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I ing the 'outstanding Bonds for cancellation, or for redeeming the outstanding Bonds in inverse numerical and maturity order at not to exceed the call price, or for any other lawful purpose. Section XIV. Security for Funds. All funds created by this Ordinance shall be secured in the manner and to the fullest extent permitted by law for the security of public funds, and such funds shall be used solely for the purposes permitted by this Ordinance. Section XV. Investment of Funds. Funds on deposit to the credit of the accounts and funds hereinabove established and main- tained in conformity with the provisions of this Ordinance shall be invested by the Depository Bank, upon the request of the City, in direct obligations of, or obligations the principal of and the interest on which are guaranteed by, the United states Government. The investments shall be valued in terms of current market value as of June 30th and December 31st of each year. Any obligations in which money is so invested shall be held subject to the same lien as the money Which was used to purchase such obligations and shalL be sold when so ordered by the City, and the City shall in all events order such sale when necessary to prevent any default in connection with the Bonds. Section XVI. Additional Bonds. The City of San Marcos reserves the right to issue, in one or more installments, Addition- al Bonds or obligations payable from or secured by a lien on or pledge of the revenues of the System, and said ~dditional Bonds, when issued in compliance with law and the terms and conditions hereinafter appearing, shall be equally and ratably secured by and payable from a lien on. and pledge of the net revenues of the System, and shall be in all respects on a parity and of equal dignity with the Bonds. The right to issue Additional Bonds at any time is subject to the following limitations, restrictions, and conditions: (a) The Additional Bonds are authorized and issued in con- formity with the Constitution and applicable Statutes of the State of Texa's; I II - 16 - )