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representative of the Registrar. Notes of authentication on different Notes need not be signed by the same representative. The executed certificate of authentication on each Note shall be conclusive evidence that it has been authenticated and delivered under this resolution. When the Notes have been so ezecuted and authenticated, they shall be delivered by the City Clerk to the Purchaser upon payment of the purchase price in accordance with the contract of sale heretofore made and ezecuted, and the Purchaser shall not be obligated to see to the application of the purchase price. Section 4. Security Provisions. 4.01. ~kl,II.q Fund. So long as any of the Notes are outstanding and any principal thereof or interest thereon unpaid, the City Clerk shall maintain a separate and special bookkeeping account designated as the "1990 Capital Notes Sinking Fund" (the Sinking Fund) to be used for no purpose other than the payment of the principal of and interest on the Notes and on such other capital notes of the City as have been or may be directed to be paid therefrom. The City irrevocably appropriates to the Sinking Fund (a) any tazes levied in accordance with this resolution, and (b) such other moneys as shall be received and appropriated to the Sinking Fund from time to time. If the balance in the Sinking Fund is at any time insufficient to pay all interest and principal then due on • all bonds payable therefrom, the payment shall be made from any fund of the City which is available for that purpose, subject to reimbursement from the Sinking Fund when the balance therein is sufficient. 4.02. Full Faith and Credit. For the prompt and full payment of the principal of and interest on the Notes as the same respectively become due, the full faith, credit and tazinq powers of the City shall be and are hereby irrevocably pledged. To provide money to pay the interest coming due on the Notes on August 1, 1990 and February 1, 1991, and the principal coming due on the Notes on February 1, 1991, the City in 1989 levied upon all taxable property in the City, a direct, general, ad valorem tax in the amount of $ 99800.00 collectible in 1990. To provide moneys for the payment of principal and interest on the Notes coming due after February 1, 1991, there is hereby levied upon all of the tazable property in the City, a direct, general, ad valorem tax which shall be spread upon the taz rolls collectible in the years and in the amounts as follows, together with and as a part of other general tazes of the City: • -11-