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<br />-:-:--; <br /> <br />sufficient to pay the annual interest <br />of the Loan Contract pursuant to its <br />lawful indebtedness; and <br /> <br />and extinguish the principal <br />terms and to discharge this <br /> <br />Section 4. That the revenues generated by the Assessment(s) <br />(the "Assessment Revenues"), when collected, shall be applied only <br />towards repayment of the Loan Contract until the indebtedness is <br />paid and discharged; and <br /> <br />Section 5, That the Board of Trustees hereby authorizes the <br />Borrower to set aside the assessment revenues in a special fund <br />separate and apart from other Borrower revenues to assure repayment <br />of this revenue to the State; and <br /> <br />Section 6. That the Board of Trustees hereby authorizes the <br />Borrower to execute a Security Agreement creating a security <br />interest in the Assessment Revenues in favor of the State to secure <br />the repayment; and <br /> <br />Section 7, That this orainance shall be irrepealable until <br />the Loan Debt is fully paid or discharged, <br /> <br />INTRODUCED, PASSED, APPROVED AND ADOPTED on this 1Jfi:i _ gay <br />of 'n,"",~- , 1994, by a vote of ~ for and --I-- <br />against. <br /> <br />ATTEST: <br /> <br />TOWN OF MONUMENT <br /> <br />~t1A ~ ~k <br />Susan C, Haight, n Clerk <br /> <br />ff~#: U/W..- <br /> <br />Charles H, Wilson, Mayor <br />