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4.05 2013A Refiinding Fund. Proceeds of the Utility Bonds in an amount sufficient, together with other available funds applied to such purpose, to redeem the outstanding 2013A Refunded Bonds on December 7, 2021, in the amount set forth in the closing memorandum prepared by City's Municipal Advisor shall be deposited in a separate fund (the "2013A Refunding Fund") to be used solely for such purpose. The 2013A Refiinding Fund shall be terminated following the redemption of the outstanding 2013A Refunded Bonds. Any balance remaining in the 2013A Refunding Fund after the redemption and payment in full of the outstanding 2013A Refunded Bonds shall be deposited to the Debt Service Fund herein created. 4.06 2018A Refunding Fund. Proceeds of the CIP Bonds in an amount sufficient, together with other available funds applied to such purpose, to redeem the outstanding 2018A Bonds on December 20, 2021, in the amount set forth in the closing memorandum prepared by City's Municipal Advisor shall be deposited in a separate fund (the "2018A Refunding Fund") to be used solely for such purpose. The 2018A Refunding Fund shall be terminated following the redemption of the outstanding Series 2018A Refunded Bonds. Any balance remaining in the 2018A Refunding Fund after the redemption and payment in full of the outstanding 2018A Refunded Bonds shall be deposited to the Debt Service Fund herein created. 4.07. General Obligation Pledge. For the prompt and full payment of the principal and interest on the Bonds, as the same respectively become due, the full faith, credit and taxing powers of the City will be and are hereby irrevocably pledged. If the balance in the Debt Service Fund is ever insufficient to pay all principal and interest then due on the Bonds and any other bonds payable therefrom, the deficiency will be promptly paid out of monies in the general fund of the City which are available for such purpose, and such general fund may be reimbursed with or without interest from the Debt Service Fund when a sufficient balance is available therein. 4.08. Pledgee of Tax Levi Improvement Bonds. For the purpose of paying the principal of and interest on the Improvement Bonds, there is hereby levied a direct annual irrepealable ad valorem tax upon all of the taxable property in the City, which will be spread upon the tax rolls and collected with and as part of other general taxes of the City. Such tax will be credited to the Improvement Bonds Account in the Debt Service Fund above provided and will be in the years and amounts attached hereto as EXHIBIT C. The tax levy herein provided will be irrepealable until all of the Improvement Bonds portion of Bonds are paid, provided that the City Finance Director may annually, at the time the City makes its tax levies, certify to the County Auditor the amount available in the Improvement Bonds Account in the Debt Service Fund to pay principal and. interest due during the ensuing year on the Improvement Bonds, and the County Auditor will thereupon reduce the levy collectible during such year by the amount so certified. 4.09. Pledge of Tax Levy, CIP Bonds. For the purpose of paying the principal of and interest on the CIP Bonds, there is hereby levied a direct annual irrepealable ad valorem tax upon all of the taxable property in the City, which will be spread upon the tax rolls and collected with and as part of other general taxes of the City. Such tax will be credited to the CIP Bonds Account in the Debt Service Fund above provided and will be in the years and amounts attached hereto as EXHIBIT D. LA515-85-748617.v2 11