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6 6 Municipality shall be required to be used, nor tr.e general credit of the ? Municipal.ity pledged for the perPormance of any duty under the Mortgage, this Ordinance or the Improvement Bonds, but any paymsnt to be made under the Mort- gage, this Ordinance or the 7mprovement Bonds shall be made only from the properties and revenues of the Utility; provided, however, that, if otherwise lawflz.l; nothing herein shall be deemed to prohibit the 14unicipality fYom using, of its own volition, any of its general resources flor the flal.fill.ment of any of the terms and conditions of the Mortgage, this Ordinance or the Improvemnt Bonds. Section 7. Covenants of Municipality. The Municipality, by issuance of the Improvemsnt Bonds, sha11 covenant with the holders of the Bonds and with the Trustee (a) that it will at all times prescribe and ch.arge such rates for the services of the Utiiity, and wi.ll so restrict operation and ma.intenance expenses of the Ut3lity, as shall result in Utility revenues at least adequate, after meeting such operation and ma,intenance expenses, to met the prior renaire:aents of the Outstanding Issue and the Bond Fluzd requirerrp-nts of the Improvemnt I3onds aa speci £ied by the provisions of Paragraphs 2'hird and Fourth of Section 4 hereof; (b) that the Municipality will f'Lirnish to the Trustee semi-annual reports of the operatioi and incoms of the Utility and also an annua.l report of the accounts and operations of the Utility and will permi.t the authorized rep•resentatives of the Trustee, or of any holder or holders of twenty-five per centum of the am.ount of the Bonds at the time outstanding to inspect the Utility and all records, accounts andd,a,ta of the Utility at all reasonable tims; (c ) that tne t-hznicipality will segreGate the revenues., ilznds and properties of the Uti1.ity from al1 other tznds and properties of thc Municipality; (d) that the Municipality i-ril1 observe and perForm all its agreements and obligations provided for by the Improvement Bor,ds, the NLflrtgage, or this Ordinance. Atl of the obligations under this Section 7 are hereby established as duties specifically enjoined by law and resulting from an ofi'ice, trust or station upon the Municipality within the meaning of R.C. Section 2731.01. Section 8. -- Mortgage. In order to secure the payrsent of the principal of and interest on the Bonds as the sam shaLl become due wnd payable and the perform- ance of the obligations of the Municipality in this Ordinance, the Bonds or the Mortgage, the Executive and Fiscal Officer of the Municipality are hereby authorized and directed in the nam of and on ber.alf of the Municipality to make, execute, aclmowled.ge and deliver to the Trustee a good and suff`icier,t mortgage deed (herein called the Mortga,ge) mortgaging in trust for the holders of the 13or_ds, all the properties and assets of said Utility now o?,?ned or hereafter acquired by the Nfunicipality during the time any of the Bonds shall remain outstandir.g and unpaid, which mortguge shall constitute a 1.ien upon the revenues and properties of the Utility subject only to the lien thereon of the Prior Mortgage, in such form and containing such terms, covenants and conditions not inconsistent with this Ord.inance as shall be approved by such original purchasers and by the Legal Officer of the Municipality. Provision shall be ma,de therein that in case the Nlunicipality shall default for more tha.n 60 days in the payment of ar.y Bonds or the interest tYiereon or for more than 90 clays in performino any of the covenants or requirements oi the Mortgage or of the Prior Mortgage or of this Ordir.ance or the ordinance autr.orizing tne Outstanding Issue, or of the Bonds, the Trustee may elect to, and upon reojucst of the owners or holders of 25 percent in amount of the outstar.ding nonds sha.ll, declare