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<br />(e) to provide for the payments into any Contingency Fund as may be required under the <br />provisions of the ordinances authorizing the issuance of the Bonds, the Outstanding Bonds, and any <br />Revenue Bonds, with such payments to be made if and only to the extent after providing for the <br />required monthly deposits to the Interest and Sinking Fund for the Bonds, the Outstanding Bonds, <br />and Revenue Bonds, if any. <br /> <br />Section 11. REVENUE FUND. That there has been created and there shall be established <br />and maintained on the books of the Issuer, and accounted for separate and apart from all other funds <br />of the Issuer, a special fund to be entitled the "City of Paris Waterworks and Sewer System Revenue <br />Fund" (the "Revenue Fund"). All Gross Revenues shall be credited to the Revenue Fund <br />immediately upon receipt, unless otherwise provided in this Ordinance. All current expenses of <br />operation and maintenance of the System shall be paid from such Gross Revenues credited to the <br />Revenue Fund as a first charge against same. Before making any deposits hereinafter required to <br />be made from the Revenue Fund, the Issuer shall retain in the Revenue Fund at all times an amount <br />at least equal to one-sixth of the amount budgeted for the then current fiscal year for the current <br />operation and maintenance expenses of the System. <br /> <br />Section 12. INTEREST AND SINKING FUND. That for the sole purpose of paying the <br />principal of and interest on the Bonds, the Outstanding Bonds, and any Revenue Bonds, there has <br />been created and there shall be established and maintained on the books of the Issuer, and accounted <br />for separate and apart from all other funds of the Issuer, a separate fund to be entitled the "City of <br />Paris Waterworks and Sewer System Interest and Sinking Fund" (the "Interest and Sinking Fund"). <br /> <br />Section 13. RESERVE FUND. That there has been created and there shall be established <br />and maintained at the Issuer's depository bank a separate fund to be entitled the "City of Paris <br />Waterworks and Sewer System Reserve Fund" (the "Reserve Fund"). The Reserve Fund shall be <br />used to pay the principal of and interest on the Bonds, the Outstanding Bonds, and any Revenue <br />Bonds, when and to the extent the amounts in the Interest and Sinking Fund available for such <br />payment are insufficient for such purpose, and may be used for the purpose of finally retiring the last <br />of the Bonds, the Outstanding Bonds, and any Revenue Bonds. <br /> <br />Section 14. CONTINGENCY FUND. That there has ben created and shall be established <br />and maintained at the Issuer's depository bank a separate fund to be entitled the "City of Paris <br />Waterworks and Sewer System Contingency Fund" (the "Contingency Fund"). The Contingency <br />Fund shall be used to pay the cost of any repairs or extensions to the System for the payment of <br />which no other funds are available. The Contingency Fund may also be used to pay the principal <br />of and interest on the Bonds, the Outstanding Bonds, and any Revenue Bonds, at any time when <br />there are not sufficient monies in the Revenue Fund, Interest and Sinking Fund and Reserve Fund <br />for such purposes. <br /> <br />Section 15. DEPOSITS OF PLEDGED REVENUES. That Net Revenues shall be credited <br />to or deposited in the Interest and Sinking Fund, the Reserve Fund, the Contingency Fund, and other <br /> <br />24 <br />