83-027 ORD CERTIFICATE FOR ORDINANCE

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F ~ ~ v any ordinance authorizing any Prior Lien Addi- ~ tional Bonds; ~ Second, to the Prior Lien Reserve Fund, when and in the amounts required by this Ordinance and ~ any ordinance authorizing any Prior Lien ~ g~ Additional Bonds; ~ s ~ Third, to the Bonds and Additional Bonds Account in ~ the Interest and Sinking Fund, when and in the amounts required by this Ordinance and any or- j ; dinance authorizing the issuance of Additional ? Bonds; ~ F Fourth, to the Reserve Fund, when and in the amounts ~ f'e required by this Ordinance and any ordinance ~ authorizing any Additional Bonds; ~ ~ Fifth, to the payment of principal, interest, and ~ reserve fund requirements for any bonds which C ~ hereafter may be issued by the City that are ~ payable from and secured by a lien on and pledge of the Pledged Revenues whiqh is subor- ~ dinate to the liens of the Bonds, Additional Bonds, and Prior Lien Additional Bonds, when s and in the amounts required by any ordinance au- 3 thorizing the issuance of such subordinate lien ; bonds; and ~ ; I Sixth, to the Improvement and Contingency Fund, when ~ and as required by Section 19 of this Ordinance. ~ ai Y~ Section 16. INTEREST AND SINKING FUND REQUIREMENTS. ~ (a) That there is hereby created, and if, in the ~ ~ future, any Prior Lien Additional Bonds are issued by the ~ City there shall be established and maintained, a separate ; account within the Interest and Sinking Fund to be known as ~ the "Prior Lien Additional Bonds Account", for the sole ~ benefit of such bonds. Deposits shall be made to the credit ~ of said Account monthly, on or before the lOth day of each month while any Prior Lien Additional Bonds are outstanding, ' in amounts sufficient, together with any other funds on hand ~ "i therein, to pay all of the interest or principal and inter- est coming due, or required to be redeemed prior to maturity ~ , pursuant to any mandatory redemption requirements, on the + next succeeding June 15 or December 15, respectively, all as ~ required by any ordinance authorizing any such Prior Lien ~ Additional Bonds. Such deposits shall be made in approxi- ~ mately equal monthly installment to the extent practicable. ~ f} (b) That there is hereby created and there shall be j established and maintained a separate account within the In- a terest and Sinking Eund to be known as the "Bonds and Addi- ~ tional Bonds Account", for the sole benefit of such bonds. ~ On or before July 10, 1983, and monthly, on or before the j lOth day of each month thereafter, while any Bonds or Ad- ~ ~ ditional Bonds are outstanding, deposits shall be made to ; the credit of said Account in amounts sufficient, together y with any other funds on hand therein, to pay the interest or principal and interest coming due, or required to be re- ' deemed prior to maturity pursuant to the mandatory redemp- ~ tion requirements for the Bonds and Additional Bonds, on the t next succeeding June 15 or December 15, respectively, all as ~ li required by this Ordinance and any ordinances authorizing ~ any Additional Bonds. It is specifically ordained that such ; deposits shall be sufficient to provide the funds necessary ~ to redeem prior to maturity the principal amounts of the ~ Bonds, respectively, when required to be redeemed pursuant ' ~i to the mandatory redemption requirement set forth on the ~ s faces of the Bonds and in the Form of Bonds in Section 6 of a ~ 9 s ; i 4!