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"Project 1995" means the real, personal, or real and personal
<br />property, inc!udingundivided or other interests therein, identified in Exhibit B
<br />to the First Supplemental Indenture, and any other such property acquired,
<br />constructed or installed as a replacement or substitution therefor, or in
<br />addition thereto, including, without limitation, (i) the reconstruction of
<br />certain water mains and water service connections, together with the necessary
<br />appurtenances and work incidental thereto, during 1993 and 1994, the Cost of
<br />which is to be reimbursed to the Issuer from the proceeds of the Series 1995
<br />Bonds, and (ii) the reconstruction of certain other water mains and other water
<br />service connections, together with the necessary appurtenances and work
<br />incidental thereto, during 1995 and thereafter, if necessary, all as further
<br />described in Exhibit B to the First Supplemental Indenture.
<br />
<br /> "Purchase Price" means, with respect to the Series 1995 Bonds, that
<br />amount as shall be determined by the Fiscal Officer in the Certificate of Award,
<br />but such amount shall be no less than 98% of the principal amount of the Series
<br />1995 Bonds, together with accrued interest on the Series 1995 Bonds from their
<br />date to the date of their delivery and payment therefor.
<br />
<br /> "Series 1991 Bond Legislation" means Ordinance No. 51-91 of the
<br />Issuer passed on July 15, 1991.
<br />
<br /> "Series 1995 Bond Legislation" means this ordinance authorizing the
<br />issuance, sale and delivery of the Series 1995 Bonds and related matters.
<br />
<br /> "Series 1995 Bonds" means the Water System Mortgage Revenue Bonds,
<br />Series 1995, of the Issuer issued pursuant to this Series 1995 Bond Legislation,
<br />the First Supplemental Indenture and Section 2.05 of the Original Indenture.
<br />
<br /> '"Specified.Interest Rates" means the interest rate or rates per annum
<br />at which the Series 1995 Bonds bear interest, which rate or rates shall be
<br />determined by the Fiscal Officer in the Certificate of Award, provided the true
<br />interest cost may not exceed eight and 0/100 per centum (S.0%) per annum.
<br />
<br /> "Term Maturit~ Date" means, with respect to the Series 1995 Bonds,
<br />such date or dates on which Series 1995 Bonds which are Term Bonds, if any,
<br />mature at their stated maturities, as shall be determined by the Fiscal Officer
<br />pursuant to this Series 1995 Bond Legislation. and specified in the Certificate
<br />of Award; provided, however, that no such date shall be later than July 1, 2025.
<br />
<br /> "Trustee" means The Huntington National Bank, unless and until a
<br />successor Trustee shall have become such pursuant to the applicable provisions
<br />of the Indenture, and thereafter "Trustee" shall mean the successor Trustee.
<br />
<br /> The captions and headings in this Series 1995 Bond Legislation are
<br />solely for convenience of reference and do not define, limit or describe the
<br />scope or intent of any provisions or Sections of this Series 1995 Bond
<br />Legislation.
<br />
<br /> Section 2. Determination byLeqislative Authority; Authorization of
<br />the Series 199S Bonds. This Legislative Authority hereby determines that it is
<br />necessary and a proper municipal public purpose an~ in the best interest of the
<br />Issuer to, and the Issuer shall, issue, sell and deliver, as provided and
<br />authorized herein, the Series 1995 Bonds in the aggregate principal amount of not
<br />to exceed $3,300,000, as shall be determined by the Fiscal Officer in the
<br />Certificate of Award, pursuant to the authority of Article XVIII of the Ohio
<br />Constitution, the Charter of the Issuer and this Series 1995 Bond Legislation,
<br />and under and in accordance with the Original Indenture, as supplemented by the
<br />First Supplemental Indenture authorized herein, (i) to pay the Cost of the
<br />Improvements constituting Project 1995, (ii) to make the balance in the Bond
<br />Reserve Fund equal to the Bond Reserve Requirement and (iii) to pay certain
<br />Financing Costs of the Series 1995 Bonds.
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