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

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Section 17. FUNDS SECURED. That money in all Funds created by this Ordinance, to the extent not invested, shall be secured in the manner prescribed by law. Section 18. PRIORITY OF DEPOSITS AND PAYMENTS FROM REVENUE FUND. That the Issuer shall make the deposits and payments from Net Revenues in the Revenue Fund when and as required by this Ordinance and any ordinance authorizing any Revenue Bonds, and such deposits shall be made in the following manner and with the following irrevocable priorities, respectively: First, to the Revenue Bonds Interest and Sinking Fund, when and in the amounts required by this Ordinance and any ordinance authorizing any Revenue Bonds; Second, to the Revenue Bonds Reserve Fund, when and in the amounts required by this Ordinance and any ordinance authorizing any Revenue Bonds; and Third, to the Revenue Bonds Contingency Fund, when and in the amounts required by this Ordinance and any ordinance authorizing any Revenue Bonds; and Section 19. INTEREST AND SINKING FUND REQUIREMENTS. (a) That promptly after the delivery of the Bonds the Issuer shall cause to be deposited to the credit of the Revenue Bonds Interest and Sinking Fund any accrued interest received from the sale and delivery of the Bonds, and any such deposit shall be used to pay part of the interest next coming due on the Bonds. (b) That the Issuer shall transfer from the Net Revenues and deposit to the credit of the Revenue Bonds Interest and Sinking Fund the amounts, at the times, as follows: (1) such amounts, deposited in approximately equal monthly installments on or before the lOth day of each month hereafter, commencing with the month during which the Bonds are delivered, or the month thereafter if delivery is made after the lOth day thereof, as will be sufficient, together with other amounts, if any, then on hand in the Revenue Bonds Interest and Sinking Fund and available for such purpose, to pay interest scheduled to accrue and come due on the Bonds, and any Revenue Bonds on the next succeeding interest payment date; (2) such amounts, deposited in approximately equal monthly installments on or before the lOth day of each month hereafter, commencing with the month during which the Bonds are delivered, or the month thereafter if delivery is made after the lOth day thereof, as will be sufficient, together with other amounts, if any, then on hand in the Revenue Bonds Interest and Sinking Fund and available for such purpose, to pay principal scheduled to mature and come due on the Bonds, and any Revenue Bonds on the nelct succeeding principal payment date; and 24