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<br /> ' (c) If the then proposed bonds are to be Additional
<br /> p'Bonds, an independent registered professional engineer of
<br /> E;the State of Texas, or an independent firm of engineers ~
<br /> ~jacting by and through a registered professional engineer of ~
<br /> 'the State of Texas, signs a written certificate to the ~
<br /> ~°effect that, in his or its opinion, during each fiscal year s
<br /> i!while any Bonds or Additional Bonds are scheduled to be ~
<br /> 1;,outstanding, beginning with the fiscal year next following R
<br /> the date of the then proposed Additional Bonds, the Pledged ~
<br /> (Revenues estimated to be received during each of said fiscal ~
<br /> years, respectively, will be at least equal to 1.25 times ~
<br /> the principal and interest requirements, during each such ~
<br /> fiscal year, respectively, of all bonds of any nature or
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<br /> a'lien which are payable from Pledged Revenues and which are ~
<br /> j~scheduled to be outstanding after the issuance of the then ~
<br /> proposed Additional Bonds. In arriving at such opinion
<br /> dthere may be taken into consideration any prospective ;
<br /> liadditions to the System or the Pledged Revenues, any ~
<br /> ~ scheduled, projected, or reasonably expected changes
<br /> ~ rates and charges, anticipated increases or decreases in ~
<br /> 1?Pledged Revenues or maintenance and operation expenses of ;
<br /> ~~the System, and any other factor which in his or its opinion ~
<br /> would have a material impact on the Pledged Revenues. ;
<br /> (d) If the then proposed bonds are to be Prior Lien ~
<br /> Additional Bonds, provision shall be made in the ordinance ~
<br /> ~ authorizing their issuance for funding or increasing the
<br /> Prior Lien Reserve Fund to the Required Prior Lien Reserve ~
<br /> Amount as required by Section 17 hereof.
<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. o
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<br /> (f) That all calculations of principal and interest ~
<br /> t 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 /> E; requirements shall be deemed to be maturing amounts of ~
<br /> 1= principal of such bonds. ~
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<br /> Section 25. GENERAL COVENANTS. The City further cove-
<br /> ~ nants and agrees that in accordance with and to the extent
<br /> ° required or permitted by law: ~
<br /> (a) Performance. It will faithfully perform at all
<br /> ' times any and all covenants, undertakings, stipizlations, and
<br /> ;s. 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 /> i' 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 f
<br /> manner prescribed in such ordinances and Bonds or Additional ~
<br /> Parity Revenue Bonds; and that it will, at the times and in ~
<br /> ~I the manner prescribed, deposit or cause to be deposited the ~
<br /> I amounts required to be deposited into the Interest and E
<br /> Sinking Fund, the Prior Lien Reserve Fund, and the Reserve ?
<br /> i' Fund; and any holder of the Bonds or Additional Parity ~
<br /> ; Revenue Bonds may require the City, its officials, and ~
<br /> ~ employees, to carry out, respect, or enforce the covenants +
<br /> ; and obligations of this Ordinance, or any ordinance author- ~
<br /> ; izing the issuance of Additional Parity Revenue Bonds, by {
<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 /> City, its officials, and employees. "
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