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<br /> maturity pursuant to any applicable mandatory redemption requirements shall be deemed to be
<br /> maturing amounts of principal of such Revenue Bonds. The Issuer has reserved the right to issue,
<br /> not to exceed $9,900,000, as Revenue Bonds, for improvements and extensions to the System,
<br /> without complying with paragraph (b) of this Section.
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<br /> Section 26. GENERAL COVENANTS. The Issuer further covenants and agrees that in
<br /> accordance with and to the extent required or permitted by law:
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<br /> (a) Performance. It will faithfully perform at all times any and all covenants, undertakings,
<br /> stipulations, and provisions contained in this Ordinance, and each ordinance authorizing the
<br /> issuance of the Bonds, the Outstanding Bonds, and any Revenue Bonds; that it will promptly pay
<br /> or cause to be paid the principal of and interest on the Bonds, and any Revenue Bonds, on the
<br /> dates and in the places and manner prescribed in such ordinances and Bonds, the Outstanding
<br /> Bonds, and Revenue Bonds; and that it will, at the times and in the manner prescribed, deposit
<br /> or cause to be deposited the amounts required to be deposited into the Interest and Sinking Fund
<br /> and the Reserve Fund; and any holder of the Bonds, the Outstanding Bonds, and any Revenue
<br /> Bonds, may require the Issuer, its officials, and employees, to carry out, respect, or enforce the
<br /> covenants and obligations of this Ordinance, or any ordinance authorizing the issuance of Revenue
<br /> Bonds, by all legal and equitable means, including specifically, but without limitation, the use and
<br /> filing of mandamus proceedings, in any court of competent jurisdiction, against the Issuer, its
<br /> officials, and employees.
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<br /> (b) Le,iial AuthoritX. The Issuer is a duly created and existing home rule city of the State of
<br /> Texas, and is duly authorized under the laws of the State of Texas to create and issue the Bonds,
<br /> the Outstanding Bonds, and any Revenue Bonds; that all action on its part for the creation and
<br /> issuance of the said obligations has been or will be duly and effectively taken, and that said
<br /> obligations in the hands of the holders and owners thereof are and will be valid and enforceable
<br /> special obligations of the Issuer in accordance with their terms.
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<br /> (c) Title. The Issuer has or will obtain lawful title to the lands, buildings, structures, and
<br /> facilities constituting the System, that it warrants that it will defend the title to all the aforesaid
<br /> lands, buildings, structures, and facilities, and every part thereof, for the benefit of the holders
<br /> and owners of the Bonds, the Outstanding Bonds, and any Revenue Bonds, against the claims and
<br /> demands of all persons whomsoever, that it is lawfully qualified to pledge the Net Revenues to
<br /> the payment of the Bonds, the Outstanding Bonds, and any Revenue Bonds, in the manner
<br /> prescribed herein, and has lawfully exercised such rights.
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<br /> (d) Liens. The Issuer will from time to time and before the same become delinquent pay and
<br /> discharge all taxes, assessments, and governmental charges, if any, which shall be lawfully
<br /> imposed upon it, or the System, that it will pay all lawful claims for rents, royalties, labor,
<br /> materials, and supplies which if unpaid might by law become a lien or charge thereon, the lien
<br /> of which would be prior to or interfere with the liens hereof, so that the priority of the liens
<br /> granted hereunder shall be fully preserved in the manner provided herein, and that it will not
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