Ordinance 2298-98 - Laserfiche WebLink

"Finance Director" means the duly qualified and acting Finance Director of the City or the successor to the duties of such office. "Maximum Annual Debt Service" means, with respect to any issue of Parity Bonds, the maximum amount of Annual Debt Service that will become due in any future calendar year on such Parity Bonds then outstanding. "Net Revenue" means the Revenue of the System less the Costs of Maintenance and Operation. "1988 Bonds" means the outstanding Water and Sewer Revenue and Refunding Bonds, 1988 of the City issued under date of February 1, 1988, pursuant to Ordinance No. 1433-88. "1992 Bonds" means the outstanding Water and Sewer Revenue Bonds, 1992 of the City issued under date of October 15, 1992, pursuant to Ordinance No. 1891-92. "1992 State Bond" means the outstanding Water and Sewer Revenue Bond, 1992 (State Loan) of the City, issued under date of October 21, 1992, pursuant to Ordinance No. 1891-92 and the SRF Loan Agreement. "1993 Bonds" means the outstanding Water and Sewer Revenue Refunding Bonds, 1993 of the City, issued under date of October 1, 1993, pursuant to Ordinance No. 1963-93. "1997 Bonds" means the outstanding Water and Sewer Revenue Bonds, Series 1997, of the City, issued under date of March 1, 1997, pursuant to Ordinance No. 2208-97. "Outstanding Parity Bonds" means the 1988 Bonds, the 1992 Bonds, the 1992 State Bond,the 1993 Bonds and the 1997 Bonds. "Parity Bonds" means the Outstanding Parity Bonds, the Bond and any water and sewer revenue bonds, warrants or other obligations that the City may hereafter issue having a lien upon the Revenue of the System for the payment of the principal thereof and interest thereon equal to the lien upon the Revenue of the System of the Outstanding Parity Bonds and the Bond. "Permitted Investments" means (1) bonds, notes and other evidences of direct indebtedness of the United States of America and securities unconditionally guaranteed as to the -6- DOTOQ5 DOC 98/04/28