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• certificates are issued to owners other than Cede& Co., its successor as nominee for DTC as owner of <br /> all the Bonds, or another securities depository as owner of all the Bonds, the provisions of this <br /> resolution shall also apply to all matters relating thereto, including, without limitation, the printing of such <br /> Bonds in the form of bond certificates and the method of payment of principal of and interest on such <br /> Bonds in the form of bond certificates. <br /> Section 4. Security Provisions. <br /> 4.01. 2000 Storm Sewer Utility Construction Fund. There is hereby created a special <br /> bookkeeping fund to be designated as the "2000 Storm Sewer Utility Construction Fund" (the <br /> "Construction Fund"), to be held and administered by the City Finance Director separate and apart <br /> from all other funds of the City. The City appropriates to the Construction Fund $1,590,680 of the <br /> proceeds of the sale of the Bonds. The Construction Fund shall be used solely to defray expenses of <br /> the Improvements, including but not limited to the transfer to the Bond Fund, created in Section 4.02 <br /> hereof, of amounts sufficient for the payment of interest, due upon the Bonds prior to the completion of <br /> the Improvements and the payment of the expenses incurred by the City in connection with the issuance <br /> of the Bonds. Upon completion and payment of all costs of the Improvements, any balance of the <br /> proceeds of Bonds remaining in the Construction Fund may be used to pay the cost, in whole or in part, <br /> of any other improvements to the Utility, as directed by the City Council, but any balance of such <br /> proceeds not so used shall be credited and paid to the Bond Fund. <br /> • 4.02. 2000 Storm Sewer Utility Bond Fund. So long as any of the Bonds are <br /> outstanding and any principal of or interest thereon unpaid, the City Finance Director shall maintain on <br /> its books and records a separate and special bookkeeping fund designated "2000 Storm Sewer Utility <br /> Bond Fund" (the "Bond Fund") to be used for no purpose other than the payment of the principal of <br /> and interest on the Bonds and any additional obligations of the City payable therefrom pursuant to <br /> Section 4.03 hereof. If the balance in the Bond Fund is ever insufficient to pay all principal and interest <br /> then due on bonds payable therefrom, the City Finance Director shall nevertheless provide sufficient <br /> money from any other funds of the City which are available for that purpose, and such other funds shall <br /> be reimbursed from subsequent receipts of net revenues of the Utility appropriated to the Bond Fund <br /> and, if necessary,from the proceeds of-the taxes-levied for the Bond-Fund. The City hereby <br /> appropriates to the Bond Fund the accrued interest on the Bonds and any amount in excess of <br /> $1,590,680 received from the Purchaser upon delivery of the Bonds and any amounts transferred to <br /> the Bond Fund pursuant to Section 4.01 hereof. The City Finance Director shall deposit in the Bond <br /> Fund the proceeds of all taxes levied and all other money which may at any time be received for or <br /> appropriated to the payment of such bonds and interest, including the net revenues of the Utility herein <br /> pledged and appropriated to the Bond Fund, all collections of any ad valorem taxes levied for the <br /> payment of the Bonds, and all other moneys received for or appropriated to the payment of the Bonds <br /> and interest thereon. <br /> • -14- <br />