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¢) Underwriter. The City retains the services of A,G. Edwards & Sons, Inc., as Underwriter fox' the Notes. The Underwriter must be paid for services in accordance with its underwriting proposal. Regis~'ar. The City retains the services of The Huntington National Bank, or another bank or trust company as determined by the Director of Finance in the Certificate of Award, to act as Registrar for the Notes The Registrar must perform the services as bond registrar, authenticating agent, paying agent, and transfer agent for the Notes as provided in this ordinance. Ttle Registrar must be paid for those services in accordance with the Registrar Agreement. Ratings and Insurance. If, in the judgmant of the Director of Finance, the filing of au application for (1) a rating on the Notes by one or more nationally- recogn/zed rating agencies or (2) a policy of insurance to better assure the payment of principal of and interest on the Notes; is in the best interest of and financially advantageous to the City, the Dkector of Finance must prepare and submit those applicatious mid provide to each of those agencies or companies the information required for the purpose. Th/s Council further authorizes the fees for those ratings and the premiums fox' the insurance to be included in Financing Costs authorized under Section 8(f) below (e) Limits on Authority of Service Providers. In rendering the services described above, as independent contractors, those service providers must not exei:cise any administrative discretion on behalf of the City in the formulation of public policy; expenditure of public funds; enforcement of laws, roles and regulations of the State of Ohio, the City, or any other political subdivision; or the execution of public trusts. Payment of Financing Costs. This Council authorizes and approves the expenditure of the amounts n6cessary to pay those Financing Costs specifically authorized above mid all other neceasary Financing Costs in counection with the issuance and sale of the Notes. Those Financing Costs tnay be paid by the Underwriter To the extent they are not paid by the Underwriter, this Council authorizes and directs the Director of Finance to provide for the payment of those Finmacing Costs fi.om the proceeds of the Notes to the extent available and, otherwise, fi.om any other funds lawfully available and appropriated for the purpose. Section 9, Use of Note Proceeds; The proceeds fi.om the sale of the Notes must be deposited and used as provided in this Section 9. (a) Any aeomed interest or premium received on the sale of the Notes must be deposited in the Bond Retirement Fund of the City and be used for th~ payment of interest on the Notes at their maturity. (b) The remainder of the proceeds auust be paid into t/~e proper fund or funds and used for the payment of the costs of the Project and any Financing Costs of the Notes to the extent that those Financing Costs are not paid by the Underwriter and to the extent that the Direotoi~ of Finaneo determines to pay those Financing Costs fi.oin the proceeds of the Notes. Section 10. Seourit~ and Sources of Payment. The Notes will be general obligations of the City (a) This Council pledges to the payment of Debt Service on the Notes the full faith and credit of the City including, without limitation: The general taxing power of the City, including the power to levy taxes within the ten-mill limitation, as defined in Section 5705.02, Revised Code. (2) The proceeds to be received fi.om the sale of any notes issued to refund the Notes and of the Bonds in anticipation of which the Notes are issue& 4