REFUNDING BOND ORDINANCE OF THE CITY OF NEWARK, COUNTY OF ESSEX, STATE OF NEW JERSEY (THE “CITY”) PROVIDING FOR THE REFUNDING OF CERTAIN GENERAL OBLIGATION WATER UTILITY BONDS AND GENERAL OBLIGATION WATER UTILITY REFUNDING BONDS OF THE CITY, BOTH SERIES 2005, APPROPRIATING AN AMOUNT NOT TO EXCEED $11,500,000.00 THEREFOR AND AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $11,500,000.00 WATER UTILITY REFUNDING BONDS, SERIES 2016 OF THE CITY FOR FINANCING THE COST THEREOF. Public Hearing will be held on December 16, 2015.