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(b) All amounts remaining in the Construction Fund after the accomplishment of the <br /> purposes for which the Certificates are hereby issued, including investment earnings of the <br /> Construction Fund, shall be deposited into the Interest and Sinking Fund, unless a change in <br /> applicable law, as evidenced by an opinion of bond counsel,permits or authorizes all or any part of <br /> such funds to be used for other purposes. <br /> Section 8.04. Security of Funds. <br /> All moneys on deposit in the funds referred to in this Ordinance shall be secured in the <br /> manner and to the fullest extent required by the laws of the State of Texas for the security of public <br /> funds, and moneys on deposit in such funds shall be used only for the purposes permitted by this <br /> Ordinance. <br /> Section 8.05. Deposit of Proceeds. <br /> All of the proceeds of the Certificates, including the net original issue premium, shall be <br /> deposited to the Construction Fund and used for the purposes specified in Section 3.01 hereof and <br /> for paying the costs of issuance with respect to the Certificates. <br /> Section 8.06. Investments. <br /> (a) Money in the funds established by this Ordinance, at the option of the City, may be <br /> invested in such securities or obligations as permitted under applicable law. <br /> (b) Any securities or obligations in which money is so invested shall be kept and held in <br /> trust for the benefit of the Owners and shall be sold and the proceeds of sale shall be timely applied <br /> to the making of all payments required to be made from the fund from which the investment was <br /> made. <br /> Section 8.07. Investment Income. <br /> Interest and income derived from investment of any fund created by this Ordinance shall be <br /> credited to such fund. <br /> ARTICLE IX <br /> PARTICULAR REPRESENTATIONS AND COVENANTS <br /> Section 9.01. Payment of the Certificates. <br /> While any of the Certificates are outstanding and unpaid,there shall be made available to the <br /> Paying Agent/Registrar, out of the Interest and Sinking Fund, money sufficient to pay the interest <br /> on and the principal of the Certificates, as applicable, as will accrue or mature on each applicable <br /> Interest Payment Date. <br /> San Marcos CTRCO 2017:Ordinance 28 <br />