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<br />-, <br /> <br />. <br /> <br />t <br /> <br />. <br /> <br />, . <br /> <br />sources other than the Tax Revenues. As used herein <br />"obligations" shall include, without limitation, bonds, notes, <br />interim certificates, debentures or other obligations. <br /> <br />Covenant 4. Punctual Payment. The Agency <br />covenants and agrees that it will duly and punctually payor <br />cause to be paid the principal of and interest on each of the <br />Bonds on the date, at the place and in the manner provided in <br />the Bonds and the interest coupons appertaining thereto. <br /> <br />Covenant 5. Payment of Taxes and Other Charges. <br />The Agency covenants and agrees that it will from time to time <br />pay and discharge, or cause to be paid and discharged, all <br />payments in lieu of taxes, service charges, assessments or <br />other governmental charges which may lawfully be imposed upon <br />the Agency or any of the properties then owned by it in the <br />Redevelopment Project Area, or upon the revenues and income <br />therefrom, and will pay all lawful claims for labor, materials <br />and supplies which if unpaid might become a lien or charge upon <br />any of the properties, revenues or income or which might impair <br />the security of the Bonds or the use of Tax Revenues or other <br />legally available funds to pay the principal of and interest on <br />the Bonds, all to the end that the priority and security of the <br />Bonds shall be preserved; provided, however, that nothing in <br />this Covenant shall require the Agency to make any such payment <br />so long as the Agency in good faith shall contest the validity <br />of the payment. <br /> <br />Covenant 6. Books and Accounts; Financial State- <br />ments. The Agency covenants and agrees that it will at all <br />times keep, or cause to be kept, proper and current books and <br />accounts (separate from all other records and accounts) in <br />which complete and accurate entries shall be made of all <br />transactions relating to the Redevelopment Project and the Tax <br />Revenues and other funds relating to the Project. The Agency <br />will prepare within one hundred and eighty (180) days after the <br />close of each of its fiscal years a complete financial <br />statement or statements for the year, in reasonable detail <br />covering the Redevelopment Project Tax Revenues and other <br />funds, accompanied by an opinion of an Independent Certified <br />Public Accountant appointed by the Agency, and will furnish a <br />copy of the statement or statements to the Fiscal Agent, and <br />any rating agency which maintains a rating on the Bonds, and, <br />upon written request, to any Bondholder. <br /> <br />Covenant 7. Eminent Domain Proceeds. The Agency <br />covenants and agrees that if all or any part of the <br />Redevelopment Project Area should be taken from it without its <br />consent, by eminent domain proceedings or other proceedings <br />authorized by law, for any public or other use under which the <br />property will be tax exempt, it shall take all steps necessary <br />to adjust accordingly the base roll of the Project Area. <br /> <br />02-22-83 <br />4l41P/2306/00 <br /> <br />/¡-3ð <br /> <br />3A <br /> <br />-21- <br />