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<br /> <br /> <br /> <br /> <br /> <br /> (c) Title. The Issuer has or will obtain lawful title <br /> to the lands, buildings, structures, and facilities consti- <br /> tuting the System, that it warrants that it will defend the <br /> title to all the aforesaid lands, buildings, structures, and <br /> facilities, and every part thereof, for the benefit of the <br /> holders and owners of the Bonds and Additional Parity <br /> Revenue Bonds, against the claims and demands of all persons <br /> whomsoever, that it is lawfully qualified to pledge the <br /> Pledged Revenues to the payment of the Bonds and Additional <br /> Parity Revenue Bonds in the manner prescribed herein, and <br /> has lawfully exercised such rights. <br /> (d) Liens. It will from time to time and before the <br /> same become delinquent pay and discharge all taxes, assess- <br /> ments, and governmental charges, if any, which shall be <br /> lawfully imposed upon it, or the System, that it will pay <br /> all lawful claims for rents, royalties, labor, materials, <br /> and supplies which if unpaid might by law become a lien or <br /> charge thereon, the lien of which would be prior to or <br /> interfere with the liens hereof, so that the priority of the <br /> liens granted hereunder shall be fully preserved in the <br /> manner provided herein, and that it will not create or <br /> suffer to be created any mechanic's, laborer's, <br /> materialman's, or other lien or charge which might or could <br /> be prior to the liens hereof, or do or suffer any matter or <br /> thing whereby the liens hereof might or could be impaired; <br /> provided, however, that no such tax, assessment, or charge, <br /> and that no such claims which might be used as the basis of <br /> a mechanic's, laborer's, materialman's, or other lien or <br /> charqe, shall be required to be paid so long as the validity <br /> of the same shall be contested in good faith by the Issuer. <br /> (e) Ooeration of Svstem: No Free Service. While the <br /> Bonds or any Additional Parity Bonds are outstanding and <br /> unpaid the Issuer shall continuously and efficiently operate <br /> the System, and shall maintain the System in good condition, <br /> repair, and working order, all at reasonable cost. No free <br /> service of the System shall be allowed, and should the <br /> Issuer or any of its agencies, instrumentalities, lessors, <br /> or concessionaires make use of the services and facilities <br /> of the System, payment monthly of the standard retail price <br /> of the services provided shall be made by the Issuer or any <br /> of its agencies, instrumentalities, lessors, or <br /> concessionaires out of funds from from sources other than <br /> the revenues of the System. <br /> (f) Further Encumbrance. While the Bonds or any Addi- <br /> tional Bonds are outstandinq and unpaid, the Issuer shall <br /> not additionally encumber the Pledged Revenues in any <br /> manner, except as permitted in this Ordinance in connection <br /> with Additional Parity Revenue Bonds, and as permitted in <br /> Section 25 hereof, unless said encumbrance is made junior <br /> and subordinate in all respects to the liens, pledges, <br /> 36 <br />