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t <br />The foregoing provision notwithstanding, the Issuer shall <br />have and hereby reserves the right to sell,•lease or otherwise dispose <br />-of any of the property comprising a part of the Facilities hereafter <br />determined in the manner provided herein to be no longer necessary, <br />or else to be no longer useful or else no longer profitable in the <br />operation thereof. <br />No sale or other disposition of said property, if the <br />amount to.be received therefor is not in excess of $50,000, shall <br />be made unless the general manager of the facilities shall make in <br />writing the finding hereinabove referred to. <br />No sale or other disposition of said property for a sum <br />in excess of $50,000 but less than $100,000 shall be made unless <br />the general manager of the Facilities shall make in writing the <br />finding hereinabove referred to and the governing body of the Issuer <br />shall, by resolution duly adopted, approve and concur in the finding <br />of such general manager, and authorize such sale or other disposition <br />of said property. <br />No sale or other disposition of said property for a sum <br />in excess of $100,000 but not more than 10% of the value of fixed <br />.assets of the Facilities according to the most recent annual audit <br />and operating report shall be made unless the general manager and <br />Consulting Engineers shall both make in writing the finding herein- <br />above referred to, and the governing body of the Issuer shall by <br />resolution duly adopted, approve and concur in the findings of such <br />general manager and the Consulting Engineers, and shall authorize <br />such sale, or other disposition of said property. <br />No sale or other disposition of said property for a sum. <br />in excess of 10% of the value of the fixed assets of the Facilities <br />according to the most recent annual audit and operating report shall <br />be made unless the general manager and the Consulting Engineers shall <br />make in writing the finding hereinabove referred to, and that the <br />estimated annual average of Net Revenues to be derived by the Issuer <br />from the Facilities in the sixty (60) complete calendar months <br />immediately succeeding the month in•which the sale or other disposition <br />of such property is completed will be not less than 1.30 times the <br />-22- <br />NV 21977 <br />a00x 31 � � <br />