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<br />Third, to the Contingency Fund, when and in the amounts required by this Ordinance and
<br />any ordinance authorizing any Revenue Bonds; and
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<br />Section 19. INTEREST AND SINKING FUND REQUIREMENTS. (a) That promptly after
<br />the delivery of the Bonds the Issuer shall cause to be deposited to the credit of the Interest and
<br />Sinking Fund any accrued interest received from the sale and delivery ofthe Bonds, and any such
<br />deposit shall be used to pay part of the interest next coming due on the Bonds.
<br />
<br />(b) That the Issuer shall transfer from the Net Revenues and deposit to the credit of the Interest
<br />and Sinking Fund the amounts, at the times, as follows:
<br />
<br />(I) such amounts, deposited in approximately equal monthly installments on or before
<br />the 10th day of each month hereafter, commencing with the month during which the Bonds
<br />are delivered, or the month thereafter if delivery is made after the 10th day thereof, as will
<br />be sufficient, together with other amounts, if any, then on hand in the Interest and Sinking
<br />Fund and available for such purpose, to pay interest scheduled to accrue and come due on
<br />the Bonds, the Outstanding Bonds, and any Revenue Bonds, on the next succeeding interest
<br />payment date;
<br />
<br />(2) such amounts, deposited in approximately equal monthly installments on or before
<br />the 10th day of each month hereafter, commencing with the month during which the Bonds
<br />are delivered, or the month thereafter if delivery is made after the 10th day thereof, as will
<br />be sufficient, together with other amounts, if any, then on hand in the Interest and Sinking
<br />Fund and available for such purpose, to pay principal scheduled to mature and come due on
<br />the Bonds, the Outstanding Bonds, and any Revenue Bonds, on the next succeeding principal
<br />payment date; and
<br />
<br />Section 20. RESERVE FUND REQUIREMENTS. The Issuer has on deposit in the Reserve
<br />Fund $1,476,668, and in addition to amounts required to be transferred to the Fund, the Issuer shall
<br />deposit into Fund from available Net Revenues $3,348 on the 10th day of each month hereafter
<br />commencing on April 10, 2000 until $1,677,519 has been accumulated in the Fund which is the
<br />Required Reserve Amount, which amount is equal to the average annual principal and interest
<br />requirement on the Bonds and the Outstanding Bonds. The Issuer shall maintain an amount of
<br />money and investments equal to the average annual principal and interest requirements ofthe Bonds,
<br />the Outstanding Bonds, and any Revenue Bonds, if any, (the "Required Reserve Amount").
<br />Following the issuance of Bonds, the Required Reserve Amount shall be equal to the average annual
<br />principal and interest requirements of the Bonds, and any Revenue Bonds then outstanding. After
<br />the delivery of any Revenue Bonds the Issuer shall cause the Reserve Fund to be increased, if and
<br />to the extent necessary, so that such fund will contain an amount of money and investments equal
<br />to the Required Reserve Amount. Any increase in the Required Reserve Amount may be funded
<br />from Net Revenues or from proceeds from the sale of any Revenue Bonds, or any other available
<br />source or combination of sources. All or any part of the Required Reserve Amount not funded
<br />initially and immediately after the delivery of any installment or issue of Revenue Bonds shall be
<br />funded, within not more than five years from the date of such delivery, by deposits of Net Revenues
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