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<br />(4) Evidences of ownership of proportionate interests in future interest and <br />principal payments on obligations described in clause (I) above held by a bank or trust <br />company as custodian. <br /> <br />G) "Interest Rate" shall mean the rate of interest on the 1998 Bond which, when <br />calculated on the basis of a 365/366-day year, as the case may be, shall be equal to four and thirty-six <br />hundredths percent (4.36%) per annum. <br /> <br />(k) "Maturity Date" shall mean, with respect to the unpaid principal of and interest on the <br />1998 Bond, July I, 2008. <br /> <br />(1) "1998 Bond" shall mean the Utilities Tax Revenue Bond, Series 1998, authorized by <br />this Ordinance to be issued in a principal amount not to exceed $4,900,000. <br /> <br />(m) "Ordinance" shall mean this Ordinance as the same may from time to time be amended <br />and supplemented in accordance with the terms hereof <br /> <br />(n) "Owner," "Bondholder" or "registered holder" or any similar term shall mean the Bank <br />or, subject to the provisions of Section 2.4 hereof: any successor registered holder of the 1998 Bond, <br />provided that there shall never be more than 1 registered holder at anyone time. <br /> <br />(0) "Parity Obligations" shall mean any notes, bonds or other forms of indebtedness, <br />payable from the Pledged Revenues on parity with the 1998 Bond, whether or not such obligations are <br />issued under this Ordinance. <br /> <br />(P) "Paying Agent" shall mean the City's Finance Department or, if the City Commission <br />shall so determine by subsequent proceeding, any bank or trust company and any successor bank or <br />trust company appointed by the City to act as Paying Agent hereunder. <br /> <br />(q) "Payment Date" shall mean each January 1, April 1, July 1 and October 1, commencing <br />October 1, 1998, the Maturity Date and any date the principal of the 1998 Bond is optionally prepaid <br />in whole or in part. <br /> <br />(r) "Pledged Revenues" shall mean all moneys on deposit in the Debt Service Fund derived <br />from the proceeds of the Utilities Tax required to be deposited therein each month in accordance with <br />the provisions of this Ordinance. <br /> <br />(s) "Prime Rate" shall mean the annual interest rate most currently quoted in The Wall <br />Street Journal, eastern edition as the "Prime Rate." <br /> <br />(t) "Registrar" shall mean the City's Finance Department or, if the City Commission shall <br />so determine by subsequent proceeding, any bank or trust company and any successor bank or trust <br />company appointed by the City to act as Registrar hereunder. <br /> <br />(u) "Tax Certificate" shall mean the Arbitrage Certificate of the City executed on the date <br />of initial delivery of the 1998 Bond. <br /> <br />(v) "D. S. Obligations" shall mean the direct obligations of: or obligations on which the <br />timely payment of principal and interest are unconditionally guaranteed by the United States of <br />America, and, if determined by subsequent proceedings of the City Commission, certificates which <br /> <br />5 <br />