(1)__To pay all costs of operation and maintenance of the East-West Highway, together with the necessary repairs to the highway;

(2)__To meet and pay the principal and interest of all such bonds as those bonds severally become due and payable;

(3)__For the creation of reserves for the principal and interest of all such bonds and for the meeting of contingencies and the operation and maintenance of the East-West Highway as the authority determines; and

(4)__To pay other lawful charges or costs for which the authority is responsible;

P.__For such other covenants as to prices, rates and charges as the authority determines;

Q.__For covenants as to the rights, liability, powers and duties arising upon the breach by the authority of any covenant, condition or obligation;

R.__For covenants as to the bonds to be issued and as to the issuance of the bonds in escrow and otherwise and as to the use and disposition of the proceeds of the bonds;

S.__For covenants as to the use of its property and the maintenance and replacement of the property and the insurance to be carried on the property and the use and disposition of insurance money;

T.__For limitations upon the exercise of the powers conferred upon the authority by this chapter;

U.__For the issuance of these bonds in series or in serial form or for a stated term of years with or without mandatory retirements from a sinking fund or otherwise;

V.__For the issuance, in addition to the issuance of notes and other evidences of indebtedness or obligations authorized under this chapter, of notes in anticipation of authorized bonds and for the exercise with respect to the