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(H) Issuance of Other Obligations. <br />(1) The Issuer covenants and agrees that in the event <br />the cost of construction or completion of the Project shall <br />exceed the dollar amount of Bonds herein authorized, it shall <br />deposit into the Construction Account the amount of such excess <br />out of funds available to it for such purpose, and the Issuer may <br />provide such excess, and only such excess, through the issuance <br />of parity Bonds conforming to the requirements of paragraph (3) <br />of this subsection; but except_ to complete the Project, it will <br />not issue any other obligations payable from or secured by the <br />Pledged Funds or any part thereof, unless the conditions <br />hereinafter set forth shall be met, or unless the lien of such <br />obligations is junior and subordinate in all respects to the lien <br />of the Bonds. <br />MR. THOMAS EXPLAINED THAT WITH BIGGER PROJECTS THAT STRETCH <br />OVER A LONGER PERIOD OF TIME, YOU COULD HAVE OVERRUNS, CHANGE ORDERS, <br />ETC. HE DOUBTED WE WOULD HAVE THIS PROBLEM, BUT WE ARE PROTECTED <br />IF WE DO. <br />ON MOTION BY COMMISSIONER WODTKE, SECONDED BY COMMISSIONER <br />LYONS, THE BOARD UNANIMOUSLY ADOPTED RESOLUTION 80-63 AUTHORIZING <br />THE ISSUANCE OF $5,825,900 WATER REVENUE BONDS FOR THE FACILITIES <br />FOR THE SOUTH COUNTY WATER SYSTEM. <br />•' <br />JUN 2 51990 :etc 43 <br />