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<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 Tbousand Dollars ($400.000) for each <br />occurrence. <br /> <br />, <br />Said general liability insurance shall ,~$the State <br />as a co-insured. A copy of a certif~~~~e d~~said . <br />liability insurance must b: fil~rt~~~e ~K~te prior <br />to the star~ of the operatlefn of ~~~ p~Q~ec~;',~ystem. <br />Such ~ertiflcate sha~l be ~8orpo!\~'~:~d ~perelp.'.'as part <br />of thl~ contrac~.~~~:~l~iF~~ r\~~::~' \'.' ". '.. .,- <br /> <br />8. Make the services '&.i~~:,~~id pro'jeG(.__av~iia'ble within its <br />c~paci ty ~o a~l. per~ons in \~~ Contf~ct-or-i s s~ryice area <br />wlthout dlSCtlmlnatlOn as to:.~:r:ace. 'color. rel:191on. or natural <br />origin at reasonable chargeti!....(i.ncluding asses6ments. taxes. or <br />fees). whether for one or more classes of ser~ice. in <br />accordance with a schedule of such charges fotmal1y 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. Thereafter. the Contractor may. <br />subject to the approval of the State. make su~h modifications <br />to the rate schedule as the Contractor deems necessary to <br />efficiently and economically provide for the financial <br />requirements of the system. including repayment of the State. <br />as long as the rate schedule remains reasonable and <br />non-discriminato~y. <br /> <br />9. Pursuant to its Bylaws. 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 herein. <br /> <br />10. Pursuant to its Articles of Incorporation and to its <br />Bylaws. inclUding. but not limited to Article V. have the Board <br />of Di~ectors take all necessary actions consistent therewith to <br />adopt an order or resolution authorizing the contractor to <br />contract this loan debt. and authorizing the president and the <br />Secretary to pay the indebtedness. Such orders shall be <br />attached hereto as Exhibit C and included here~n. The <br />Contractor. through a majority vote of the Boa~d of Directors. <br />shall also authorize the warranty deed security interest <br />required by the State in paragraph A.14. below. The above <br />conditions must be performed by the Contractor prior to the <br />State performance under this contract. <br /> <br />11. Pursuant to its Articles of Incorporation and to its <br />Bylaws. the Contractor. through its Board of Directors. shall <br />take all necessary actions consistent therewith to levy <br />assessments to raise sufficient funds to pay this contract loan <br />debt in a timely manner and as required by the terms and <br />conditions herein to assure repayment of the project loan to <br />the State. In the e~ent that the assessment(s) levied by the <br />Contractor. or the revenues reSUlting therefrom. are or become <br />insufficient to assu~e repayment to the State as required by <br />the terms and conditions herein. then the Contractor. upon <br />written notice thereof from the State. shall immediately take <br />all necessary action consistent with its Bylaws. including but <br />not limited to additional assessments. to raise sufficient <br />revenue to assure repayment ot the project loan to the state. <br /> <br />Page 2 of 10 Pages <br />