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<br /> (b) If the amount of money in the Interest and Sinking Fund <br /> is at least equal to the aggregate principal amount of the <br /> outstanding Bonds plus the aggregate amount of interest due and tha t <br /> will become due and payable on such Bonds, no further deposits to <br /> that fund need be made. In determining the aggregate principal <br /> amount of outstanding Bonds, there shall be subtracted the amount of <br /> any Bonds that have been duly called for redemption and for which <br /> money has been deposited with the Paying Agent/Registrar for such <br /> redemption. <br /> (c) Money on deposit in the Interest and S i nki ng Fund shall <br /> be used to pay the principal of and interest on the Bonds as such <br /> become due and payable. <br /> ARTICLE VIII <br /> INVESTMENTS <br /> Section 8.01. Investments. <br /> (a) Money in each fund created by this Ordinance, at the <br /> option of the City, may be invested in such securities or <br /> obligations as permitted under applicable law. <br /> (b) Any securities or obligations in which money is so <br /> invested shall be kept and held in trust for the benefit of the <br /> Bondholders and shall be sold and the proceeds of sale shall be <br /> timely applied to the making of all payments required to be made <br /> from the fund from which the investment was made. <br /> Section 8.02. Investment Income. <br /> Interest and income derived from investment of each fund <br /> established by this Ordinance shall be credited to such fund. <br /> ARTICLE IX <br /> PARTICULAR REPRESENTATIONS AND COVENANTS <br /> Section 9.01. Payment of the Bonds. <br /> <br /> While any of the Bonds are outstanding and unpaid, there shall <br /> be made available to the Paying Agent/Registrar, out of the Interest <br /> and Sinking Fund, money sufficient to pay the interest on and the <br /> maturity amount or principal of the Bonds, as applicable, as will <br /> accrue or mature on each applicable February I or August I. <br /> Section 9.02. Other Representations and Covenants. <br /> <br /> (a) The City will faithfully perform at all times any and <br /> all covenants, undertakings, stipulations, and provisions contained <br /> in this Ordinance and in each Bond; the City will promptly pay or <br /> 4177f <br /> -22- <br />