <br />taxes, or fees), wha~her for one or more classes of service, in <br />accordance with a schedule. of such charges formally adopted by <br />the Contractor through its stockholders and/or elected <br />officers, as may be modified from time to time. The initial <br />rate schedule must be approved in writing by the State before <br />any such charges are initially as'sessed. Thereafter., the <br />Contractor may, sub}ect to the approval of the State. make such <br />modifications to the, rate schedule as the Contractor d"eems <br />necessary to efficiently and economically provide for the <br />financial requiremen~s of the system. including repayment of <br />the State, as long as the rate schedule, remains reas"onable and <br />non-discriminatory. <br /> <br />9. Pursuant to its By-Laws, adjust its operating costs and <br />service charges and levy assessments from time to time as <br />necessary, upon written notice from the State, to provide <br />sufficient funds for adequate operation and maintenance, <br />emergency repair services, obsolescence reserves, and debt <br />reserves, and to assure repayment of the project loan to the <br />State as provided he:rein. <br /> <br />10, Pursuant to its Articles of Incorporation and to its <br />By-Laws have the stock.holders and Board of Directors o"f the <br />Contractor take all necessary actions consistent 'therewith to <br />adopt an order or r:e:solution authorizing the Contractor to <br />contract this loan debt, and authorizing the President and the <br />Treasurer to pay the indebtedness, Such orders are attached <br />hereto as Exhibit A and included herein. The Contractor, <br />through a majority ~ote of the stockholders, shall also <br />authorize the deed of trust security interest required by the <br />State in paragraph A.14. below, Such authorization is attached <br />hereto and incorporated herein as Exhibit B. The ahove <br />condi ti-ons must be performed by the Contractor" prior to the <br />State performance under this contract. <br /> <br />11, Pursuant to 7-42-104. CRS. and its Articles of <br />Incorporation and By-Laws and as provided therein. the <br />Contractor, through either its stockholders or its Board of <br /> <br />Page 2 of 10 Pages <br />