05-16-83 Meeting of the La Porte Area Water Authority Board Minutes

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1 charges made or received by the authority; 2 (4) pledg ing to fix, charge, al ter and collect rents, ra tes, 3 fees and other charges with respect to any designated facilities or 4 assets which will be sufficient to produce revenues adequate to pay 5 all expenses necessary to the operation and maintenance of the desig- 6 na ted facil i ties or assets of the authority, to pay the interest on 7 and principal of all bonds or notes issued and payable out of the 8 revenues and rece ipts when and as the same become due and payable, 9 to pay all sinking fund and/or reserve or other fund payments agreed 10 to be made in respect of any of these bonds or notes payable out of 11 the revenues and receipts when and as the same shall become due and 12 payable, and to fulf ill the terms of any agreement made with the 13 holders of the bonds or notes and/or with any person in their behalf; 14 (5) the setting aside of reserves or sinking funds and the 15 regulation and disposition of them; 16 (6) limitations on the purpose to which the proceeds from the 17 sale of the bonds or notes may be appl ied and pledg ing the proceeds 18 to secure the payment of the bonds or notes; 19 (7) limitations on the issuance of additional bonds and on the 20 refunding of outstanding or other bonds or notes; 21 (8) the acquisition, construction, improvement, operation, ex- 22 tension, enlargement, maintenance and repair of any facilities or 23 assets and the duties of the authority with reference to them; 24 (9) the procedure, if any, by which the terms of any agreement 25 wi th bondholders or noteholders may be amended or abrogated, the 26 amount of bonds or notes the holders of which are required to give 27 consent to, and the manner in which the consent may be given; 19