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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 manner <br />and to the fullest extent required by the laws of the State of Texas for the security of public funds, and <br />moneys on deposit in such funds shall be used only for the purposes permitted by this 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 for <br />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 on <br />and the principal of the Certificates, as applicable, as will accrue or mature on each applicable Interest <br />Payment Date. <br />26 <br />San Marcos CIRCO 2019: Ordinance <br />