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• Principal Interest payable on Year Amount Februar,I Au ug st 1 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 The Finance Director shall follow the procedure set forth in Minnesota Statutes, Section 162.18, Subdivision 4, for obtaining such funds. If at any time the moneys in the Sinking Fund should be insufficient to pay all principal and interest due on the Bonds, the Finance Director shall nevertheless pay the same from any moneys on hand in the general fund of the City, and the moneys so used shall be restored to the general fund from the moneys next received by the City from the Construction or Maintenance Account in the Municipal State-Aid Street Fund of the State of Minnesota, which are not required for the payment of additional principal and interest. There are hereby established two accounts in the Bond Fund, designated as the "Debt Service.Account" and the "Surplus Account." All money appropriated or to be deposited in the Bond Fund shall be deposited as received into the Debt Service Account. On each February 1, the City Finance Director shall determine the amount on hand in the Debt Service Account. If such amount is in excess of one-twelfth of the debt service payable from the Bond Fund in the immediately preceding 12 months, the City Finance.Director shall promptly transfer the amount in excess to the Surplus Account. The City appropriates to the Surplus Account any amounts to be transferred thereto from the Debt Service Account as herein provided and all income derived from the investment of amounts on hand in the Surplus Account. If at any time the amount on hand in the Debt Service Account is insufficient to meet the requirements of the Bond Fund, the City Finance Director shall transfer to the Debt Service Account amounts on hand in the Surplus Account to the extent necessary to cure such deficiency. -15-