01-92 Sanitary Sewer Bonds $6,500,000

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shall obtain informal proposals from more than one provider of such insurance. If the Fiscal Officer determines it to be in the best interests of and a. financial advantage to the Issuer to purchase such insurance, this Legislative Authority authorizes and directs the Fiscal Officer to select the proposal of the provider of such insurance that in his discretion is the lowest and best prop6sal and to set forth his selection in the Certificate of Award. ~-~~. This Legislative Authority hereby authorizes and directs any two of the Mayor, the Fiscal Officer Or the Director of Public Works to execute the Fiscal Agent and Bond Registrar Agreement relating to the Series 1992 Bonds (the "Fiscal Agent Agreement..), substantially in the form on file with the Clerk of Council, with such changes as shall be approved by the officers of the Issuer executing the same on behalf of the Issuer. The approval of such changes and of the Fiscal Agent Agreement shall be conclusively evidenced by the execution of the Fiscal Agent Agreement by such officers. Section 13. Pursuant to subsection (a)(vi) of Section 38 of the General Bond Legislation, subsection (b) of Section 4 of the General Bond Legislation is hereby amended in its entirety to read as follows: "(b) ~. Bonds, and Notes in anticipation thereof, to be issued pursuant to this General Bond Legislation and Series Legislation shall be issued only for the purpose of providing funds (i) to pay (A) the costs of acquisition, construction and improvement of the Utility facilities, including, without limitation, Improvements thereto and acquisitions therefor, and (B) those certain costs set forth in Section 133.15(B), Ohio Revised Code, including, without limitation, financing costs or (ii) to refund or advance refund Bonds,. and Notes in anticipation thereof, issued to pay the costs enumerated in the preceding clause (i)." Pursuant to subsection (a)(vi) of Section 38 of the General Bond Legislation, Section ].3 of the General Bond Legislation is hereby~supplemented and amended by adding the following new subsection (g) as the last subsection therein: "(g) During the time that any Bonds or Notes are outstanding under this General Bond Legislation, the Issuer will not issue additional Bonds or Notes pursuant to this General BOnd Legislation unless the ratio of (i) the total receipts as estimated by the County Auditor to be received from the Levy in the year in which such additional Bonds or Notes are to be issued to (ii) the estimated Bond ServiCe Charges due and payable in each year on such additional Bonds or Notes plus the Bond -12-