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7. That said Series 1981-A Certificate: of c•:F?.A4—:jf::,4
are additionelly secured by and shay, be palabl.s
pl-scige of the revenues derived from thei ty � s
Center F.nd Swimming Pool at San Gabriel Park ;.ift r -.%
of the reasonable expenses of operation Fnd mry i •car.�tircey, =.s
provides: by the General Laws of the State of Tiix .� I. PCO: V '#.c•L.::._
ly Article 1269J.5., V.A.T.C.S., hereinafter c*l j.ad
Revenues " . Tile City shall deposit all Sure' us
tba credit of the Interest and Sinking Fun? ::•exte- �.,u • -_
to Section 6 to the extent needed to pay
interest on the Series 1981-A Certificates X.
Nc;twithstanding the requirements of Sectio -z 6 f
Revenue:, are actually on deposit in the Intear•es•i• anal 5...�
Fund in advance of the time when ad valorem taxes ar•a
to be levied for any year, then the amount of trict*s •,F� i. '+
otherwise would have been required to be levir.d pu—r • :.,
Section 6 may be redt:ced to the extent and by the axniki i;
the Surplus Revenues then on deposit in the Interest r.r;
Sinking Fund.
S. That as long as the Series 1981-A C:er-t'if .:.ate o-•
Obligation are outstanding, the City shall not encaun;—t.,
pledge the Surplus Revenues to the paymen.t-u" aro. v
debts or obligations of the City including bond.,. rr Gt:
cates of Obligation.
9. That the Mayor and the %i. cy Secz-e+,axy z,rz.
ordered to do any and ,all things necessary to acc:o,,;jd_'
transfer of monies to the 7ncerest az! Sinkinq `u :3 0'. 5.?.
issue in ample time to p?y such .`.terns of pri:1,X-,J aj.
interest.
10. That the Mayor of said Cjty is hereby vathvn-,.7, o t•.,
have control of s:tid Series 3.981-A Certificates of
and a1,1 necessary records and ; roce3din^g T-ar'-airi, ,1
.t
912
6. That a special "Interest and Sinking Fund" is
hereby created and shall be established and maintained by
the City at an official depository bank of said. City. Said
Interest and Sinking Fund shall be kept separate and apart
from all other funds and accounts of said C.ty, and 3nall be
used only for paying the inciirest on and-..ncipa.' of said
Series 1981-A Certificates of Obligation, All ::d valoren
taxes levied and collected for and on accotnt of said Series
1981-A Certificates of Obligatior shall be deposited, as
collected, to the credit of said Interest and Sinking Fund.
During each year while any of said Series 1981-A Certificates
of Obligation or interest coupons appertaining thereto are
outstanding and unpaid, the City Council of said City shall
compute and ascertain a rate and amount of ad valorem tax
which will be sufficient to raise and produce the money
required to pay the interest on said Series 1981-A Certiiicatei
of Obligation as such principal natures (but never leas than
2% of the original amount of said Series 1981-A Certifice.tes
of Obligation as a sinking fund each year); and saiu tax
shall be based on the latest approved tax rolls of said
City, with full allowances being made for tax delinquencies
co
and the cost of tax collection. Said rate and ar►eount a' ad
CD
valorem tax is hereby levied, and is hereby orderer: to he
levied, against all taxable property in srict C :i.N , far eac:�r
year while any of said Series 1981-A Certificates of Ohs iga -i n•l,
or interest coupons appertaining thereto are outatanu..nq .n* i
Q
unpaid, and said tax shall be assessed and collected, cja,:h
Q
such tear and deposited to the credit of the a.fa*•aaiO
Interest and. Sinking Fund. Said ad valorem taxes iitl Y'ib L41A'+
to provide for the payment of the interest on and..
of said Series 1981-ACertificates of Obligat:ioa, ss su6c -
in•tereet coa.as due and such principal matures, az_
pleciyed i rrevocab3 y for such payment, wittiir.L tre 1.i-,!
prescribed by l::k .
7. That said Series 1981-A Certificate: of c•:F?.A4—:jf::,4
are additionelly secured by and shay, be palabl.s
pl-scige of the revenues derived from thei ty � s
Center F.nd Swimming Pool at San Gabriel Park ;.ift r -.%
of the reasonable expenses of operation Fnd mry i •car.�tircey, =.s
provides: by the General Laws of the State of Tiix .� I. PCO: V '#.c•L.::._
ly Article 1269J.5., V.A.T.C.S., hereinafter c*l j.ad
Revenues " . Tile City shall deposit all Sure' us
tba credit of the Interest and Sinking Fun? ::•exte- �.,u • -_
to Section 6 to the extent needed to pay
interest on the Series 1981-A Certificates X.
Nc;twithstanding the requirements of Sectio -z 6 f
Revenue:, are actually on deposit in the Intear•es•i• anal 5...�
Fund in advance of the time when ad valorem taxes ar•a
to be levied for any year, then the amount of trict*s •,F� i. '+
otherwise would have been required to be levir.d pu—r • :.,
Section 6 may be redt:ced to the extent and by the axniki i;
the Surplus Revenues then on deposit in the Interest r.r;
Sinking Fund.
S. That as long as the Series 1981-A C:er-t'if .:.ate o-•
Obligation are outstanding, the City shall not encaun;—t.,
pledge the Surplus Revenues to the paymen.t-u" aro. v
debts or obligations of the City including bond.,. rr Gt:
cates of Obligation.
9. That the Mayor and the %i. cy Secz-e+,axy z,rz.
ordered to do any and ,all things necessary to acc:o,,;jd_'
transfer of monies to the 7ncerest az! Sinkinq `u :3 0'. 5.?.
issue in ample time to p?y such .`.terns of pri:1,X-,J aj.
interest.
10. That the Mayor of said Cjty is hereby vathvn-,.7, o t•.,
have control of s:tid Series 3.981-A Certificates of
and a1,1 necessary records and ; roce3din^g T-ar'-airi, ,1
.t
912