51-91 $4,750,000 Water System Mortgage Revenue Bonds

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in the future to issue Additional Bonds, as hereinafter defined, for the purposes, upon satisfaction of the conditions and in the manner provided in the Indenture, as hereinafter defined. Section 2. Definitions. In addition to the words and terms defined elsewhere in this ordinance, the following words and terms as used in this ordinance, in the Indenture and in the Series 1991 Bonds shall have the following meanings unless otherwise provided in those documents and unless the context or use indicates another or different meaning or intents "Additional Bonds" means the revenue bonds of the Issuer which may be issued under Sections 2.04, 2.05 or 2.06 of the Indenture. Issuer. "Authorized Official" means the Mayor or the Fiscal Officer of the "Bond Counsel" means Calfee, Halter & Griswold or a firm of attorneys selected by the Issuer of nationally recognized standing on the subject of municipal bonds. "Bond Fund" means the Bond Fund created in Section 5.06 of the Indenture, which shall include the Interest Account and Principal Account therein. "Bond Legislation" means this ordinance providing for the issuance of the Series 1991 Bonds and authorizing the execution of the Indenture, and any other ordinance of the Issuer providing for the issuance of a Series of Additional Bonds and, when used with reference to any particular Series of Bonds, also includes any Certificate of Award that is required to be executed prior to the issuance of such Series by that ordinance, and any ordinance modifying, amending or supplementing any such ordinance. "Bond Reserve Fund" means the Bond Reserve Fund created in Section 5.06 of the Indenture. "Bond Reserve Requirement" means, as of the date of any calculation, that amount which is at least equal to the maximum amount of Bond Service Charges in any subsequent Bond Year. "Bond Service Charges" means, for any period of time, the principal of (whether at stated maturity, by Sinking Fund Requirement, as defined in the Indenture, by acceleration or otherwise), and interest and any premium required to be paid by the Issuer on, the Bonds for that period or payable at that tithe, as the case may be. "Bond Year" means each one year period ending July 1. "Bonds" means the Series 1991 Bonds and any Additional Bonds issued under Sections 2.04, 2.05 or 2.06 of the Indenture, irrespective of whether such bonds are designated bonds or notes. "Book-entry form" or "Book-entry system" means a form or system under which (i) the beneficial right to principal and interest may be transferred only through a book-entry, (ii) physical bonds in registered form are issued to a Depository or its nominee as registered owner, with the bonds "immobilized" in the custody of the Depository, and (iii) the book-entry is a record that identifies the owner of beneficial interests in that principal and interest. "Certificate of Award" means any certificate of award executed by an Authorized Official pursuant to Bond Legislation setting forth and determining those terms or other matters pertaining to a Series of Bonds and their issuance, sale and delivery as the Bond Legislation authorizing their issuance provides may -2-