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its meaning, construction or effect; <br /> (e) All references herein to "articles," "sections" and other subdivisions or <br /> clauses are to the corresponding articles, sections, subdivisions or clauses hereof. <br /> (f) Words importing the singular number include the plural number and vice <br /> versa. <br /> Section 2. Compliance with Parity Conditions The Council hereby finds and <br /> determines, as required by Section 14 of Ordinance No. 1963-93, and Section 13 of Ordinance <br /> No. 2208-97, as follows: <br /> That the Bonds are being issued for the purpose of refunding at or prior to their maturity <br /> outstanding revenue bonds payable out of the Revenue of the System; <br /> That at the time of issuance of the Bonds, the City shall have on file (i) a certificate of the <br /> Treasurer showing that there is no deficiency in the Revenue Bond Fund or any accounts therein <br /> and (ii) a certificate of the Finance Director showing that issuance of the Bonds results in a debt <br /> service savings and does not require an increase of more than $5,000 in any year for principal <br /> and interest on the Bonds; <br /> That the Bonds shall be payable out of the Revenue Bond Fund, and that the Reserve <br /> Account requirements in Ordinance Nos. 1963-93 and 2208-97 will be fulfilled on or prior to the <br /> date of issuance of the Bonds; and <br /> That the requirements of Section 14.A(3) of Ordinance No. 1963-93, and 13.A(3) of <br /> Ordinance No. 2208-97 with respect to any Assessments securing the Refunded Bonds are met <br /> by the terms and conditions of this ordinance. <br /> -11- P\CMW\CMW5BE 02/05/21 <br />