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<br /> 130ft 1- <br /> Section 9.05. Funds Secured. <br /> Money in all Funds created by this Ordinance, to the extent <br /> not invested, shall be secured in the manner prescribed by law for <br /> securing funds of the City. <br /> Section 9.06. Debt Service Requirements. <br /> - <br /> (a) Promptly after the delivery of the Bonds the City shall <br /> cause to be deposited to the credit of the Interest and Sinking Fund <br /> any accrued interest received from the sale and delivery of the <br /> Bonds, and any such deposit shall be used to pay part of the <br /> interest next coming due on the Bonds. <br /> (b) In addition to the amounts required to be transferred <br /> from the Revenue Fund to the Interest and Sinking Fund pursuant to <br /> the ordinance authorizing the Previously Issued Parity Bonds, the <br /> City shall transfer from the Pledged Revenues and deposit to the <br /> credit of the Interest and Sinking Fund the amounts, at the times, <br /> as follows: <br /> (i) Such amounts, deposited in approximately equal <br /> monthly installments on or before the 25th day of ea'ch month <br /> hereafter, commencing with the month during" which the Bonds <br /> are delivered, or the month thereafter if delivery is made <br /> after the 25th day thereof, as wil1 be sufficient, together <br /> with other amounts, if any, then on hand in the Interest and <br /> Sinking Fund and available for such purpose, to pay the <br /> interest scheduled to accrue and come due on the Bonds on the <br /> next succeeding interest payment date; and <br /> (ii) Such amounts, deposited in approximately equal <br /> monthly installments on or before the 25th day of each month <br /> hereafter, commencing with the month during which the Bonds <br /> are delivered, or the month 'thereafter if delivery is made <br /> after the 25th day thereof, as will be sufficient, together <br /> with other amounts, if any, then on hand in the Interest and <br /> Sinking Fund and available for such. purpose, to pay the <br /> principal scheduled to mature and come due on the Bonds on the <br /> next succeeding principal payment date. <br /> Section 9.07. Reserve Requirements. <br /> The Reserve Fund shall be maintained in an amount equal to the <br /> average annual principal and interest requirements of all <br /> outstanding Previously Issued Parity Bonds, Bonds, and Additional <br /> Parity Bonds (the "Required Amount") calculated from the date of <br /> delivery of the Bonds or Additional Parity Bonds on the basis of the <br /> City's fiscal yea r. When and if the Reserve Fund contains less than <br /> 4588f <br /> -31- <br />