1760 ORD CERTIFICATE FOR ORDINANCE AUTHORIZING BONDS

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shall increase the rates and charges for services of the System to make up for any such deficiencies. 18. EXCESS REVENUES. The Net Revenues of the System, in excess of those necessary to establish and maintain the Funds ~ as req`uired in this Ordinance, or as hereafter may be required in connection with the issuance of Additional Bonds may be used for any lawful purpose. 19. SECURITY FOR FUNDS. Al1 Funds created by this Ordinance shall be secured in the manner and to the fullest extent permitted or required by law for the security of public funds, and such Funds shall be used only for the purposes and in the manner permitted or required by this Ordinance. 20. ADDITIONAL JUNIOR LIEN BONDS. The City reserves the right to issue additional parity revenue bonds, to be known as Additional Juniar Lien Bonds, which when issued and delivered shall be payable from and secured by a lien on and pledge of the Net Revenues of the System, in the same manner and to the same exte-at as the Bonds or any bonds issued to refund the Bonds; and the Bonds and all Additional Junior Lien Bonds shall in a11 respects be on a parity and of equal dignity. The Additional Junior Lien Bonds may be issued in one or more installments or series, provided, however, that no installment or series of Additional Junior Lien Bonds shall be issued unless: (a) A certificate is executed by the Mayor and City Clerk of said City to the effect that no default exists in connection with any of the covenants or requirements of the ordinance or ordinances authorizing the issuance of all then outstanding Bonds and Additional Junior Lien Bonds;