20 & 21-APPROVE ABATEMENT REQUEST AS PRESENTED

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United States of America, including, but not limited to, evidences of indebtedness issued, insured or guaranteed by such governmental agencies as the Federal Land Banks, Federal Intermediate Credit Banks, Banks for Cooperatives, Federal Home Loan Banks, Government National Mortgage Association, Farmers Home Administration, Federal Home Loan Mortgage Association, Small Business Administration, or Federal Housing Association; provided that all such deposits and investments shall be made in such a manner that the money required to be expended from such fund will be available at the proper time or times. All interest and income derived from deposits and investments in such Fund shall be credited to, and any losses debited to, such fund. All such investments shall be sold promptly when necessary to prevent any default in connection with the City Obligations. SECTION 6: Tax Levv. To provide for the payment of the Debt Service Requirements being (i) the interest on the City Obligations and (ii) a sinking fund for their redemption at Stated Maturity or a sinking fund of 2% of the principal amount (whichever amount shall be the greater), there shall be and there is hereby levied for the current year and each succeeding year thereafter while the City Obligations or any interest thereon shall remain outstanding, a suffcient tax, within the limitations prescribed by law, on each one hundred dollars' valuation of taxable property in the City, adequate to pay such Debt Service Requirements, full allowance being made for delinquencies and costs of collection; said tax shall be assessed and collected each year and applied to the payment of the Debt Service Requirements, and the same shall not be diverted to any other purpose. The taxes so levied and collected shall be paid into the Bond Fund and are thereafter pledged to the payment of the City Obligations. The City Council hereby declares its purpose and intent to provide and levy a tax legally and fully sufficient to pay such Debt Service Requirements, it having been determined that the existing and available taxing authority of the City for such purpose is adequate to permit a legally sufficient tax in consideration of all other outstanding indebtedness and other obligations of the City and that such levy will not exceed the applicable legal limitations. SECTION 7: Deposits to Bond Fund. The City hereby covenants and agrees to cause to be deposited in the Bond Fund prior to a payment date for the City Obligations, from the annual levy of an ad valorem tax, or from other lawfully available funds, amounts suffcient to fully pay and discharge promptly the City Obligations as the same accrues or matures or comes due by reason of Stated Maturity. SECTION 8: Security of Funds. All money on deposit in the Bond Fund for which this Ordinance makes provision (except any portion thereof as may be at any time properly invested as provided herein) shall be secured in the manner and to the fullest extent required by the laws of the State of Texas for the security of public funds, and money on deposit in such Fund shall be used only for the purposes permitted by this Ordinance. SECTION 9: Remedies in Event of Default. In addition to all the rights and remedies provided by the laws of the State of Texas, the City covenants and agrees particularly that in the event the City (a) defaults in the payments to be made to the Bond Fund or (b) defaults in the observance or performance of any other of the covenants, conditions, or obligations set forth in this Ordinance, the Authority and the Department shall be entitled to seek a writ of mandamus issued by a court of proper jurisdiction compelling and requiring the City Council of the City and other officers of the City to observe and perform any covenant, condition, or obligation prescribed in this Ordinance. 95604560.7 -6-