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<br /> improvements listed in Exhibit "B" incorporated herein by <br /> reference. <br /> It is specifically agreed that the District bonds, when <br /> issued, shall be secured by a pledge of the District's taxes and <br /> revenues. <br /> B. The parties hereto acknowledge and agree that this <br /> Agreement has the effect of restricting the general statutory <br /> purposes for which the District may issue bonds and notes. The <br /> parties further acknowledge and agree that this Agreement does <br /> not, except as specifically set out herein, restrict or limit the <br /> powers and authority of the District to acquire, own, operate and <br /> maintain water or wastewater systems, drainage facilities, <br /> recreational facilities, or any other systems, facilities, assets <br /> or properties of or serving the District. Except as specifically <br /> set out herein, the District may use funds and assets from any <br /> other available, lawful sources to provide for such acquisition, <br /> ownership, maintenance and operation, as well as to accomplish <br /> any purpose or to exercise any function, act, power or right <br /> authorized by law. Such funds and assets shall include, without <br /> limiting the generality of the foregoing, revenues from any of <br /> the systems, facilities, properties and assets of the District <br /> not otherwise committed for the payment of indebtedness of the <br /> District; maintenance taxes; loans, gifts, grants and donations <br /> from public or private sources; and revenues from any other <br /> source lawfully available to the District. <br /> C. No less than ten <10) days before the proposed <br /> adoption of any resolution or order of the District calling an <br /> election on a proposition to authorize the District to issue <br /> bonds or notes, the District shall submit the proposed resolution <br /> or order to the City Manager of the City or his designee. The <br /> appropriate City staff shall review the resolution or order with <br /> reference to this Agreement and the engineering report of the <br /> District. Furthermore, ,.,hen the District applies to the Texas <br /> Water Commission for permission to issue District bonds, the <br /> -3- <br />