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"Junior Lien Bond Service Fund", such sums as will be sufficient <br />to pay the following amounts on a parity basis (a) all interest <br />becoming due and payable on the Bonds during the current Fiscal <br />Year, (b) the principal amount of Serial Bonds which will become <br />due and payable on the next principal maturity date; and (c) the <br />Amortization Installment, if any, required to be made on the next <br />annual payment.date. <br />Such Amortization Installment shall be credited to a <br />"Bond Amortization Account", which is hereby created and esta- <br />blished in said Junior Lien Bond Service Fund. A separate spe- <br />cial subaccount within the Bond Amortization Account shall be <br />established for each installment of Term Bonds outstanding, and <br />if there shall be more than one stated maturity for Term Bonds of <br />an installment, then a separate special subaccount in the Bond <br />Amortization Account shall be established for each such separate <br />maturity of Term Bonds. <br />Upon the sale of any Term Bonds, the County shall, by <br />resolution, establish the amounts and maturities of such <br />Amortization Installments and if there shall be more than one <br />maturity of Term Bonds, the Amortization Installments for the <br />Term Bonds of each maturity. <br />Moneys on deposit in each of the separate special sub - <br />accounts in the Bond Amortization Account shall either be used <br />for the open market purchase or the redemption of Term Bonds of <br />the maturity of Term Bonds for which such separate special sub - <br />account is established in the manner hereinafter specified. <br />(2) Pledged Revenues remaining in the Revenue Fund <br />shall next be applied by the County to maintain a Junior Lien <br />Reserve Account in said Junior Lien Bond Service Fund, which <br />Junior Lien Reserve Account is hereby created and established, in <br />an amount equal to the Maximum Bond Service Requirement on the <br />Bonds, all or a portion of which such sum may be initially pro- <br />vided from the proceeds of the sale of the Bonds and other funds <br />of the County available therefor. The County shall thereafter <br />-23- <br />MAY 2 3 1984 <br />BOOK �b7 PAG E216 <br />