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CM Page 12 Enz Section S. (a) That the City covenants that it will continue in effect the present schedule of rates for sewer services and that the rates will not be reduced except as hereafter provided in this section, which schedule of rates was established by Ordinance No. adopted and approved on the day of January, 1967, to which reference is hereby made for a detailed state- ment of the rates, and the provisions of said Ordinance No. are hereby incorporated herein as though fully set forth at this point. (b) That the City covenants and agrees with the bondholders that said rates will produce a total revenue at least sufficient to pay the operation and maintenance expenses of the Sewer System, pay the principal of and interest on the bonds, and Paying Agent's fees in connection therewith, and make the re- quired deposit into the Depreciation Fund. And, the City covenants and agrees that said rates shall, from time to time, as and when necessary, be increased to such an amount as will provide revenues at least sufficient for the above set forth purposes . (c) That the City further covenants and agrees that said rates shall never be reduced, while any Sewer Revenue Bonds are outstanding, unless there is obtained from an independent certified public accountant a written opinion, based upon the number of customers and customer usage as reflected by the records of the Sewer Committee, that the proposed new rates will produce suf- ficient revenue to provide for the cost of operation repair and depreciation of the Sewer System for the then current fiscal year and the next succeeding fiscal year and leave a balance equal to at least one hundred forty per cent (140%) of the maximum amount that will become due in any year for principal, interest and service charges on all Sewer Revenue Bonds then outstanding. (d) That none of the facilities or services afforded by the Sewer System shall be furnished without a charge being made therefor. In the event that the