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• certificates are issued to owners other than Cede&Co., its successor as nominee for_DTC as owner of all the Bonds, or another securities depository as owner of all the Bonds, the provisions of this resolution shall also apply to all matters relating thereto, including, without limitation, the printing of such Bonds in the form of bond certificates and the method of payment of principal of and interest on such Bonds in the form-of bond certificates. Section 4. Security Provisions. 4.01.. 2000 State-Aid Street Construction Fund. There is hereby created a special bookkeeping fund to be designated as the"2000 State-Aid Street Construction Fund" (the "Construction Fund"), to be held and administered by the City Finance Director separate and apart from all other funds of the City. The City appropriates to the Construction Fund $938,600 of the proceeds of the sale of the Bonds. The Construction Fund shall be used solely to defray expenses of the Improvements, including but not limited to the transfer to the Bond Fund, created in Section 4.02 hereof, of amounts sufficient for the payment of interest, due upon the Bonds prior to the completion of the Improvements and the payment of the expenses incurred by the City in connection with the issuance of the Bonds. Upon completion and payment of all costs of the Improvements, any balance of the proceeds of Bonds remaining in the Construction Fund may be used to pay the cost, in whole or in part, of any other improvements to state-aid streets in the City, as directed by the City Council, but any balance of such proceeds not so used shall be credited and paid to the Bond Fund. 4.02. 2000 State-Aid Street Bond Fund. So long as any of the Bonds are outstanding and any principal of or interest thereon unpaid, the City Finance Director shall maintain on its books and records a separate and special bookkeeping fund designated "2000 State-Aid Street Bond Fund" (the "Bond Fund") to be used for no purpose other than the payment of the principal of and interest on the Bonds. The City hereby appropriates to the Bond Fund the accrued interest on the Bonds and any amount in excess of$938,600 received from the Purchaser upon,delivery of the Bonds, any amounts transferred to the Bond Fund pursuant to Section 4.01 hereof and from its account in the Municipal State-Aid Street Fund of the State of Minnesota, such.amount as shall be._sufficient_to pa y the.principal of and interest on the Bonds when due, on the dates and in the amounts as follows: -14-