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.� <br /> � , � . ', � <br /> . � <br /> 15. Prorations. All electric and gas charges applicable to the North Plant shall be <br /> prorated as of the Closing Date. <br /> 16. Rearesentations, Warranties, and Agreements by the CitX. The City <br /> represents, warrants and agrees to and with ADM as follows: <br /> (a) That it is, and on the Closing Date will be, a municipal corporation ', <br /> duly organized and existing and in good standing under the laws of II <br /> the State of Illinois; and it has the power and autharity to enter into I� <br /> this Agreement and to consummate the transactions contemplated <br /> herein; <br /> (b) That it has taken, or will take by the Closing Date, all necessary <br /> corporate and legal action to authorize the execution, delivery and <br /> performance on its part of this Agreement, and the performance <br /> hereof by it will not be in contravention of its charter, ordinances, <br /> or any contract or agreement to which it is a party or subject; <br /> (c) That it will operate and maintain its North Plant in the ordinary <br /> course of business until the Closing Date, and that it will not <br /> dispose of any part of its North Plant prior to the Closing Date, <br /> except such part or parts as may be retired from service and <br /> replaced in the ordinary course of business prior to the Closing <br /> Date; <br /> (d) That, it has, or will have in the case of any additions to the North <br /> Plant between the date hereof and the Closing Date, good and <br /> marketable title to the assets to be sold, and it will have such title <br /> on the Closing Date; such title on the Closing Date will be <br /> -10- <br />