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Subordinate Revenue Obligations; but the lien of such Subordinate Revenue Obligations upon <br /> the Net Pledged Revenues and the pledge thereof for the payment of such Subordinate Revenue <br /> Obligations shall be subordinate and junior to the lien and pledge securing First-Lien Revenue <br /> Obligations. <br /> Section 3.07. Use of Remaining Revenues. Monthly, after the payments required to be <br /> made by Sections 3.01 through 3.06 hereof during said month have been made or provided for, <br /> or whenever in any month there shall have been credited all amounts required to be deposited in <br /> all of the special accounts established in connection with all Series of Obligations during said <br /> month, as herein provided, any remaining moneys credited to the Income Account shall be <br /> available to the City and may be used, free of the lien of this Ordinance, for the Acquisition of <br /> Improvements or other properties or facilities for the System or for any one or any combination <br /> of other lawful purposes of the City or the Enterprise as the City may from time to time <br /> determine. <br /> • <br /> Section 3.08. Budget and Appropriation of Sums. Except insofar as the decision to <br /> appropriate funds is reserved to the City Council with respect to any particular Obligation or <br /> Series of Obligations, the sums provided to make the payments specified in this Article Three are <br /> hereby appropriated for said purposes, and said amounts for each year shall be included in the <br /> annual budget and the appropriation ordinance or measures to be adopted or passed by the <br /> Council in each year respectively while any of the Obligations, either as to principal or interest, <br /> are Outstanding and unpaid. No provisions of any constitution, charter, statute, ordinance, <br /> resolution, order or other measure enacted after the issuance of any Obligations shall in any <br /> . manner be construed as limiting or impairing the obligation of the City to keep and perform the <br /> covenants contained in this Ordinance so long as any of the Obligations remain Outstanding and <br /> unpaid. Nothing herein shall prohibit the Council from appropriating other funds of the City <br /> legally available for this purpose to the Income Account for the purposes thereof, in which case <br /> such amounts shall be deemed to be Income. <br /> ARTICLE FOUR <br /> GENERAL ADMINISTRATION OF FUNDS <br /> • <br /> Section 4.01. Places and Times of Deposits. Each of the special accounts created or <br /> referred to in Article Three hereof shall be maintained as a book account of the City(which may <br /> be commingled for deposit or investment with other City moneys so long as it is separately <br /> identified and accounted for) and all moneys accounted for in such special accounts shall at all <br /> times be either deposited in a Commercial Bank or invested in Permitted Investments. For <br /> purposes of such deposits or investments of moneys, nothing herein prevents the commingling of <br /> moneys accounted for in any two or more City funds or accounts pertaining to the Income. Such <br /> funds or accounts shall be continuously secured to the fullest extent required or permitted by the <br /> laws of the State for the securing of public funds and shall be irrevocable and not withdrawable <br /> by anyone for any purpose other than the respective designated purposes of such funds or <br /> accounts. Each periodic payment shall be credited to the proper fund or account not later than <br /> the date therefor herein designated, except that when any such date shall be a day which is not a <br /> Business Day then such payment shall be made on or before the next Business Day. <br /> #866939v1t 18 <br />