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E. The term Debt Service Requirements shall mean, as of any particular date of <br />computation, with respect to any obligations and with respect to any period, the aggregate of the <br />amounts to be paid or set aside by the City as of such date or in such period for the payment of <br />the principal of and interest on such obligations, including the City Obligations; assuming, in the <br />case of obligations without a fixed numerical rate, that such obligations bear interest at the <br />maximum rate permitted by the terms thereof and further assuming in the case of obligations <br />reyuired to be redeemed or prepaid as to principal prior to Stated Maturity. <br />F. The term Depository shall mean an official depository bank of the City. <br />G. The term Fiscal Year shall mean shall mean the twelve month financial <br />accounting period used by the City ending September 30 in each year, or such other twelve <br />consecutive month period established by the City. <br />H. The term Interest Payment Date shall mean the date interest is payable on the <br />City's payment obligations pursuant to the SIB Loans, being March 29th of each year, <br />commencing March 29, 2013. <br />L The term Ordinance shall mean this ordinance adopted by the City Council of the <br />City on October 8, 2012. <br />J. The term Stated Maturity shall mean the portion of the annual payments of the <br />City's payment obligations pursuant to the SIB Loans designated as principal and payable on <br />March 29 of each year, as set forth in Section 2 of this Ordinance. <br />SECTION 5: Bond Fund — Investments. For the purpose of paying the interest on and <br />to provide a sinking fund for the payment, redemption and retirement of the City Obligations, <br />there shall be and is hereby created a special fund to be designated "INTERLOCAL <br />COOPERATIVE AGREEMENT AND SINKING FL1ND" (the Bond Func�, which Fund shall be <br />kept and maintained at the Depository, and money deposited in such Fund shall be used for no <br />other purpose. Authorized Officials of the City are hereby authorized and directed to make <br />withdrawals from the Bond Fund sufficient to pay the City Obligations as the same become due <br />and payable and shall cause to be transferred to the Authority from money on deposit in the <br />Bond Fund an amount sufficient to pay the City Obligations, such transfer of funds to the <br />Authority to be made in such manner as will cause immediately available funds to be deposited <br />with the Authority on or before the business day next preceding each payment date for the City <br />Obligations as set forth in the Interlocal Cooperative Agreement. <br />Pending the transfer of funds to the Authority, money in any fund created and established <br />by this Ordinance, at the option of the City, may be placed in time deposits, certificates of <br />deposit, guaranteed investment contracts, or similar contractual agreements, as permitted by the <br />provisions of the Public Funds Investment Act, as amended, Chapter 2256, Texas Government <br />Code, secured (to the extent not insured by the Federal Deposit Insurance Corporation) by <br />obligations of the type hereinafter described, or be invested, as authorized by any law, including <br />investments held in book-entry form, in securities including, but not limited to, direct obligations <br />of the United States of America, obligations guaranteed or insured by the United States of <br />America, which, in the opinion of the Attorney General of the United States, are backed by its <br />full faith and credit or represent its general obligations, or invested in indirect obligations of the <br />95604560.7 -5- <br />