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18 <br /> 3anuary 13,1988 <br /> P. Purchase of Bonds in Open Market. <br /> City furNer reserves the right to use at any ti <br /> surplus Revenue of the System available after p v <br /> for the payments required by paragraphs through <br /> n <br /> st r:7oduTbiag4h; <br /> Seventh,inclusive,of Section 8 of this ordinance, or <br /> other available funds,to purchase any of the 1988 Fonds <br /> in the oen market for retirement only, if the same may <br /> be chasedpuat a price not exceeding that at which they <br /> could ecalled for redemption on the first succeeding <br /> date on which they may be called,plus accrued interest. <br /> puThe principal amount of my 1985 Term Fonds purchased <br /> rsuant to this subsection 1,,,,be deducted from the <br /> principal amount of 1988 Term Bonds required te, he <br /> ,L redeemed on the next m2wwl,q,,y redemption date. <br /> 4. Section 8 of the Ordinance is amended to read as <br /> follows; <br /> I <br /> i, <br /> , Section a. Priority of Payments from Revenue Fund. <br /> A special fund of the City known as the"Water and Sewer <br /> Revenue Fund"hatheretofore been established in the <br /> office of the Traaurer into which shall be deposited <br /> the Revenue of the System as collected, except the <br /> , <br /> interest earned and income derived from inveetthnts of <br /> moneys in the Revenue Bond Fund and the accounts <br /> , therein. The Revenue Fund shall be held separate and <br /> apart from all other funds and account•of the City and <br /> the Revenue of the System deposited in such Fund shall <br /> I be used only for the following purposes and in the <br /> following order of Priority: <br /> Operation;First, to pay the Costs of Maintenance end <br /> . <br /> Second, to pay the principal of and interest <br /> on the Refunded Bonds, if any payments ahould be <br /> required,.the order of priority and from the sources <br /> , <br /> 2 provided an the ordinances authorizing the issuance of 2 <br /> such Refunded Sonde; <br /> Third, to make all payments required to be . <br /> made into the Debt Service Account to pay the interest . <br /> . on,,,,,parity Bonds; . <br /> Ice. th, to make all payments required to be ' <br /> 1 made into the Debt Service Account to pay the PrinciPal <br /> of any Parity Bonds; <br /> .-3 .t, to make all payments required to be <br /> made into the 1955 Sinking Fund Account, the 1988 <br /> , Silqi122 Fund 85..2,21, and into any Sinking Fund Account <br /> , <br /> . i hereafter created to provide for the payment of the <br />. 2 Principal of Term Ronde: <br />';,' <br />. , <br /> . <br /> , <br />