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appurtenant or incidental thereto, including the cost of any land or interest therein or of any fixtures or equipment, or property nec- essary or convenient therefor, the cost of labor and materials to complete such construction, engineering and legal expenses, fiscal expenses, expenses for estimates of costs and revenues, expenses for plans, specifications and surveys, interest during construction, if any, administrative expenses and all other necessary miscellaneous expenses. (C) The revenues to be derived annually from the rates, rentals, fees and other charges made and collected for the services and facilities of the System are estimated to be $ 77,324.00 , and will be sufficient to pay, as the same shall become due and payable, the principal of and interest on the Bonds and the annual cost of operating, repairing and maintaining the System, the aggregate annual amount of which is estimated to be $ 76,746.00 it is estimated that the period of usefulness of the System will exceed forty-one years. (D) It is deemed necessary and desirable to pledge the gross revenues of the System to the payment of the principal of and interest on the Bonrls. No part of such revenues have been pledged or hypothecated except with respect to the Bonds. (E) This instrument is declared to be and shall con- stitute a contract between the Issuer and all of the holders of the Bonds; and the covenants and agreements herein set forth to be performed by the Issuer are and shall be for the equal benefit, protection and security of all of the legal holders of any and all of the Bonds, all of which shall be of equal rank and without preference, priority or distinction of any of the Bonds over any other, except as hereinafter provided. (F) The Issuer is not, under this instrument, obli- gated to levy any ad valorem taxes on. any real or personal property situated within its corporate territorial limits to pay the principal of or interest on the Bonds or to pay the cost of maintaining, repairing and op --rating the System. The Bonds shall not constitute a lien upon the System or any other property of the Issuer or :situated w.i thin its corporate territor. i al limit:...