Laserfiche WebLink
En <br />Section 404. The C ity cOL'`=_- 1,, s that it ,%,ill I, c !lptly cal',se to be <br />paid all lawful taxes, charges, assessments, imposts and governmental charges <br />at any time levied or assessed upon or aga inst the mortgaged property, or any <br />part thereof, which might impair or prejudice the lien and priority of this Inden- <br />ture; provided, however that nothing contained in this Section shall require the <br />City to cause to be paid any such taxes, assessments, imposts or charges so <br />long as the validity thereof is being contested in good faith and by appropriate <br />legal proceedings, and, provided, also, that such delay in payment shall not <br />subject the mortgaged property or any part thereof to forfeiture or sale. <br />Section 405. The City covenants that it will at all times cause the <br />mortgaged property to be maintained, preserved and kept in good condition, re- <br />pair and working order, and that it will from time to tine cause to be made all <br />needed repairs so that the operation and business pertaining to the mortgaged <br />property shall at all times be conducted properly and so that the mortgaged pro- <br />perty shall be fully maintained. It is understood that the City has made provi- <br />sions in the Lease Agreement for such maintenance, pursuant to the terns of <br />which the Lessee is obligated to maintain the mortgaged property as set forth in <br />the Lease Agreement, and so long as the Lease Agreement is in force and effect <br />the City shall be deemed to be in compliance with its obligations under this <br />Section 405. <br />Section 406. The City covenants that it will cause this Indenture, <br />and all Indentures supplemental thereto, to be kept recorded and filed in such <br />manner and in such places as may be required by law in order to fully preserve <br />and protect the security of the holders and owners of the bonds and the rights <br />of the Trustee hereunder. <br />Section 407. The City covenants that so long as any bonds issued <br />hereunder and secured by this Indenture shall be outstanding and unpaid, the <br />City will keep or cause to be kept, proper books of record and account, in <br />