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a <br />receipt thereof be deposited into the Junior Lien Bond Service <br />I Fund. <br />of <br />The cash required to be accounted for in each of the <br />foregoing funds and accounts established herein may be deposited <br />in a single bank account, and funds allocated to the various <br />accounts established herein may be invested in a common invest- <br />ment pool, provided that adequate accounting records are main- <br />tained to reflect and control the restricted allocation of the <br />cash on deposit therein and such investments for the various pur- <br />poses of such funds and accounts as herein provided. <br />The designation and establishment of the various funds <br />in and by this Resolution shall not be construed to require the <br />establishment of any completely independent, self -balancing funds <br />as such term is commonly defined and used in governmental <br />accounting, but rather is intended solely to constitute an ear- <br />marking of certain moneys and assets of the County for certain <br />purposes and to establish certain priorities for application of <br />such moneys and assets as herein provided. <br />B. OPERATION OF BOND AMORTIZATION ACCOUNT. Moneys held <br />for the credit of the Bond Amortization Account shall be applied <br />to the retirement of Term Bonds as follows: <br />(1) Subject to the provisions of Paragraph (3) below, <br />the County shall endeavor to purchase Term Bonds then outstanding <br />at the most advantageous price obtainable with reasonable <br />diligence, such price not to exceed the principal of such Term <br />Bonds plus the amount of the premium, if any, which would be <br />payable on the next redemption date to the Holders of such Terra <br />Bonds if such Term Bonds or portions thereof should be called for <br />redemption on such date from moneys in the Bond Amortization <br />Account. The County shall pay the interest accrued on such Term <br />Bonds to the date of delivery thereof from the Junior_ Lien Bond <br />Service Fund and the purchase price from the Bond Amortization <br />Account therein, but no such purchase shall be made by the County <br />within the period of 45 days immediately preceding any interest <br />-26- <br />