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TABLE OF CONTENTS <br />(continued) <br />Page <br />SECTION 6.07. MAINTENANCE AND OPERATION OF THE WATER SYSTEM; <br />BUDGETS..................................................................................................... <br />20 <br />SECTION 6.08. AMOUNT OF RATES AND CHARGES; RATE STABILIZATION <br />FUND............................................................................................................. <br />20 <br />SECTION 6.09. PAYMENT OF CLAIMS................................................................................. <br />21 <br />SECTION 6.10. COMPLIANCE WITH CONTRACTS............................................................ <br />21 <br />SECTION 6.11. INSURANCE.................................................................................................... <br />21 <br />SECTION 6.12. ACCOUNTING RECORDS; FINANCIAL STATEMENTS AND <br />OTHER REPORTS........................................................................................ <br />22 <br />SECTION 6.13. PROTECTION OF SECURITY AND RIGHTS OF THE AUTHORITY....... <br />22 <br />SECTION 6.14. PAYMENT OF TAXES AND COMPLIANCE WITH <br />GOVERNMENTAL REGULATIONS......................................................... <br />22 <br />SECTION 6.15. COLLECTION OF RATES AND CHARGES; NO FREE SERVICE ............ <br />23 <br />SECTION 6.16. EMINENT DOMAIN PROCEEDS.................................................................. <br />23 <br />SECTION 6.17. TAX COVENANTS......................................................................................... <br />23 <br />SECTION 6.18. FURTHER ASSURANCES............................................................................. <br />23 <br />SECTION 6.19. OPERATE WATER SYSTEM......................................................................... <br />23 <br />SECTION 6.20. ADDITIONAL COVENANTS......................................................................... <br />24 <br />ARTICLE VII <br />PREPAYMENT OF INSTALLMENT PAYMENTS <br />SECTION 7.01. PREPAYMENT OF INSTALLMENT PAYMENTS ...................................... 24 <br />ARTICLE VIII <br />EVENTS OF DEFAULT AND REMEDIES OF THE AUTHORITY <br />SECTION 8.01. EVENTS OF DEFAULT AND ACCELERATION OF MATURITIES ......... 24 <br />SECTION 8.02. APPLICATION OF NET SYSTEM REVENUES UPON <br />ACCELERATION......................................................................................... 25 <br />SECTION 8.03. OTHER REMEDIES OF THE AUTHORITY ................................................. 25 <br />SECTION8.04. NON-WAIVER................................................................................................. 25 <br />SECTION 8.05. REMEDIES NOT EXCLUSIVE...................................................................... 26 <br />ARTICLE IX <br />DISCHARGE OF OBLIGATIONS <br />SECTION 9.01. DISCHARGE OF OBLIGATIONS.................................................................. 26 <br />ARTICLE X <br />MISCELLANEOUS <br />SECTION 10.01. LIABILITY OF CITY LIMITED TO SYSTEM REVENUES ...................... 26 <br />-ii- <br />55394.00068\42092413.3 <br />