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

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(b) to establish and maintain the Interest and Sinking Fund for the Series 1991 Bonds and the Interest and Sinking Fund and the Reserve Fund, if any, for the Series 1992 Bonds and Revenue Bonds; and (c) provide Net Revenues at least equal to 1.10 times the principal and interest requirements of the Series 1991 Bonds, the Series 1992 Bonds, and Revenue Bonds, if any, from time to time outstanding. (d) to pay, in addition, all outstanding indebtedness against the System, other than the Series 1991 Bonds, the Series 1992 Bonds, and Revenue Bonds, if any, as and when the same becomes due; and (e) to provide for the payments into any Cantingency Fund as may be required under the provisions of the ordinances authorizing the issuance of the Revenue Bonds, with such payments to be made if and only to the extent after providing for the required monthly deposits to the Interest and Sinking Fund for the Series 1992 Bonds and Revenue Bonds, if any. Section 11. REVENUE FUND. That there is hereby created and there shall be established and maintained on the books of the Issuer, and accounted for separate and apart from all other funds of the Issuer, a special fund to be entitled the "City of Paris Waterworks and Sewer System Revenue Bonds Revenue Fund" (the "Revenue Bonds Revenue Fund"). All Gross Revenues shall be credited to the Revenue Fund immediately upon receipt, unless otherwise provided in this Ordinance. All current expenses of operation and maintenance of the System shall be paid from such Gross Revenues credited to the Revenue Bonds Revenue Fund as a first charge against same. Before making any deposits hereinafter required to be made from the Revenue Bonds Revenue Fund, the Issuer shall retain in the Revenue Fund at all times an amount at least equal to one-sixth of the amount budgeted for the then current fiscal year for the current operation and maintenance expenses of the System. Section 12. INTEREST AND SINKING FUND. That for the sole purpose of paying the principal of and interest on the Bonds, and any Revenue Bonds, there is hereby created and there shall be established and maintained on the books of the Issuer, and accounted for separate and apart from all other funds of the Issuer, a separate fund to be entitled the "City of Paris Waterworks and Sewer System Revenue Bonds Interest and Sinking Fund" (the "Revenue Bonds Interest and Sinking Fund"). Section 13. RESERVE FLJND. That there is hereby created and there shall be established and maintained at the Issuer's depository bank a separate fund to be entitled the "City of Paris Waterworks and Sewer System Bonds Reserve Fund" (the "Revenue Bonds Reserve Fund"). The Reserve Fund shall be used to pay the principal of and interest on the Bonds, and any Revenue Bonds when and to the extent the amounts in the Interest and 22