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constructed project as substantially completed until it <br />completes repayment to the State, in at least the following <br />amounts: <br />a. For any injury to one person in any single <br />occurrence, the sum of Five Hundred Thousand Dollars <br />($500,000). <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 />C. For any damage to property, the sum of Four <br />Hundred Thousand Dollars ($400,000) for each <br />occurrence. <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 />8. Make the services of said project available within its <br />capacity to all qualified persons in the Contractor's service <br />area without discrimination as to race, color, religion, or <br />natural origin at reasonable charges (including assessments, <br />taxes, or fees), whether for one or more classes of service, in <br />accordance with a schedule of such charges formally adopted by <br />the Contractor through its elected officials, as may be modified <br />from time to time. The initial rate schedule must be approved <br />in writing by the State before any such charges are initially <br />assessed. Thereafter, the Contractor may, subject to the <br />approval of the State, make such modifications to the rate <br />schedule as the Contractor deems necessary to efficiently and <br />economically provide for the financial requirements of the <br />system, including repayment of the State, as long as the ra6e <br />schedule remains reasonable and non-discriminatory. <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 herein. <br />lo. Pursuant to its Articles of incorporation and to its <br />By -Laws, have its Board of Directors take all necessary actions <br />consistent therewith to adopt an order or a resolution <br />authorizing the Contractor to contract this loan debt, and <br />Page 4 of 13 Pages <br />