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account as provided by law. Any sums from time to time held in <br />the Debt Service Account (or any other. City account which will <br />be used to pay principal or interest to become due on the <br />certificates) in excess of amounts which under the applicable <br />federal arbitrage regulations may be invested without regard as <br />to yield shall not be invested at a yield in excess of the <br />applicable yield restrictions imposed by said arbitrage <br />regulations on such investments. <br />9. To provide moneys for payment of the principal. <br />and interest on the certificates there is hereby levied upon <br />all of the taxable property in the City a direct annual ad <br />valorem tax which shall be spread upon the tax rolls and <br />collected with and as part of, other general property taxes in <br />the City for the years and in the amounts as follows: <br />Year of Tax Year of Tax <br />Levy Collection Amount <br />1981 1982 $32,642 <br />1982 1983 30,424 <br />1983 1984 33,574 <br />1984 1.985 36,225 <br />1985 1986 38,404 <br />The tax levies are such that if collected in full <br />they, together with other revenues herein pledged for the <br />payment of said certificates; will produce at least five <br />percent in excess of the amount needed to meet when due the <br />principal and interest payments on the certificates. <br />Said tax levies shall be irrepealable so long as any <br />of the certificates are outstanding and unpaid, provided that <br />the City reserves the right and power to reduce the levies in <br />the manner and to the extent permitted by Minnesota Statutes, <br />Section 475.61(3). <br />For the prompt and fu.l.l payment of the principal and <br />interest on said certificates, as the same respectively become <br />due, the full faith, credit and taxing powers of the City shall <br />be and are hereby irrevocably pledged. If the balance in the <br />Debt Service Account is ever insufficient to pay all principal <br />and interest then due on the certificates payable therefrom, <br />the deficiency shall be promptly paid out of any other funds of <br />the City which are available for such purpose, and such other <br />funds may be reimbursed without interest from the Debt Service <br />Account when a sufficient balance is available therein. <br />- 8 - <br />