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<br /> ?J~A~ <br /> Section 8,06. Deficiencies in Funds, - <br /> If in any month the City shall, for any reason, fail to pay into the Interest and Sinking Fund <br /> and Reserve Fund the full amounts required, amounts equivalent to such deficiencies shall be set apart <br /> and paid into said Funds from the first available and unallocated revenues of the System for the <br /> following month or months and such payments shall be in addition to the amounts hereinabove <br /> provided to be otherwise paid into said Funds during such month or months. <br /> Section 8.07, Excess Revenues, <br /> Any revenues in excess of those required to establish and maintain the Funds as above' <br /> required may be used to purchase and retire Priority Obligations and/or Parity Revenue Obligations <br /> in the open market at not exceeding the market value thereof, the redemption of such obligations, or <br /> for any lawful purpose now or hereafter provided by law, <br /> Section 8.08, 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, <br /> and moneys on deposit in such funds shall be used only for the purposes permitted by this Ordinance. <br /> Section 8.09. Investments, . <br /> (a) Money in the Funds established by this Ordinance, at the option of the City, maybe <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 8,10, 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 L"X <br /> ADDITIONAL OBLIGATIONS <br /> Section 9.01.- Issuance of Additional ParitY Obligations Authorized. <br /> In addition to the right to issue obligations of inferior lien as authorized by the laws of this <br /> State, the City reserves the right to issue Additional Parity Obligations which, when duly authorized <br /> ""-'A. 'IMAA', wwss" 6A'1>0 =0 IW ~ -= f1< 29 <br />