Purchase of Land and the Construction , off Street Parking Facilities Issuance of revenue Bonds and Distribution of the Revenues

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tion Account" respectively), and the funds in said Parking Sinking Fund shall be credited to such accounts in the fol- lowing manner: (a) Bond and Interest Account. Upon delivery of the bonds herein authorized, the accrued interest and premium, together with such amount of the proceeds of the bonds as shall equal the interest accruing on the bonds for a peri- od of eighteen (18) months following delivery of the bonds, shall, as provided in Sec. 8 hereof, be credited to the Bond and Interest Account. Beginning January 1, 1971, there shall be withdrawn as of the first calendar day of each month from the Net Revenue Account of the Parking Fund and deposited in the Parking Sinking Fund and credited to the Bond and Inter- est Account an amount equal to the sum of not less than one fifth (1/5) of the interest payable on the then next succeed- ing interest payment date and one -tenth (1 /10) of the prin- cipal payable on the then next succeeding principal payment date on all then outstanding bonds until the amount of in- terest and principal payable on the then next succeeding respective principal and interest payment dates shall have been so credited; provided, however, that beginning January 1, 1984, said monthly credits to the Bond and Interest Ac- count shall be in an amount equal to not less than one - fifth (1/5) of the interest payable on the then outstanding bonds payable on the then next succeeding interest payment date and shall continue until the amount of interest payable on the then next succeeding interest payment date shall have:. been credited to said account. (b) Term Bond Redemption Account. On the first day of each calendar month, beginning as of the first day-of - 20 -