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(d) Registrar. The City re~ains the services of The Huntington National Bank, or another bank or trust company as determined oy the Director of Finance in the Certificate of Award, to act as Registrar for the Notes. The Regislrar must perform the services as bond registrar, authenticating agent, paying agent, and transfer agent for the Notes as provided in this ordinance. The R~gistrar must be paid for those services m 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 ratlng agencies or (2l 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 companies the information required for the purpose. This Council further ~authorizes the fees for those ratings and the premiums for the insurance to be included in Financing Costs authorized under Section 8(fl below (e) (fl 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, rules and mgulafious 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 necessary to pay those Financfl~g Costs specifically authorized above and all other necessary Financing Costs in couneetion with the issuance and sale of the Notes Those Financing Costs may be paid by the Underwriter. To the extent they are nos paid by the Underwriter, this Council authorizes and directs the Director of Finance to provide for the payment of those Financing Costs fi:om the proceeds of the Notes to the extent available and, otherwise, from any other funds lawfully available and appropriated for the purpose. Section 9. Use of Note Proceeds. The proceeds from the sale of the Notes must be deposited and used as provided in this Section 9 (al Any accrued interest or premium received on the sale of the Notes tnust bo 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 funds and used for the paymant 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 extant that the Director of Finance determines to pay those Financing Costs from the proceeds of the Notes. Section 10. Securitw and Sources of Paymant. The Notes will be general obligations of the City. (~) This Council pledges to the payment of Debt Service on the Notes the full faith and credit of the City including, without limitation: (1) The general taxing power of the City, including the power to levy taxes within the ten-mill limitation, as defined in Section 570502, Revised Code. (2) The prOceeds to be received from the sale of any notes issued to retired the Notes and of the Bunds in anticipation of which the Notes are issued. (3) Any money remaining from the sale of the Notes and not required for the payment of costs of the Project. 4