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All. moneys in the Repair and Replacement Reserve Account <br /> may be drawn on and used by the City for the purpose of paying the <br /> cost of unusual or extraordinary maintenance or repairs , renewals <br /> and replacements not paid as part of the ordinary and normal expense <br /> of the Parking System operations . However, in the event the funds in <br /> the Bond and Interest Sinking Fund Account should be reduced below <br /> (1) the debt service reserve of $149 ,420 . 00 , plus (2) the amount <br /> necessary to meet the interest on the Series A Bonds , Series B Bonds <br /> and Series C Bonds due on the next interest payment date , and (3) <br /> one-half of the principal due within the succeeding twelve months , <br /> funds on deposit in the Repair and Replacement Reserve Account shall <br /> be transferred to the Bond and Interest Sinking Fund Account to the <br /> extent required to eliminate the deficiency in that account. <br /> Section 18 . Subject to making the foregoing maximum deposits , <br /> the City may use the balance of excess funds in the Revenue Fund <br /> Account at the close of each fiscal year: <br /> 1 . To redeem outstanding Series A Bonds , Series B Bonds <br /> and Series C Bonds on the next interest payment date in inverse <br /> numerical order and in amounts of not less than $20 , 000 . 00 par value <br /> at one time , or <br /> 2 . For any expenditures , including the payment of debt <br /> service on parity or junior lien bonds in improving or restoring any <br /> Parking System facilities , or providing any additional Parking System <br /> or related facilities , or <br /> 3 . For any lawful purpose related to the Parking System. <br /> Section 19 . The City covenants and agrees to transfer from <br /> the gross revenues of its on-street parking meters , after providing <br /> for the necessary cost of maintenance and operation of said meters , <br /> the sum of $20 , 000 . 00 on or before December 15 , 1971] and on or before <br /> December 15 , each year thereafter until December 15 , 1976 , and the sum <br /> of $10 ,000 . 00 on or before December 15 , 1977 , and on or before each <br /> December 15 thereafter so long as any of the Series A Bonds , Series <br /> B Bonds and Series C Bonds are outstanding. Said payments shall <br /> -21- <br />