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~ <br />months from the date of the Additional Junior Lien Bonds, by <br />the deposit in said Reserve Fund of the necessary amount in <br />equal monthly installments; provided, however, that the aggre- <br />gate amount to be accumulated in said Reserve Fund shall never <br />be required to exceed the average annual principal and interest <br />requirements for all then outstanding Bonds and Additional <br />Junior Lien Bonds; <br />(f) Al1 calculations of average annual principal and <br />interest requirements made pursuant to this Section are to be <br />made as of and from the date of the Additional Junior Lien Bonds <br />then proposed to be issued. <br />21. ADDITIONAL FIRST LIEN BONDS. <br />(a) The City reserves the right to issue the Auth- <br />orized but Unissued Bonds, in one or more series or issues, <br />which when issued and delivered, shall be payable from and <br />secured by a lien on and pledge of the Net Revenues of the <br />System in the same manner and to the same extent as the First <br />Lien Bonds, in accordance with the requirements for the issuance <br />of Additional Bonds contained in the Ordinance dated December <br />13, 1951, which authorized the City of Paris Waterworks and <br />Sewer Improvement and Extension Revenue Bonds, Series 1952; and <br />such bonds and the First Lien Bonds shall in all respects be <br />on a parity and of equal dignity. Provided, so long as the <br />Texas Water Development Board is the holder of any of the Bonds, <br />the City shall not issue and deliver any of the Authorized but <br />Unissued Bonds until the maturity schedule of the series or <br />issue of the Authorized but Unissued Bonds then proposed to be <br />issued has been approved by the Texas Water Development Board. <br />