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<br /> <br /> <br /> <br /> <br /> <br /> (e) If the then proposed bonds are to be Additional <br /> Bonds, provision shall be made in the ordinance authorizing <br /> their issuance for increasing the Reserve Fund to the <br /> Required Reserve Amount as required by Section 18 hereof. <br /> (f) That all calculations of principal and interest <br /> requirements of any bonds made in connection with the <br /> issuance of any then proposed Additional Parity Revenue <br /> Bonds shall be made as of the date of such Additional Parity <br /> Revenue Bonds; and also in making calculations for such <br /> purpose, and for any other purpose under this Ordinance, <br /> principal amounts of any bonds which must be redeemed prior <br /> to maturity pursuant to any applicable mandatory redemption <br /> requirements shall be deemed to be maturing amounts of <br /> principal of such bonds. <br /> Section 25. GENERAL COVENANTS. The Issuer further <br /> covenants and agrees that in accordance with and to the <br /> extent required or permitted by law: <br /> (a) Performance. It will faithfully perform at all <br /> times any and all covenants, undertakings, stipulations, and <br /> provisions contained in this Ordinance, and each ordinance <br /> authorizing the issuance of Additional Parity Revenue Bonds, <br /> and in each and every Bond and Additional Parity Revenue <br /> Bond; that it will promptly pay or cause to be paid the <br /> principal of and interest on every Bond and Additional <br /> Parity Revenue Bond, on the dates and in the places and <br /> manner prescribed in such ordinances and Bonds or additional <br /> Parity Revenue Bonds; and that it will, at the times and in <br /> the manner prescribed, deposit or cause to be deposited the <br /> amounts required to be deposited into the Interest and <br /> Sinking Fund, the Prior Lien Reserve Fund, and the Reserve <br /> Fund; and any holder of the Bonds or Additional Parity <br /> Revenue Bonds may require the Issuer, its officials, and <br /> employees, to carry out, respect, or enforce the covenants <br /> and obligations of this Ordinance, or any ordinance authob- <br /> izing the issuance of Additional Parity Revenue Bonds, y <br /> all legal and equitable means, including specifically, but <br /> without limitation, the use and filing of mandamus proceed- <br /> ings, in any court of competent jurisdiction, against the <br /> Issuer, its officials, and employees. <br /> (b) IQs'1e1'fS LeQal Authoritv. The Issuer is a duly <br /> created and existing home rule city of the State of •Texas, <br /> and is duly authorized under the laws of the State of Texas <br /> to create and issue the Bonds and Additional Parity Revenue <br /> Bonds; that all action on its part for the creation and <br /> issuance of the said obligations has been or will be duly <br /> and effectively taken, and that said obligations in the <br /> hands of the holders and owners thereof are and will be <br /> valid and enforceable special obligations of the Issuer in <br /> accordance with their terms. <br /> 35 <br />