Laserfiche WebLink
55394.00068\42092413.3 <br /> <br />TABLE OF CONTENTS <br />(continued) <br />Page <br /> <br /> -ii- <br /> <br />SECTION 6.07. MAINTENANCE AND OPERATION OF THE WATER SYSTEM; <br />BUDGETS ..................................................................................................... 20 <br />SECTION 6.08. AMOUNT OF RATES AND CHARGES; RATE STABILIZATION <br />FUND. ............................................................................................................ 20 <br />SECTION 6.09. PAYMENT OF CLAIMS ................................................................................. 21 <br />SECTION 6.10. COMPLIANCE WITH CONTRACTS ............................................................ 21 <br />SECTION 6.11. INSURANCE. ................................................................................................... 21 <br />SECTION 6.12. ACCOUNTING RECORDS; FINANCIAL STATEMENTS AND <br />OTHER REPORTS. ....................................................................................... 22 <br />SECTION 6.13. PROTECTION OF SECURITY AND RIGHTS OF THE AUTHORITY ....... 22 <br />SECTION 6.14. PAYMENT OF TAXES AND COMPLIANCE WITH <br />GOVERNMENTAL REGULATIONS ......................................................... 22 <br />SECTION 6.15. COLLECTION OF RATES AND CHARGES; NO FREE SERVICE ............ 23 <br />SECTION 6.16. EMINENT DOMAIN PROCEEDS .................................................................. 23 <br />SECTION 6.17. TAX COVENANTS ......................................................................................... 23 <br />SECTION 6.18. FURTHER ASSURANCES ............................................................................. 23 <br />SECTION 6.19. OPERATE WATER SYSTEM ......................................................................... 23 <br />SECTION 6.20. ADDITIONAL COVENANTS......................................................................... 24 <br />ARTICLE VII <br />PREPAYMENT OF INSTALLMENT PAYMENTS <br />SECTION 7.01. PREPAYMENT OF INSTALLMENT PAYMENTS ...................................... 24 <br />ARTICLE VIII <br />EVENTS OF DEFAULT AND REMEDIES OF THE AUTHORITY <br />SECTION 8.01. EVENTS OF DEFAULT AND ACCELERATION OF MATURITIES ......... 24 <br />SECTION 8.02. APPLICATION OF NET SYSTEM REVENUES UPON <br />ACCELERATION ......................................................................................... 25 <br />SECTION 8.03. OTHER REMEDIES OF THE AUTHORITY ................................................. 25 <br />SECTION 8.04. NON-WAIVER ................................................................................................. 25 <br />SECTION 8.05. REMEDIES NOT EXCLUSIVE ...................................................................... 26 <br />ARTICLE IX <br />DISCHARGE OF OBLIGATIONS <br />SECTION 9.01. DISCHARGE OF OBLIGATIONS .................................................................. 26 <br />ARTICLE X <br />MISCELLANEOUS <br />SECTION 10.01. LIABILITY OF CITY LIMITED TO SYSTEM REVENUES ...................... 26 <br />  <br />  <br />City Council 38 – 13 6/4/2024