92-013 ORD CERTIFICATE FOR ORDINANCE AUTHORIZING ISSUANCE OF COP WATERWORKS AND SEWER SYSTEM REVENUE BONDS SERIES 1992

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that, notwithstanding the foregoing, and to the extent now or hereafter authorized or permitted by law, the term System shall not mean any sewer, water, or other facilities of any kind which are declared not to be a part of the System, and which are acquired or constructed by the Issuer with the proceeds from the issuance of "Special Facilities Bonds", which are hereby defined as being special revenue obligations of the Issuer which are not payable from or secured by any Net Revenues, but which are secured by and payable from liens on and pledges of any other revenues, sources, or payments, including, but not limited to, special contract revenues or payments received from any other legal entity in connection with such facilities; and such revenues, sources, or payments shall not be considered as or constitute Gross Revenues of the System unless and to the elctent otherwise provided in the ordinance or ordinances authorizing the issuance of such "Special Facilities Bonds". (j) The term "year" or "fiscal year" shall mean the fiscal year used by the Issuer in connection with the operation of the System. Section 9. PLEDGED REVENUES. The Series 1992 Bonds are Revenue Bonds as authorized to be issued pursuant to Section 13 of the Ordinance that authorized the Series 1991 Bonds, and said Series 1992 Bonds are being issued in accordance with the provisions of Section 14(e) of such Ordinance and do not have to comply with paragraph (b) of that section. The Series 1992 Bonds and any Revenue Bonds shall be secured by and payable from a first lien on and pledge of the Net Revenues of the System, and the Net Revenues are further pledged to the establishment and maintenance of the Funds created by this Ordinance and any funds created by any ordinance authorizing the issuance of any other Revenue Bonds. Section 10. MAINTENANCE OF RATES. The Issuer hereby covenants and agrees that it will at all times, while any of the Series 1991 Bonds, Series 1992 Bonds, or any Revenue Bonds or any interest thereon, are outstanding and unpaid, charge and collect for services rendered by the System rates sufficient to pay all maintenance, depreciation, replacement, betterment, and interest charges, and to provide an Interest and Sinking Fund sufficient to pay the interest and principal of such Series 1991 Bonds, Series 1992 Bonds and Revenue Bonds as such interest and principal mature, and any outstanding indebtedness of the System, as is required by applicable statutes of Texas. For the benefit of the original purchasers and all subsequent holders of the Series 1991 Bonds, Series 1992 Bonds and Revenue Bonds, or any part thereof, and in addition to all other provisions and covenants in the laws of the State of Texas, and in this Ordinance, it is expressly covenanted that the Issuer shall fix and maintain rates and collect charges for the facilities and services afforded by the System to the Issuer, and to all other customers, which will provide revenues sufficient at all times: (a) to pay all operating, maintenance and replacement charges of the System, as is required by Article 1113 of the Civil Statutes, as amended, and by other applicable statutes of the State of Texas; ' 21