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<br /> <br />All rights of SECURED PARTY hereunder shall inure to the benefit of its successors and <br />assigns; and all promises and duties of DEBTOR shali bind its heirs, executors or <br />administrators or its successors or assigns. If there be more than one DEBTOR, their <br />liabilities hereunder shall be joint and several. <br /> <br />Dated this 1st day of March 2002. <br /> <br />SEAL <br /> <br />DEBTOR: City of Idaho Springs, acting by and <br />through the City of Idaho Springs Water Activity <br />Enterprise <br /> <br />ATTEST: <br /> <br />