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Said general liability insurance shall name the State as a co-insured. A copy of a certificate of said liability insurance must be filed with the State prior to the start of the operation of the project system. Such certificate shall be incorporated herein as part of this contract. 3. Make the services of said project available within its capacity to all qualified persons in the Contractor'S service area without discrimination as to race. color. religion. or I natural origin at reasonable charges (including assessments or fees). whether for one or more classes of service. in accordance with a schedule of such charges formally adopted by the Contractor through its Board of Directors. as may be modified tram time to time. Provided. however. that the Contractor shall not be required to allow pUblic access to or use of Meadow Creek Reservoir for recreational or any other purposes. Thereafter. the Contractor may. subject to the approval of the State. make such modifications to the rate schedule as the Contractor deems necessary to efficiently and economically provide for the financial requirements of the system. including repayment or the State, as long as the rate schedule remains reasonable and non~discriminatory. The Contractor intends to meet all financial requirements of the project through charges to the users of the water stored in and delivered from project facilities. and shall not levy ad valorem taxes in order to make the payments required he~ein. 4. Pursuant to its Rules and Regulations and pursuant to Sections 37-45-121 through 37-45-126. CRS (1973 and 1989 Supp.). adjust its operating costs and service charges and levy and collect taxes and special assessments from time to time as necessary. upon written notice from the State. to provide sufficient funds for adequate operation and maintenance. emergency repair services. obsolescence reserves. and debt reserves. and to assure repayment of the project loan to the State as provided herein. If such assessments are not paid. then the Contractor shall use all lawful measures to collect such assessments, including proceedings under Section 37-45-129. CRS (1973). and under Article 7. Section 7,4. of the Contractor1s Rules and Regulations. 5, Pursuant to its Rules and Regulations. have its Board of Directors take all necessary actions consistent therewith to adopt an order or a resolution authorizing the Contractor to contract this loan debt. and authorizing the Chairman and Secretary-Treasurer to pay the indebtedness. Such orders shall be attached hereto as Exhibit C and included herein. The Contractor. through a majority vote of a quorum of its Board of Directors. shall also authorize the warranty deed security interest required by the State in paragraph B,9, below, Such authorization shall be attached hereto and incorporated herein as Exhibit D. In accordance with the Contractor1s Rules and RegUlations. Article 3. Section 3.3. a vote of the allottees regarding the above actions of the Board of Directors shall take place and verified evidence of the results shall be attached hereto and incorporated herein as Exhibit E. The above conditions must be performed by the Contractor prior to the State performance under this contract. 6. Pursuant to Sections 37-45-121 through 37-45-126. CRS (1973 and 1989 Supp.). and to its Rules and Regulations, through its Board of Directors. take all necessary actions consistent therewith to levy assessments to raise sufficient funds to pay this contract loan debt in a timely manner and as required by the terms and conditions herein to assure repayment of the project loan to the State. In the event that the assessment(s) levied by the Contractor. or the revenues resulting therefrom. are or become insufficient to assure Page 2 of ~ Pages