19 - Issuance and Sale of City of Paris Waterworks and Sewer System Revenue Bonds Series 2022 (2)

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"Attorney General" means the Attorney General of the State. "Average Annual Debt Service Requirements" means that average amount which, at the time of computation, will be required to pay the Annual Debt Service Requirements when due (either at Stated Maturity or mandatory redemption) and derived by dividing the total of such Annual Debt Service Requirements by the number of Fiscal Years then remaining before the latest Stated Maturity of such Bonds Similarly Secured. For purposes of this definition, a fractional period of a Fiscal Year shall be treated as an entire Fiscal Year. Capitalized interest payments provided from bond proceeds, accrued interest on any Bonds Similarly Secured, and interest earnings thereon shall be excluded in making such computation. "Bond Fund" means the Bond Fund described herein. "Bonds" means the "City of Paris, Texas, Waterworks and Sewer System Revenue Bonds, Series 2022", authorized and issued pursuant to this Ordinance. The term "Bonds" as used in this Ordinance shall mean and include collectively the Bonds initially issued and delivered pursuant to this Ordinance and all substitute Bonds exchanged therefor, as well as all other substitute Bonds and replacement Bonds issued pursuant hereto, and the term "Bond" shall mean any of the Bonds, unless the context clearly indicates otherwise in connection with the use of the term "Bonds". "Bonds Similarly Secured" means the Bonds and any Additional Bonds. "City" means the City of Paris, Texas. "Code" means the Internal Revenue Code of 1986, as amended. "Comptroller" means the Comptroller of Public Accounts of the State. "Council" means the City Council of the City. "Defeasance Securities" means any securities and obligations now or hereafter authorized by State law that are eligible to refund, retire or otherwise discharge obligations such as the Bonds. "Delivery Date" means date of delivery of the Bonds to the Underwriter, which is anticipated to occur on November 9, 2022. "Designated Financial Officer" means the City Manager or the Finance Director of the City, or such other City official so designated by the Council. "Fiscal Year" means the regular fiscal year used by the City in connection with the operation of the System, which may be any twelve consecutive month period established by the City. "Gross Revenues" mean all revenues, income and receipts of every nature derived or 2