Ordinance 830-81 - Laserfiche WebLink

authorizing the issuance of such Refunded Bonds; Third, to pay the interest on any Parity Bonds; Fourth, to pay the principal of any Parity Bonds; Fifth, to make all payments required to be made into the 2002 Sinking Fund Account to make the scheduled amortization payment described in paragraph (b) of Section 6 of this Ordinance and to make all payments which may hereafter be required to be made into any future Sinking Fund Account under any schedule for the amortization of Future Parity Term Bonds or for the purchase of "Government Obligations, " as such obligations are now or hereafter defined in Ch. 39 . 53 RCW, sufficient to accomplish such amortization; Sixth, to make all payments required to be made into the Reserve Account created to secure the payment of Parity Bonds; Seventh, to make all payments required to be made into any revenue bond redemption fund or revenue warrant redemption fund and debt service account or reserve account created to pay and secure the payment of the principal of and interest on any revenue bonds or revenue warrants of the City having a lien upon the Revenue of the System junior and inferior to the lien thereon for the payment of the principal of and interest on Parity Bonds; Eighth, to retire by redemption or purchase in the open market any outstanding revenue bonds or revenue warrants of the City, to make necessary additions, betterments, improvements and repairs to or extensions and replacements of the System, or for any other lawful City purposes. Section 6. Payments into Revenue Bond Fund. The "Revenue Bond Fund" has heretofore been created in the office of the Treasurer of the City for the purpose of paying and securing the -9- BD338 81/12/22