88-033 ORD CERTIFICATE FOR ORDINANCE

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(e) The term "Additional Parity Revenue Bonds" shall mean the revenue bonds which the City reserves the right to issue in the future, which revenue bonds may be either "Additional Bonds" or "Prior Lien Additional Bonds", all as provided in Sections 23 and 24 of this Ordinance. (f) The term "System" shall mean (1) the Issuer's entire existing waterworks and sewer system, together with all future extensions, improvements, enlargements, and additions thereto, and all replacements thereof, and (2) at the sole option of the Issuer, which may or may not be exercised in the future, the Issuer's entire waterworks and sewer system, which may be added to the initial System, and (3) any other related facilities, all or any part of the revenues or income from which may, in the future, at the option of the Issuer, and in accordance with law, become "Pledged Revenues" as hereinafter defined; provided 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 obliga- tions of the Issuer which are not payable from or secured by any Pledged 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 extent otherwise provided in the ordinance or ordinances authorizing the issuance of such "Special Facilities Bonds". (g) The terms "Gross Revenues of the System" and "Gross Revenues" shall mean all revenues and income of every nature derived or received by the Issuer from the operation and ownership of the System, including the interest income from the investment or deposit of money in any Fund created by this Ordinance. (h) The terms "Net Revenues of the System", and "Net Revenues" shall mean all Gross Revenues after deducting and paying the current expenses of operation and maintenance of the System out of the System Fund, hereinafter created, including all salaries, labor, materials, repairs, and extensions necessary to render efficient service, provided, however, that only such repairs and extensions, as in the judgment of the Issuer Council, reasonably and fairly exer- cised by the adoption of appropriate resolutions, are necessary to keep the System in operation and render 23