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Bonds, which are issued and secured under Ordinance No. 91-11-1, adopted and approved November 12 , 1991 (the "Basic Ordinance") . The Series 1995 Bonds are issued as "Additional Bonds" under the Basic Ordinance. Accordingly, the provisions of the Basic Ordinance are incorporated herein to secure and provide for the payment and enforcement of the Series 1995 Bonds, including without limitation, those pertaining to the maintenance of rates (Section 7) , the maintenance of various funds and a Debt Service Reserve (Sections 9 to 12 , inclusive) , the issuance of Additional Bonds (Section 14) , default and remedies consequent thereon (Section 20) , amendment (Section 21) and investment of funds (Section 22) . The Series 1995 Bonds shall be secured pursuant to the Basic Ordinance, regardless of the discharge of the Series 1991 B Bonds. Section 7 . Section 14 of the Basic Ordinance is hereby amended to read as follows: "Section 14 . So long as any Bonds are outstanding under the provisions of this Ordinance, the City shall not issue or attempt to issue any bonds claimed to be entitled to a priority of lien on System Revenues over the lien securing such Bonds. The City reserves the right to issue Additional Bonds to finance or refinance the cost of constructing any future extensions, betterments or improvements to the System, but the City shall not authorize or issue any such Additional Bonds ranking on a parity with the outstanding Bonds unless and until there shall have been procured and filed with the Trustee a statement by an independent certified public accountant not in the regular employ of the City reciting the opinion, based upon necessary investigation, that Net Revenues for the fiscal year immediately preceding the fiscal year in which it is proposed to issue such Additional Bonds shall equal not less than 120% of the maximum annual principal and interest requirements on all the then outstanding Bonds payable from System Revenues and the Additional Bonds then proposed to be issued. For the purposes of the computation required by this paragraph, additional amounts may be added to the Net Revenues of the completed fiscal year immediately preceding the issuance of Additional Bonds, as follows: If, prior to the issuance of the Additional Bonds and subsequent to the first day of such preceding fiscal year, the City shall have increased its rates or charges imposed for services of the System there may be added to the Net Revenues of such fiscal year the additional Net Revenues which would have been received from the operation of the System during such fiscal year had such increase been in effect throughout such fiscal year, as reflected by a certificate of a duly qualified consulting engineer not in the regular employ of the City and approved by the Trustee. " Section 8 . When the Series 1995 Bonds have been executed and the seal of the City impressed as herein provided, they shall be delivered to the Trustee, and the Trustee shall authenticate them and deliver them to the Underwriter upon payment in cash of j-k.y�mw95.00 -10-