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is sufficient to pay such debt service requirements, full allowance being made for delinquencies and costs of collection. (c) The tax levied by this Section shall be assessed and collected each year and applied to the payment of the debt service requirements on the Certificates, and the tax shall not be diverted to any other purpose. Section 2.02. Revenue Pledge The Certificates are additionally secured by and shall be payable from a pledge of the Surplus Revenues. The City shall deposit any Surplus Revenues or other lawful revenues being used to pay debt service on the Certificates to the credit of the Interest and Sinking Fund created in Section 8.01(a)(i) of this Ordinance to the extent necessary to pay principal and interest on the Bonds. Notwithstanding the requirement of Section 2.01(a)(b) and (c) above, if Surplus Revenues or other lawful revenues are actually on deposit or budgeted for deposit in the Interest and Sinking Fund in advance of the time when ad valorem taxes are scheduled to be levied for any year, then the amount of taxes which otherwise would have been required to be levied pursuant to Section 2.01 may be reduced to the extent and by the amount of the Surplus Revenues or other lawful revenues then on deposit in the Interest and Sinking Fund or budgeted for deposit therein. The City Manager is hereby ordered to do any and all things necessary to accomplish the transfer of monies to the Interest and Sinking Fund of this issue in ample time to pay such items of principal and interest. Section 2.03. Perfection of Security Interest Chapter 1208, Texas Government Code applies to the issuance of the Certificates and the pledge of the taxes and revenues granted by the City under Sections 2.01 and 2.02 of this Ordinance, and such pledge, therefore, is valid, effective, and perfected. If Texas law is amended at any time while the Certificates are outstanding and unpaid such that the pledge of the taxes granted by the City under Section 2.01 of this Ordinance is to be subject to the filing requirements of Chapter 9, Texas Business and Commerce Code, then in order to preserve to the registered owners of the Certificates of the Certificates the perfection of the security interest in said pledge, the City agrees to take such measures as it determines are reasonable and necessary under Texas law to comply with the applicable provisions of Chapter 9, Business and Commerce Code and enable a filing to perfect the security interest in said pledge to occur. San Marcos CTRCO 2010: Ordinance