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� <br /> Section 7. The bonds shall be issued in cornpliance with and <br /> under authority of the enabling provisions of Ordinance No. 5768, <br /> this ordinance and the Indenture. <br /> Section 8. While any of the bonds shall Yemain outstanding <br /> and unpaid, the City hereby covenants and agrees with the holders <br /> from time to time of such bonds that it will not issue any additional <br /> bonds or incur any obligations of any sort secured by a lien prior to <br /> or on a paYity with the lien of the bonds, except as expressly per- <br /> mitted under the provisions of the Indenture. <br /> Sectipn 9. It is hereby found, determined and declared by the <br /> Counc il that the amounts of the rentals payable under the Lease Agree- <br /> ment are the amounts necessary in each year to pay the principal of <br /> and interest on the bonds and that the rental payment and other mone- <br /> tary obligations undertaken by Debron Corporation in the Lease Agree- <br /> ment are sufficient to satisfy the rental and other monetary obliga- <br /> tions required by the enabling ordinance to be undertaken by the lessee <br /> of an industxial project. No reserve funds or depreciation accounts are <br /> dee�d advisable �o be established by the City in connection with the <br /> retirement of the bonds and the aperation and maintenance of the project. <br /> Section 10. Thexe is hereby author ized the execution of a Lease <br /> AgYeement by and between the City, a s Lessox, and Debron O�rporation, as <br /> Lessee, in su bstantially the forrciaa attached hereto as Exhibit A which is <br /> heYeby approved and incorporated by reference and ma de a part hereof. <br />