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of the Bonds and the holders thereof from time to time that it will
not grant a franchise for the operation of any competing waterworks,
sewer and/or electric light system in the City of Georgetown, until
all Bonds issued hereunder shall have been retired.
SECTION 20. Remedies in Event of Default. In addition to all
the rights and remedies provided by the laws of the State of Texas,
the Cit covenants and agrees particularly that in- the event the
City (a� defaults in the payment of principal of or interest on any
Bonds when due, (b) fails to make the payments required by Section 13
of the ordinances authorizing the Parity Bonds to be made into the
Bond Fund, Reserve Fund and Contingency Fund, or (c) defaults in the
observance or performance of any other of the -covenants, conditions
or obligations set forth in this ordinance, the following remedies
shall be available:
(a) The holder or holders of any of the Bonds issued here-
under shall be entitled to a writ of mandamus issued by a court of
proper jurisdiction compelling and requiring the City Council and
other officers of the City to observe and perform any covenant,
obligation or condition prescribed in this Bond Ordinance.
(b) No delay or omission to exercise any right or power
0 accruing upon any default shall impair any such right or power or shall
be construed to be a waiver of any such default or acquiescence
therein, and every such right and power may be exercised from time to
V time and as often as may be deemed expedient.
The specific remedies herein provided shall be cumulative of all
other existing; remedies and the specification of such remedies shall
not be deemed to be exclusive.
SECTION 21. Special Covenants and Conditions. (a) The City
will duly and punctually keep, observe and perform each and every
term, covenant and conditiononits part to be kept, observed and
performed, contained in this ordinance, and will punctually perform
all duties with reference to the Utility System required by the
Constitution and laws of the State of Texas, including particularly
the making and collecting of such reasonable and sufficient rates
and charges for services supplied by the Utility System to the City
and to all other customers, adjusting such rates and charges from
time to time in such manner as will be fully sufficient to meet all
the requirements -of the.ordinances authorizing the Parity Bonds, and
the proper.segregation and application of the revenues of such System;
(b) The City is duly authorized under the laws of the State of
Texas to issue the Bonds and to pledge the revenues pledged here-
under, and all necessary action on the part of the City and its City
Council for the issuance of the Bonds have been duly and effectively
taken, and that the Bonds in the hands of the holders thereof are
and will be valid and enforceable obligations of the City in
accordance with their terms;
(c) That the Bonds authorized hereunder shall be special obligations
of the City and the holder thereof shall never have the right to demand
payment out of funds raised or to be raised by taxation;
(d) That other than for the payment of the Bonds, the outstanding
"City of Georgetown Utility System Revenue Bonds, Series 1964," dated
June 1, 1964, and the outstanding "City of Georgetown utility System
Revenue Bonds, Series 1966," dated June 1, 1966, the rents, revenues and
income of the Utility System have not been pledged in any manner to
the payment of any debts or obligations of the City nor of said System;
and
(e) That the Utility System of the City is free and clear of all
encumbrances.
SECTION 22. Ordinance to Constitute Contract. That the pro-
visions of this ordinance shall constitute a contract between the
City and the holder or holders from time to time of the Bonds, and