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i <br />(a) such amounts, in equal monthly installments, <br />commencing on or before the lOth day of each month hereafter, <br />as will be sufficient to pay the interest scheduled to come <br />due on the Bonds on the next interest payment date; and <br />(b) such amounts, in equal monthly installments, <br />made on or before the lOth day of each month, commer.cing July 10; <br />1970, as will be sufficient to pay the next maturing principal <br />of the Bonds. <br />15. JUNIOR LIEN RESERVE FUND. On the lOth day of <br />each month hereafter, there shall be deposited into the Junior <br />Lien Reserve Fund an amount equal to 1/60th of the average <br />annual interest and principal requirements of the Bonds. This <br />Junior Lien Reserve Fund shall be used to pay the principal of <br />or interest on the Bonds falling due at any time when there is <br />not sufficient money available in the Interest and Sinking <br />Fund created for their payment. No payments need be made into <br />the Junior Lien Reserve Fund after there shall have been <br />accumulated in said Fund the amount of one year's average <br />annual requirements for the payment of the principal of and <br />interest on the Bonds, except that whenever said Junior Lien <br />Reserve Fund is reduced below that amount, payments into said <br />Fund shall be resumed and continued until such time as the Fund <br />has been restored to contain the amount of one year's average <br />annual requirements for the payment of the principal of and <br />interest on the Bonds. Money in the Reserve Fund may at the <br />option of the City be invested in direct obligations of the <br />United States of America having maturities not in excess of <br />