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<br />until it completes repayment to the State, in at least the <br />following amounts: <br /> <br />a. For any <br />occurrence, the <br />($150,000) . <br /> <br />injury to one person in any single <br />sum of One Hundred Fifty Thousand Dollars <br /> <br />b. For any injury to two or more persons in any single <br />occurence, the sum of Four Hundred Thousand Dollars <br />($400,000) . <br /> <br />c. For any damage to property, the sum of Four Hu~dred <br />Thousand Dollars ($400,000) for each occurrence. <br /> <br />Said general liability insurance shall name the State as <br />a co-insured. A copy of a certificate of said liability <br />insurance must be filed with the State prior to the start <br />of the operation of the project system. Such certificate <br />shall be incorporated herein as part of this contract. <br /> <br />\ <br />\ <br />I <br />i <br /> <br />8. Make the services of said project available within its <br />capacity to all qualified persons in the contractor's service area <br />without discrimination as to race, color, religion, or natural <br />origin at reasonable charges (including assessments, taxes, or <br />fees), whether for one or more classes of service, in accordance <br />with a schedule of such charges formally adopted by the Contractor <br />through its stock holders, as may be modified from time to time. <br />The initial rate schedule must be approved in writing by the State <br />before any such charges are initially assessed. Thereafter, the <br />Contractor may, subject to the approval of the State, make such <br />modifications to the rate schedule as the Contractor deems <br />necessary to efficiently and economically provide for the financial <br />requirements of the system, including repayment of the State, as <br />long as the rate schedule remains reasonable and non- <br />discriminatory. <br /> <br />9. <br /> <br />Pursuant to its By-Laws, adjust its operating costs and <br />and levy assessments from time to time as <br />written notice from the State, to provide <br />for adequate operation and maintenance, emergency <br />obsolescence reserves, and debt reserves, and to <br />of the project loan to the State as provided <br /> <br />service charges <br />necessary, upon <br />sufficient funds <br />repair services, <br />assure repayment <br />herein. <br /> <br />10. Pursuant to its Articles of Incorporation and to its By- <br />Laws, have its stockholders take all necessary actions consistent <br />therewith to adopt an order or a resolution authorizing the <br />Contractor to contract this loan debt, and authorizing the <br />President and the Secretary to pay the indebtedness. Such orders <br />shall be attached hereto as Exhibit A and included herein. The <br />Contractor, by a majority vote of its stockholders, shall also <br />authorize the warranty deed security interest required by the State <br />in paragraph A.14. below. Such authorization shall be attached <br />hereto and incorporated herein as Exhibit B. The above conditions <br />must be performed by the Contractor prior to the State performance <br />under this contract. <br /> <br />11. Through a majority vote of its stockholders and pursuant <br />to its Articles of Incorporation and to its By-Laws, take all <br />necessary actions consistent therewith to levy assessments to raise <br />sufficient funds to pay this contract loan debt in a timely manner <br />and as required by the terms and conditions herein to assure <br />repayment of the project loan to the State. In the event that the <br />assessment (s) levied by the Contractor, or the revenues resulting <br />therefrom, are or become insufficient to assure repayment to the <br />State as required by the terms and conditions herein, then the <br />Contractor, upon written notice thereof from the State, shall <br />immediately take all necessary action consistent with its By-Laws, <br />including but not limited to additional assessments, to raise <br /> <br />Page 3 of 1Q pages <br />