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On the last day of each calendar month there shall be credited from the Revenue <br />Fund to the Sewage Works Operation and Maintenance Fund previously established and <br />continued hereby, a sufficient amount of the revenues of the Sewage Works so that the balance <br />in said fund shall be sufficient to pay the expenses of operation, repair and maintenance of the <br />works for the then next succeeding two (2) calendar months. The moneys credited to this fund <br />shall be used for the payment of the reasonable and proper operation, repair and maintenance <br />expenses of the Sewage Works on a day-to-day basis, but none of the moneys in such fund shall <br />be used for depreciation, replacements, improvements, extensions or additions. Any balance in <br />said fund in excess of the expected expenses of operation, repair and maintenance for the next <br />succeeding calendar month may be transferred to the Sewage Works Sinking Fund if necessary <br />to prevent a default in the payment of principal or interest on outstanding bonds of the Sewage <br />Works. <br />Section XII. Sewas?e Works Sinking Fund. <br />(a) There shall be deposited from the Revenue Fund into the Sewage <br />Works Sinking Fund previously established and continued hereby for the payment of the <br />interest on and principal of revenue bonds which by their terms are payable from the Net <br />Revenues of the Sewage Works, and the payment of any fiscal agency charges in <br />connection with the payment of such bonds and interest thereon, a sufficient amount of <br />the Net Revenues of said Sewage Works to meet the requirements of the Bond and <br />Interest Account and the Reserve Account previously established and continued hereby in <br />said Sewage Works Sinking Fund. Such payments shall continue until the balance in the <br />Bond and Interest Account, plus the balance in the Reserve Account, equals the principal <br />-30- <br />BDDB01 5738468v1 <br />