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(b) compensation for those legal services in accordance with its proposal and letto~ of engagement. Underwriter. The City retains the services of A.G Edwards & Sons, Inc., as Underwriter for the Notes. The Underwriter must be paid for services in accordance with its underwriting proposal Registrar. The City retains the services of The Hm~lington National Bank, br 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. The Registrar must be paid for those services in accordance with the Registrar Agreement. Ratings and Insurance. If, in the judgment of the Director of Finance, the filing of an application for (1) a rating on the Notes by one or more nationally- recognized 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 Director of Finance must prepare and submit those applications and provide to each of those agencies or co~npanies the information required for the purpose. This Council further authorizes the fees for those ratings, and the preuuiums for the insurance to be included in Financing Costs authorized under Section 8(0 below. (e) Limits on Authority of Service Providers. In rendering the services described above, as independent contractors, those service providers must not exercise 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. (f) Payment of Financing Costs. Tiffs Council authorizes and approves the expenditure of the mounts necessary to pay those Financing Costs specifically authorized above and all other necessary Financing Costs in connection with the issuance and sale of the Notes. Those Financing Costs may 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 payraent of those Financing Costs from the proceeds of the Notes to the extent available and, otherwise, from any other funds lawfully available and approprihted thr the purpose Section 9. Use o~ Note Proceeds. The proceeds fi'om the sale of the Notes must be deposited and used es provided in this Section 9 Any accrued 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 the payment of interest on the Notes at their maturity, The remainder of the proceeds must be paid into the proper fund or fimds 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 Director of Finance determines to pay those Financing Costs fi~m the proceeds of the Notes. Section i0. Security 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: (i) The general taxing power of the City, including the power to levy taxes within the ten-mill limitation, as defined in Sectiort 5705.02, Revised Code. 4