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�.r crit` Page 22 necessLry investigation that the projected net revenues of the N System for the life of tiro then outstanding bonds payable from. System revenues and the proposed additional Revenue Bonds to be issued, small be equal to at least one and one-half (1-1/2) average annual debt service requirements of the then outstanding bonds and of the proposed additional bonds. Section 18. That the bonds of this issue shall be callable for pa —mans prior to maturity in accordance with the provisions pertaining thereto set forth in the bond form. Section 19. That all covenants, restrictions, conditions and provisions set forth in Sections 7, 8, 9, 11, 12, 13, 14, 153, 16, 19, 20, 21, 22, 23, 24, 252 27, 28, 30, 31, 32, 33 and 34 of Ordinance, No. 681, and all other provisions of said Ordinance No. 681, are hereby, each and all, ratified and confirmed, and shall continue in force and inure to the security and benefit of the bonds of this issue, together with the above referred to bonds.of the City, dated October 1, 1961, as fully and as effectively as if herein set out in full, it being the intent of this Section to give the bonds of tris issue the full benefit of all such covenants, restrictions, conditions and provisions,as well as the full benefit of the applicable provisions of the Constitution and laws of the State of Arkansas. Section 20. That the Trustee for the bonds of this issue shall be The First National Bank in Little Rock, Little Rock Arkansas. The Paying Agent for the bonds of this issue shall be The First National Bank in Little Rop-k, Little Rock , Arkansas, and the Alternate Paying Agent shall be The Chase Manhattan Bank Borough of Manhattan, City and State of New York.