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. .w, Idelk • <br />the eume xhieh tould qtle:rwise be req,ui.red tc► be place+3 into the Interest and <br />R+~taemption Fuad tram the revernzee of the Syatem, <br />15. (PMMM PM) (?n pr bePorethe ZCYth dW oP each <br />month, baginuing Jauuary 10, 1952, there ehall be derpnited 3b the Reserve <br />Fund aa anount cf mney equu1 tca 25J6 of the amount the►n required to be paSd <br />into the! Intearest and Rldemption Fmd. R'2e Reserve Fxutd oha]1 be tused t,o pay <br />prirtcipal c►f sncl int+ereet oa tYte Bonds f'alY.3ag due at stay ti.mmie trh+sn thhert is <br />nat suPficient mon+ey aveilab].e in the Tnterest and Redemptlcm Fund. No pay- <br />ment rwed be nade 3n'to fihe Reserve Fmd a.fter t22erer sha11 have betu accum- <br />2ataed in eaid fund a,n amcvnt equa1 to $40, (?00, t9f#, eacept tla.st v2en said <br />Res+erv3 Ftaztd is reducod belcw that aaac►unt., paymente into the i"und ahalZ be <br />resumed and cuittnued unti.I such t3.me as the Fund las been xeetored to snch <br />sum. Money in th+e Reaeerve Fund my at the cygtion oY the C3.ty be invested in <br />d3rect obl3gatianr of the United Stettee af Amer3ca having maturitie►s not in <br />exeess of ten yeers i'rom the da.te vf the making trf such inveeatmexit. Ariy obli- <br />gstiflns in vla.ieh maney is so inv+eeted ahall be kept in etcroh► in the First <br />Netianal Bartk 3n I3+a].Us, I3al].asa Texas, slnd shall be prQmpt.ly so3d atid the <br />procodffi of salt a.pp].i.ed to the naking af psymernts requirred to be made f'°rom <br />the Reaerve Func3, vhenevex such Paymentas are neeessary to be made under thie <br />Section. The depoaits intv this Fund sha11 be eubdrdinate ta those requi.red <br />to be msde intc the Interest and Redemspticrn Furid. <br />16. (coN"PINGSNCY' A19Ti INEOYEMM FM) 4a cr befote <br />the 10th day af each nonth, betgi.nning January 10, 1952y there mheil be de- <br />i pasted in the CGntingencsr and Improvemecnt ftnd the sum af $200, 00 per mranth <br />i until the sum of $la, t00. t?Q has been aecwmu3.ated. In the eveat such amount <br />ehal2 be depletrad satd monthly psymnts shall be r+drsvaed and cantinued until <br />i <br />the 1"tzU amcaunt hts boen regtored. Money in the Cantingency and ITqncrmemient <br />Fund may be invsated tuider the conditions set forth in Section 15 zelating <br />to the inv+aetment of maaies ias the resexve acaount. This fuad shsll be ueed <br />tri pay ta;e cost Qf neeaeffia,r3r or +anergency repairs, tinder the circumstancee <br />and to the ext.ent permitted by 1m, for the paymeat of xhich no ather Punds <br />i are availsble. <br />17. (nZF;cMCNcM zN PURDS) If in sWisca.t year tne <br />eity shnl.3., for axzy x*esson, fsil tc pa,q into the Intereat aud Rea+euption Fund, <br />~ the Reserve Fumd and the Cc+atingency and Zmprcrvement pun<3 the ftU wnavnts <br />