02-1381 Authorizing Issuance of Utility Revenue Bonds

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SECTION 4.01. SECTION 4.02. SECTION 4.03. SECTION 4.04. SECTION 4.05. SECTION 4.06 SECTION 4.07. SECTION 4.08 SECTION 5.01. SECTION 5.02. SECTION 5.03. SECTION 5.04. SECTION 5.05. SECTION 5.06. SECTION 5.07. SECTION 5.08. SECTION 5.09. SECTION 5.10. SECTION 5.11. SECTION 5.12. SECTION 5.13. SECTION 5.14. SECTION 6.01. SECTION 6.02. SECTION 6.03. SECTION 6.04. ARTICLE IV SECURITY, SPECIAL FUNDS AND APPLICATION THEREOF BONDS NOT TO BE INDEBTEDNESS OF ISSUER. ............. 28 SECURITY FOR BONDS. ................................... 28 CONSTRUCTION FUND. ...................................28 CREATION OF FUNDS AND ACCOUNTS. .................... 30 DISPOSITION OF GROSS REVENUES. ....................... 31 REBATE FUND. . ... .. . . . .. . .... .. .. .. .. . . . .. . .. .. . ... .. . . . 37 INVESTMENTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 SEPARATE ACCOUNTS. ...................................39 ARTICLE V COVENANTS GENERAL. ............................................... 40 OPERATION AND MAINTENANCE. .........................40 ANNUAL BUDGET. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40 RATES. ..................................................40 BOOKS AND RECORDS. ...................................41 ANNUAL AUDIT. .........................................41 NO MORTGAGE OR SALE OF THE SYSTEM. .................41 INSURANCE. ............................................. 42 NO FREE SERVICE. .......................................43 NO IMPAIRMENT OF RIGHTS. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . .43 ENFORCEMENT OF CHARGES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 COVENANTS WITH CREDIT BANKS AND INSURERS. . . . . . . . . . 43 CONSULTING ENGINEERS. ................................43 FEDERAL INCOME TAXATION COVENANTS; TAXABLE BONDS. ........................................44 ARTICLE VI SUBORDINATED INDEBTEDNESS AND ADDITIONAL BONDS SUBORDINATED INDEBTEDNESS. . . . . . . . . . . . . . . . . . . . . . . . . . . 45 ISSUANCE OF ADDITIONAL BONDS. . . . . . . . . . . . . . . . . . . . . . . . .45 BOND ANTICIPATION NOTES. .............................47 ACCESSION OF SUBORDINATED INDEBTEDNESS TO PARITY STATUS WITH BONDS. ....................................47 (ii)