12-95 Water System Bonds $3,300,000

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(h) Additional Authorizations. The Mayor, the Fiscal Officer, the Clerk and the Legal Officer are hereby authorized and directed to take any and all actions necessary or proper consistent with the terms of this Series 1995 Bond Legislation and the Indenture to effect the execution, authentication and delivery of the Series 1995 Bonds to the Original Purchaser, including without limitation the execution of financing statements, assignments and instruments necessary or appropriate to perfect, to the extent permitted by law, the lien of the Indenture applicable to the Utility or any part thereof and to the Special Funds and the furnishing of the appropriate certificates, opinions and other instruments provided for in this Series 1995 Bond Legislation and in the Indenture. Section 4. Security and Sources of Payment. The Series 1995 Bonds shall be issued on a parity with the Series 1991 Bonds and any Additional Bonds hereafter issued as to the Holder's rights and securityunder the Indenture. Bond Service Charges on the Series 1995 Bonds shall be payable from those sources as set forth in Section 3.04 of the Original Indenture. Payment of Bond Service Charges on the Series 1995 Bonds shall be secured only as provided for in the Indenture. Section 5. Allocation of Purchase Price of the Series 1995 Bonds. The Purchase Price shall be received and receipted by the Fiscal Officer, or by the Trustee on the Issuer's behalf, and shall be allocated, deposited and credited as follows: (a) the amount representing accrued interest, as such amount is specified in the Certificate of Award, shall be deposited to the credit of the appropriate account in-the Bond Fund created by Section 5.06 of the Indenture; (b) the amount, if any, to provide the Bond Reserve Requirement (if not met from the amount presently on deposit in the Bond Reserve Fund) shall be deposited to the credit of a separate account in t. he Bond Reserve Fund; and (c) the balance of the proceeds shall be deposited to the credit of a separate account in the Construction Fund for the payment of the Cost of the Improvements constituting Project 1995. Section 6. IncorDoratlon of the Series 1991 Bond Legislation. It is fur=herunderstoodand acknowledged that the Series 1995 Bonds are being issued pursuant to the terms of the Series 1991 Bond Legislation, the Original Indenture and the Series 1995 Bond Legislation and are subject to all the terms and cond/tions of the Series 1991 Bond Legislation and the Original Indenture, except as such terms and conditions are inconsistent with the terms and conditions of this Series 1995 Bond Legislation and the First Supplemental Indenture. Ail terms, conditions, covenants and warranties contained in the Series 1991 Bond Legislation, including, without limitation, Section 10 thereof, except as otherwise to the contrary provided herein, are incorporated in this Series 1995 Revenue Bond Ordinance and shall apply with like forceand effect to this Series lS95 Bonds as if originally made in connection therewith. Section 7. ReDresentations, Warranties and Covenants of Issuer. In addition to other covenants of the Issuer herein, the Issuer, by issuance of the Series 1995 Bonds, reaffirms and confirms the covenants and agreements contained in the Original Indenture with respect to the Holders of the Series 1995 Bonds. The Issuer represents and warrants that it is duly authorized by the Constitution and the laws of the State of Ohio, particularly Article XVIII of the Constitution of Ohio and the Charter, to issue the Series 1995 Bonds authorized hereby and to execute the First Supplemental Indenture, andto pledge the Special Funds and the Wa=er Revenue Fundand the Water Reserve Fund in the mannerand to -7-