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6 14 1 <br />accounts in the Bond Amortization Account shall either be used for <br />the open market purchase or the redemption of Term Obligations <br />of the series or maturity of Term Obligations within a series for <br />which such separate special subaccount is established in the <br />manner hereinafter specified. <br />(2) Moneys remaining in the Revenue Fund shall next be <br />applied by the County to maintain a Reserve Account in said Bond <br />Service Fund, which Reserve Account is hereby created and <br />established, in an amount equal to the maximum bond service <br />requirement on the Obligations, all or a portion of which such <br />sum may be initially provided from the proceeds of the sale of <br />the Obligations. The County shall thereafter deposit annually <br />into said Reserve Account an amount equal to twenty per cent <br />(20%) of the difference between the amount, if any, so deposited <br />upon the delivery of the Obligations and the amount required to <br />be maintained therein by the provisions of this subparagraph (2). <br />No further payments shall be required to be made into such <br />Reserve Account when there has been deposited therein and as long <br />as there shall remain on deposit therein a sum equal to the maxi- <br />mum bond service requirement on the Obligations. <br />Any withdrawals from the Reserve Account shall be sub- <br />sequently restored from the first moneys available in the Revenue <br />Fund after all required current payments into the Bond Service <br />Fund, including the Bond Amortization Account therein, and into <br />the Reserve Account, including all deficiencies for prior <br />payments, have been made in full. <br />Moneys in the Reserve Account shall be used only for the <br />purpose of the payment of maturing principal (including <br />Amortization Installments) of or interest on the Obligations when <br />the moneys in the Bond Service Fund are insufficient therefor, <br />and for no other purpose. <br />whenever the amount on deposit in the Reserve Account <br />exceeds the amount required to be maintained therein by the pro- <br />visions of this subparagraph (2), the excess may be withdrawn and <br />-16- <br />