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• <br /> a. Commencing with the month of April, 1960, and continuing <br /> as long as any of the Bonds are outstanding and unpaid, an amount equal <br /> to at least one-sixth of the amount necessary (after the demand or minimum <br /> monthly charges provided for in Section 5 of Ordinance No. 3633 have been <br /> paid into the Bond Redemption Fund) to pay the interest becoming due and <br /> payable on the next interest payment date on all of the Bonds then out- <br /> standing. <br /> b. Commencing with the month of April, 1960, and continuing <br /> through the month of September, 1961, an amount equal to at least one- <br /> eighteenth of the amount necessary to pay the principal of the Bonds be- <br /> coming due and payable on October 1, 1961. Thereafter, and commencing <br /> with the month of October 1, 1961, and continuing as long as any of the <br /> Bonds are outstanding and unpaid, an amount equal to at least one-twelfth <br /> of the amount necessary (after the demand or minimum monthly charges pro- <br /> vided for in Section 5 of Ordinance No. 3633 have been paid into the Bond <br /> Redemption Fund) to pay the principal of the Bonds becoming due and pay- <br /> able on the next principal payment date. <br /> Whenever there is sufficient money in the Bond Redemption Fund <br /> and the Reserve Account to pay the principal of and interest on all of the <br /> outstanding revenue bonds of the city the principal of and interest on whic <br /> are payable out of or secured by the money in the Bond Redemption Fund and <br /> Reserve Account, then no further payments need be made into the Bond Re- <br /> demption Fund. <br /> Said amounts so pledged to be paid into the Bond Redemption <br /> Fund and the Reserve Account are hereby declared to be a prior lien and <br /> charge upon the gross revenue of the System, including such demand or <br /> minimum monthly charges, superior to all other charges of any kind or <br /> nature except the normal cost of maintenance and operation of the System <br /> and the charges necessary to pay the principal of and interest on the <br /> Outstanding Prior Lien Bonds, and equal in rank to the charges necessary <br /> to pay the principal of and interest on the Outstanding Parity Bonds and <br /> to any charges which may later be made on such gross revenue to pay the <br /> principal of and interest on any Future Parity Bonds. <br /> -7- <br />