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<br />I <br /> <br />I <br /> <br />e <br /> <br />e <br /> <br />(e) Any original holder of the Bonds and any <br />holder or holders of 25% in aggregate principal amount <br />of the Bonds, Outstanding Bonds and Additional Bonds, <br />if any, shall have the right at all reasonable times to <br />inspect the System and all records, accounts and data <br />of the District relating thereto. <br />Section 10. The District covenants, by and through <br />this Order, as follows: <br />(a) That it has lawful power to pledge the Net <br />Revenues supporting the Bonds and has lawfully exercised <br />such power under the Constitution and laws of the state <br />of Texas, including power existing under section 51.450 <br />et seq of the Texas Water Code, as amended; that the <br />Bonds shall be ratably secured under said pledge of <br />income in such manner that no bond of this Series of <br />bonds shall have any preference over any other bond of <br />this Series of bonds; <br />(b) That, other than to secure payment of the <br />Bonds and the Outstanding Bonds, the returns, revenues <br />and income of the System have not in any way been <br />pledged to the payment of any other debt or obligation <br />of the District or of the System; and that the System <br /> <br />I is free and clear of all encumbrances whatsoever, <br />except as hereinabove stated; <br /> (c) That the Board of Directors will enact and <br /> maintain in effect an order or orders fixing a rate or <br /> <br />. <br /> <br />rates for water and sanitary sewer service, and' said <br />order or orders shall contain among other provisions, a <br />provision that the District shall not render water or <br />sanitary sewer service without charge to any person, <br />firm, corporation or organization whatsoever; and <br />(d) That, while any part of the Bonds remain out- <br />standing and unpaid, the District will not sell, assign, <br />mortgage, lease or otherwise dispose of any property <br /> <br />-12- <br />