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<br /> <br /> <br /> <br /> <br /> <br /> Small Business Administration, Federal Housing Association, <br /> or Participation Certificates in the Federal Assets Financ- <br /> ing Trust; provided that all such deposits and investments <br /> shall be made in such manner that the money required to be <br /> expended from any Fund will be available at the proper time <br /> or times. Such investments shall be value in terms of <br /> current market value as of the last day of each fiscal year. <br /> All interest and income derived from such deposits and <br /> investments immediately shall be credited to, and any losses <br /> debited to, the Fund from which the deposit or investment <br /> was made, and surpluses in any Fund shall or may be disposed <br /> of as hereinafter provided. Such investments shall be sold <br /> promptly when necessary to prevent any default in connection <br /> with the Bonds, Additional Bonds, or Prior Lien Additional <br /> Bonds, consistent with the ordinances, respectively, author- <br /> izing their issuance. <br /> (c) That money in all Funds created by this Ordinance, <br /> to the extent not invested, shall be secured in the manner <br /> prescribed by law. <br /> Section 15. PRIORITY OF DEPOSITS AND PAYMENTS FROM <br /> SYSTEM FUND. That the Issuer shall make the deposits and <br /> payments from Pledged Revenues in the System Fund when and <br /> as required by this Ordinance and any ordinance authorizing <br /> Additional Parity Revenue Bonds or any other subordinate <br /> lien bonds, and such deposits shall be made in the following <br /> order and with the following irrevocable priorities, respec- <br /> tively: <br /> 1. to the Prior Lien Additional Bonds Account in the <br /> Interest and Sinking Fund, when and in the amounts <br /> required by this Ordinance and any ordinance <br /> authori2ing any Prior Lien Additional Bonds; <br /> 2, to the Prior Lien Reserve Fund, when and in the <br /> amounts required by this Ordinance and any ordi- <br /> nance authorizing any Prior Lien Additional Bonds; <br /> 3. to the Outstanding Refunding Bonds and Additional <br /> Bonds Account in the Interest and Sinking Fund, <br /> when and in the amounts required by this Ordinance <br /> and any ordinance authorizing the issuance of <br /> Additional Bonds; <br /> 4. to the Reserve Fund, when and in the amounts <br /> required by this Ordinance and any ordinance <br /> authorizinq any Additional Bonds; <br /> 5. to the payment of principal, interest, and reserve <br /> fund requirements for any bonds which hereafter <br /> may be issued by the Issuer that are payable from <br /> and secured by a lien on and pledge of the Pledged <br /> <br /> 27 <br />