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Section 11. The principal and interest installments shall be prepayable prior to maturity as provided in the bond form in Section 4 hereof Section 12. The City shall not issue or attempt to issue any additional obligations having or claimed to be entitled to a lien on or pledge of the Pledged Revenues. Section 13. It is covenanted by the City with the Bondholder and the Commission that it will faithfully and punctually perform all duties with reference to the Tax required by the Constitution and laws of the State and by this Ordinance, including, without limitation, the collection of the Tax and applying the Pledged Revenues to the respective funds maintained pursuant to this Ordinance. If there be any default in the payment of the principal of or interest on the bond, or if the City defaults in any ADFA Bond Fund requirement or in the performance of any of the other covenants contained in this Ordinance, the Bondholder may, by proper suit, compel the performance of the duties of the officials of the City under the laws of the State. No remedy herein conferred upon or reserved to the Bondholder is intended to be exclusive of any other remedy or remedies herein provided or provided by law,and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or given by law. No delay or omission of the Bondholder to exercise any right or power accrued upon any default shall impair any such right or power or shall be construed to be a waiver of any default or an acquiescence therein; and every power and remedy given by this Ordinance to the Bondholder may be exercised from time to time and as often as may be deemed expedient. No waiver of any default shall extend to or affect any other existing or any subsequent default or defaults or impair any rights or remedies consequent thereon. Any costs of enforcement of the bond or of any provision of this Ordinance, including reasonable attorney's fees, shall be paid by the City. The Authority may enforce all rights and exercise all remedies available to the Bondholder in the event the Servicing Fee is not paid when due. Section 14. When the bond has been executed and sealed as herein provided, it shall be delivered to the Bondholder upon payment of all or a portion of the purchase price in accordance with the Agreement. The sale proceeds shall be deposited, as and when received, into a special fund of the City in a bank selected by the City that is a member of the FDIC which is hereby created and designated "2024C Water Construction Fund" (the "Construction Fund"). The moneys in the Construction Fund shall be used for directly paying, or reimbursing the City for, the costs paid in accomplishing the Improvements and the expenses of issuing the bond approved in accordance with the Agreement. Payments from the Construction Fund shall be by check or voucher signed by the Mayor and the City Treasurer, and drawn on the depository. Each such check or voucher shall briefly specify the purpose of the expenditure. When the Improvements have been completed and all required expenses paid and expenditures made from the Construction Fund for and in connection with the accomplishment of the Improvements and the financing thereof,this fact shall be evidenced by a certificate signed by the Mayor and by the consulting engineer, which certificate shall state, among other things, the 7