88-033 ORD CERTIFICATE FOR ORDINANCE

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and interest requirements of all then outstanding bonds of any nature or lien which are payable from Pledged Revenues and which are scheduled to be outstanding after the delivery of the then proposed Additional Bonds. It is specifically provided, however, that in calculat- ing the amount of Pledged Revenues for the purposes of this subsection (b), if there has been any increase in the rates or charges for services of the System which is then in effect, but which was not in effect during all or any part of the entire period for which the Pledged Revenues are being calculated (hereinafter referred to as the "entire period") then the certified public accountant shall deter- mine and certify the amount of Pledged Revenues as being the total of (i) the actual Pledged Revenues for the entire period, plus (ii) a sum equal to the aggregate amount by which the actual billings to customers of the System during the entire period would have been increased if such in- creased rates or charges had been in effect during the entire period. (c) If the then proposed bonds are to be Additional Bonds, an independent registered professional engineer of the State of Texas, or an independent firm of engineers acting by and through a registered professional engineer of the State of Texas, signs a written certificate to the effect that, in his or its opinion, during each fiscal year while any Bonds or Additional Bonds are scheduled to be outstanding, beginning with the fiscal year next following the date of the then proposed Additional Bonds, the Pledged Revenues estimated to be received during each of said fiscal years, respectively, will be at least equal to 1.25 times the principal and interest requirements, during each such fiscal year, respectively, of all bonds of any nature or lien which are payable from Pledged Revenues and which are scheduled to be outstanding after the issuance of the then proposed Additional Bonds. In arriving at such opinion there may be taken into consideration any prospective additions to the System or the Pledged Revenues, any sched- uled, projected, or reasonably expected changes in rates and charges, anticipated increases or decreases in Pledged Revenues or maintenance and operation expenses of the System, and any other factor which in his or its opinion would have a material impact on the Pledged Ravenues. (d) If the then proposed bonds are to be Prior Lien Additional Bonds, provision shall be made in the ordinance authorizinq their issuance for funding or increasing the Prior Lien Reserve Fund to the Required Prior Lien Reserve Amount as required by Section 17 hereof. 34