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a .i.h~ ~ • <br />a'barve atipul.ated, amunts equivalent to xuch +3eficieacies sha2.1 be set apart <br />and paid inta said Fmds f'"rrrm the fi:rst aoat31ab2e ani unallacated reveaues of <br />the taUcrw9.ag f3.xcal y+eeEr ax yemre, and auch pV=ntx shalll be in addition <br />to tho enouaate bere3.nabv" pravided tn be otherrise paid intn xaid Funde <br />during tncb fiscal yeeer crr years. <br />1$. (XXtEIBS F4FMM) Any rvmnuee in eacsss of those <br />req,uired to oatsbliah end maiatain the Funds ua abare required my ho used <br />For the a•edem*t3an of Bonis or Additiarual Bonds then e1Sgible frsr prior re-. <br />daaptian, or for the ptzymnt of any Uvfully iesued aubordinate lien wa:ter <br />and sewer bonTs, or fox eatezes3.ans of th.e Syatem to the extsnt row or hem- <br />aPtcer permittesi b-y 3.aw, and if, in the opin3.on of a ceampetent and generally <br />recognized angineew, such erGens3.ons xi11 parc+duce suffieient rwenues to pay <br />far their maintenance snd opmzati+am aud vill 3mpose na additicnaI acpense on <br />the thau existing system, cr tor any otlier 3.awf"uZ parrpaue. <br />19• (SECtTRM CF FUNDS) !k].1. :ptnds created b3r thia <br />qrdinatnee shaIl be secux'ed in the msnae:r snd to the fullest extent perm3tted <br />by the ].awe of the State of Texaes far the aecurity of public f'unclu, anci such <br />tunds staa7.l be used only forr the purp4see perm,t'tted tn thie ordinance. <br />20. (.ADDZTIONAL BOI+TDS) The City rcservEeE the right tv <br />issue Additiansl HonBs, vhic:h when issusda sha21 be secured by and p~,yab1,e <br />Frcm afirst 33.en ora eand pledgwe of tha rnet revenues of the System in the same <br />manner and tw the eame extent as are tha borxde e.uthorized by this Qrdinance <br />and euch bonds sha11 be in a1l tespect,s of egva.l dignitg vith the BvAft. The <br />Additiom3. Bonds my be issuod ia arne or mcre insfAL].l.ments provided, hcvever, <br />that noae of the Ardditionat Bonc3s xhmLU be issued unleass <br />(a) Each of 'the Fiando creai:esi by t,hia trrdins.nce ctimtains <br />the amount of mDney than required to be c~n deposit therein; <br />(b) The Net garnirgm of the Syater. :ar mch of th+e ttrca <br />twelve rronths periade next gretceding the date of fi,ht issuance sre equal tra at <br />I.ea$t 1-1/2 times fihe requirements terr the payment of pr3ncipal and 3.nterest <br />on the then outstsndi-ng Bonds and A3ditionel Bonds Pcrx the yvar tthen the amunt <br />