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purchase or redemption of Bonds or for any other lawful municipal <br />purpose. <br />(F) Trust Funds. The funds and accounts created and <br />established by this instrument shall constitute trust funds for <br />the purpose provided herein for such funds. All of such funds, <br />except as hereinafter provided, shall be continuously secured <br />in the same manner as deposits of public funds are required to be <br />..secured by the Lawb of the State of Florida. Money on deposit to <br />the credit of the Reserve Account shall be invested by the deposi- <br />tory bank, upon request by the Issuer, in direct obligations of, or <br />obligations the principal of and interest on which are guaranteed by <br />the United States of America and which shall be subject to redemp- <br />tion at face value at any time by the holder thereof at the option <br />of such holder; and the money on deposit to the credit of the Sinking <br />Fund may be so invested in such obligations which shall mature not <br />later than fifteen (15) days prior to the date on which such money shall <br />be needed to pay the principal of and interest on the Bonds in the <br />manner herein provided, but money on deposit to the credit of the <br />Revenue Fund and the Operation and Maintenance Fund shall not be <br />invested at any time. The securities so purchased as an investment <br />of funds shall be deemed at all times to be a part of the account <br />from which the investment was withdrawn, and the interest accruing <br />thereon•and any profit realized therefrom shall be credited to such <br />account and any loss resulting from such investment shall likewise <br />be charged to such account. <br />(G) Rates and Charges. The Issuer covenants and <br />agrees.to maintain and collect, so long as any of the Bonds are <br />outstanding, such schedule of rates and charges for the services <br />and facilities of the System which will produce revenues which <br />shall be sufficient to provide for current debt service and reserve <br />requirements for the Bonds and pay the reasonable expenses of opera- <br />tion and maintenance of the System; and the Issuer covenants and <br />;agrees that so long as any of the Bonds are outstanding and unpaid, <br />at the same time and in like manner that the Issuer prepares its <br />annual btid.7ot of the Operating Expenses,.the Issuer shall annually <br />prepare an estimate of: gross revenues to be derived from the opera- <br />--10- <br />JAN 2311"3 . <br />BEAK � PAGE 464 <br />0 <br />