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<br />I <br /> <br />I <br /> <br />I <br /> <br />. <br /> <br />e <br /> <br />e <br /> <br />and interest on the Bonds and Outstanding Bonds, by <br />requiring the levy of ad valorem taxes within the <br />District after annexation, if necessary. <br />section 9. For the benefit of the present and any <br />and all subsequent holders of the Bonds or coupons thereon, <br />and in addition to all other provisions and covenants and <br />laws of the state of Texas, it is expressly stipulated as <br />follows: <br /> <br />(a) The District shall fix and maintain rates and <br />collect charges for the facilities and services afforded <br />by the System, which, together with the taxes provided <br />for above, will provide revenues sufficient at all <br />times: <br /> <br />(i) To pay for all administration, operation <br />and maintenance expenses of the System; <br />(ii) To establish and maintain the Bond Fund; <br /> <br />and <br />(iii) To pay all outstanding indebtedness <br />against the System, other than bonded indebted- <br />ness, as and when such becomes due. <br />(b) The District shall deposit as collected all <br />revenues derived from the operation of the System into <br />a separate account called the "System Fund" which shall <br />be kept separate and apart from all other funds of the <br />District. From the System Fund, the District shall pay <br />all reasonable administration, operation and maintenance <br />expenses of the System. After payment thereof, the <br />District shall pay into the Bond Fund, during each year <br />that the Bonds, Outstanding Bonds and Additional Bonds, <br />if any, are outstanding and unpaid, an amount equal to <br />the total amount required to meet the interest and <br />principal payments falling due on or before the next <br />maturity date or interest payment date of the Bonds, <br />Outstanding Bonds and Additional Bonds, if any. said <br /> <br />-10- <br />