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M <br />t <br />or (2) replacement of the facility so disposed.of by another <br />facility the revenues of which shall be incorporated into the <br />,System as hereinbefore provided; <br />(c) It is certified, prior to any abandonment of use, <br />that the facility to be abandoned is no longer economically <br />feasible of producing net revenues; and <br />...(d) It certified that the estimated net revenues of <br />the remaining System facilities for the next succeeding Fiscal <br />Year, plus the estimated net revenues of the facility, if any, <br />to be added to the System, satisfy the earnings test hereinbefore <br />provided in the Section governing issuance of additional parity <br />bonds. <br />(J) Insurance on System. While any of the Bonds shall <br />remain outstanding, the Issuer shall carry at least the following <br />insurance coverage: <br />(1) Fire and extended coverage on the insurable <br />portions of the System, in amounts sufficient to provide for not <br />less than full recovery whenever a loss from perils insured against <br />does not exceed eighty per centum .(80%) of the full insurable value <br />of the damaged facility; and flood damage insurance shall be car- <br />ried.to the full insurable value, as recommended by consulting <br />engineers, of all property of the System which may be subject to <br />flood damage and shall be situated in a flood plain area. <br />(2) Public liability insurance relating to the operation <br />of the System, with limits of not.less than $1.00,000 for one person <br />and '$,300,000 for more than one person involved in one accident, to <br />protect the Issuer from claims for bodily injury and/or death, and <br />not„less than $10,000 for claims for damage to property of others <br />which may arise from the Issuer's operation of the System. <br />(3) If the Issuer owns or operates a vehicle in the <br />operation of the System, vehicular public liability insurance with <br />limits of not less than $100,000 for one person and $300,000 for . <br />more than ono person involved in one accident to protect the Issuer <br />from claims for bodily injury and death, and not less than $10,000. <br />against Laims for damage to property of others which may arise from <br />the Issuer's operation of vehicles. <br />-22- <br />JAN 2 31978 cox F�U:J(JO <br />