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Section 11 . In the event that money and/or "government <br /> obligations , " as defined in Chapter 39 . 53 RCW as now or here- <br /> after amended, maturing at such time or times and bearing inter- <br /> est to be earned thereon in amounts (together with such money, <br /> if necessary) sufficient to pay and retire the Bonds in accor- <br /> dance with their terms , are set aside in or for the account of <br /> the Bond Fund for the Bonds to effect such payment and retire- <br /> ment, and such money and the principal of and interest on such <br /> government obligations are set aside in a special fund and <br /> pledged irrevocably for such purpose, then no further payments <br /> need to be made into the Bond Fund for the payment of the <br /> principal of and interest on the Bonds , and the Bonds shall <br /> cease to be entitled to any lien, claim, benefit or security of <br /> this ordinance or of the Local Improvement Guaranty Fund except <br /> the right to receive the money so set aside and pledged, and <br /> thereafter the Bonds shall be deemed not to be outstanding <br /> hereunder . <br /> Section 12 . The City covenants that in the event existing <br /> or future litigation results in the reduction of the amount of <br /> the final assessment rolls of Local Improvement Districts Nos . <br /> 713 , 714A and 716A, whether by settlement or by court judgment , <br /> the City will pay into the Bond Fund, either as a part of the <br /> City' s contribution to the cost of the improvements or from <br /> supplemental assessments or reassessments in such districts , an <br /> amount equal to the amount of such reduction plus interest on <br /> such assessment amount at the interest rate thereon fixed by <br /> - 10 - <br />