10 - Issuance of Certificates of Obligation Series 2020

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transferred to the Interest and Sinking Fund. Amounts so deposited to the Interest and Sinking Fund shall be used in the manner described in Section 5 of this Ordinance. Section 16. NO RULE 15c2-12 UNDERTAKING; PROVISION OF FINANCIAL INFORMATION. (a) The offering of the Certificate is exempt from Rule 15c2-12 of the Securities and Exchange Commission (the "Rule") by virtue of the private placement exemption set forth in the Rule. The Issuer is not, therefore, obligated pursuant to the Rule to provide any on-going disclosure relating to the Issuer or the Certificate. (b) In consideration for the purchase of the Certificate by the Purchaser, the Issuer agrees to provide the Purchaser with its most recent audited annual financial statements and any other publically available financial information regarding the Issuer that the Purchaser may reasonably request from time to time. Section 17. METHOD OF AMENDMENT. The Issuer hereby reserves the right to amend this Ordinance subject to the following terms and conditions, to -wit: (a) The Issuer may from time to time, without the consent of the Registered Owner, except as otherwise required by paragraph (b) below, amend or supplement this Ordinance in order to (i) cure any ambiguity, defect or omission in this Ordinance that does not materially adversely affect the interests of the holders, (ii) grant additional rights or security for the benefit of the holders, (iii) add events of default as shall not be inconsistent with the provisions of this Ordinance and that shall not materially adversely affect the interests of the holders, (iv) qualify this Ordinance under the Trust Indenture Act of 1939, as amended, or corresponding provisions of federal laws from time to time in effect, or (v) make such other provisions in regard to matters or questions arising under this Ordinance as shall not be inconsistent with the provisions of this Ordinance and that shall not in the opinion of the Issuer's Bond Counsel materially adversely affect the interests of the holders. (b) Except as provided in paragraph (a) above, the Registered Owner shall have the right from time to time to approve any amendment hereto that may be deemed necessary or desirable by the Issuer; provided, however, that without the consent of the Registered Owner, nothing herein contained shall permit or be construed to permit amendment of the terms and conditions of this Ordinance or in the Certificate so as to: (1) Make any change in the maturity of the Certificate; (2) Reduce the rate of interest borne by the Certificate; (3) Reduce the amount of the principal of, or redemption premium, if any, payable on the Certificate; (4) Modify the terms of payment of principal or of interest or redemption premium on the Certificate or impose any condition with respect to such payment; 19