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Fund approximately equal monthly payments so that by April 1 , <br /> 1974 the total amount of such payments , with the money already <br /> on deposit in the Reserve Account , will be at least equal to the <br /> maximum amount required in any calendar year thereafter to pay the <br /> principal of and interest on all outstanding bonds payable out of <br /> the Bond Redemption Fund. <br /> The city further covenants and agrees that when said <br /> required amounts have been deposited in the Reserve Account , it will <br /> at all times maintain those amounts therein until there is a sufficient <br /> amount in the Bond Redemption Fund and Reserve Account to pay the <br /> principal of, premium if any and interest on all outstanding bonds <br /> payable out of the Bond Redemption Fund, at which time the money <br /> in the Reserve Account may be used to pay such principal , premium <br /> if any and interest ; provided, however, that moneys in the Reserve <br /> Account may be withdrawn to redeem and retire all the outstanding <br /> bonds of any issue or series payable out of the Bond Redemption <br /> Fund so long as the moneys left remaining on deposit in the Reserve <br /> Account are at least equal to the maximum amount required in any <br /> calendar year thereafter to pay the principal of and interest on <br /> all of the remaining outstanding bonds payable out of the Bond <br /> Redemption Fund. <br /> Section 8 . The corporate authorities of the city hereby <br /> declare that in fixing the amounts to be paid into the Bond Redemption <br /> Fund and the Reserve Account as hereinbefore provided they have <br /> exercised due regard to the normal expenses of maintenance and <br /> operation of the System and to the amounts required to pay and <br /> secure the payment of the principal of and interest on the Outstanding <br /> Parity Bonds and have not obligated the city to set aside and pay <br /> into said Fund and Account a greater amount of the revenue of the <br /> System than in their judgment will be available over and above such <br /> normal expenses of maintenance and operation and the amounts necessary <br /> to pay the principal of and interest on such Outstanding Parity Bonds . <br /> 10 . <br />