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* t - tie date tie engineer started M s survey, John Buveen is 6s. amid advise tie Ballread Caspaay ad « Metier tie purchase prise and present represents for additions sad extension# to tie system mel for working capital could be financed with water revenue bonds of the Water District or tie City, and as to tie Maximum amount of sucfe water revenue bonds- that Join Stream i: Co. M & # be willing to purchase. If tie Mount of suei purchase prise for tie water properties, together with tie amounts required for additions and betterments t© tie properties; and for necessary wording capital, should exceed tie aggregate principal amount of water revenue bends that Join Iteveeu & Co. would be willing to purchase, then tie contract between Join Suveen & Co. and tie K&ilroad Coapany would be considered terminated without any liability of either party to tie other on account of expenses incurred or otherwise. 4. If John Women & Co should be willing to purchase water revenue bonds in an aggregate principal amount sufficient for the Water District or tie City to aepre the water properties, to mb© preseBtly needed addition© and extensions and to provide necessary working capital, than John & m m m & Co. will give tie E&ilrosd CcaBpmy a emwLtm&t to purchase water revenue bonds in a» aggregate principal amount efficient for suei purposes, '* 'I ? ?' such water revenue bonds to have such Maturities, serial or term, or a coafcinatlon ©f serial soft term maturities, and to have such reserve and sinking fiat previsions as John Huveen & Co. deea to be ia tie best !p|p| interests of tie issuer in order to have a bead that is Marketable, taking into consideration an efficient and economical operation of tie properties a with sufficient latitude for capital retirements, renewals and replace-aaents, sat reasonably expected growth over tie life of the bond Issue. She water revenue b p s would be saithoriaad by a duly adopted resolution of the issuer ant would contain the usual and customary covenants,, terms and