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<br />this Ordinance or any provision hereof or in ascertaining intent, if any question of <br />intent should arise. <br /> <br />Section 1.05. Interpretation. <br /> <br />(a) Unless the context requires otherwise, words of the masculine gender <br />shall be construed to include correlative words of the feminine and neuter genders <br />and vice versa, and words of the singular number shall be construed to include <br />correlative words of the plural number and vice versa. <br /> <br />(b) This Ordinance and all the terms and provisions hereof shall be <br />liberally construed to effectuate the purposes set forth herein to sustain the validity <br />of this Ordinance. <br /> <br />ARTICLE II <br />SECURITY FOR THE BONDS <br /> <br />Section 2.01. Tax Levy for Payment of the Bonds. <br /> <br />(a) In order to provide for the payment of the debt service requirements <br />on the Bonds, being (i) the interest on the Bonds, and (ii) a sinking fund for their <br />payment at maturity or a sinking fund of two percent (whichever amount is the <br />greater), there is hereby levied for the current year and each succeeding year <br />thereafter, while the Bonds or interest thereon remain outstanding and unpaid, a tax <br />within legal limitations on each $100 valuation of taxable property in the City that <br />is sufficient to pay such debt service requirements, fun allowance being made for <br />delinquencies and costs of collection. <br /> <br />(b) The tax levied by this Section shall be assessed and collected each <br />year and applied to the payment of the debt service requirements on the Bonds, and <br />the tax shan not be diverted to any other purpose. <br /> <br />Section 2.02. Surplus Revenue Pledge. The Bonds are additionally secured by <br />and shall be payable from a pledge of Surplus Revenues. Notwithstanding the <br />requirements of Section 2.01, if Surplus Revenues are actually on deposit in the <br />Interest and Sinking Fund in advance of the time when ad valorem taxes are <br />scheduled to be levied for any year, then the amount of taxes which otherwise would <br />have been required to be levied pursuant to Section 2.01 may be reduced to the <br />extent and by the amount of the Surplus Revenues then on deposit in the Interest <br />and Sinking Fund. <br /> <br />Section 2.03. Additional Parity Bonds and Obligations. The City reserves the <br />right to issue additional bonds and other obligations to be payable from and secured <br />by a lien on and pledge of the Surplus Revenues on a parity and of equal dignity <br />with, and to the same extent as, the Bonds. <br /> <br />1659f <br /> <br />-4- <br />