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- 5 - City including the CUSIP Service Bureau charge for the assignment of such numbers. 6. The City covenants that it shall comply with the provisions of Section 103 and 141-150 of the Internal Revenue Code of 1986, and the Treasury Regulations promulgated or proposed to be promulgated thereunder, applicable to the Bonds, throughout the term of the Bonds. 7. The Bonds shall not be included in determining the limitation upon the power of the City to incur indebtedness under the provisions of Article VII, Section 10, of the Constitution of Virginia, but from and after November 6, 1995, whenever and for so long as the City's water and sewerage system fails to produce sufficient revenues to pay the cost of operation and administration (including interest on bonds issued therefor), the cost of insurance against loss or injuries to persons and property, and an annual amount to be placed into a sinking fund sufficient to pay at or before maturity all bonds (including the Bonds) issued on account of such system, all such bonds (including the Bonds) outstanding shall be included in determining the limitation upon the power of the City to incur indebtedness. 8. The Bonds shall be sold in one or more series in accordance with the provisions of paragraph 1 at public or' private sale, as determined by the City Manager, at such price and on such other terms and conditions as are determined by the City Manager. The sale and the definitive details of the Bonds shall be approved, ratified and confirmed by resolution of this Council. If the Bonds of any series are to be sold at public sale, the City Manager of the City is authorized to cause to be published and distributed a notice of sale of such series of the Bonds, or, in lieu of publishing the full text of such notice of sale, to publish a summary thereof, such publication to be made in The Bond Buyer, a financial newspaper published in the City of New York, New York, with the date of the first publication to be at least seven (7) days prior to the date of sale of such series of the Bonds, and the City Manager is further authorized to cause to be prepared and distributed a preliminary and a final Official Statement relating to each series of the Bonds. 9. The Bonds, the certificate of authentication of the registrar, and the assignment endorsed on the Bonds, shall be in substantially the forms set forth below with such changes in format as may be appropriate to conform with customs and practices applicable to comparable securities: