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end of such month, plus any deficiencies in interest deposits for • the preceding month) one-sixth (1/6) or one -twelfth (1/12), as the rase may be, of all principal maturing on the Current Interest Paying Serial Bonds authorized herein on the next maturity date, and one-sixth (1/6) or one -twelfth (1/12), as the case may be, of the Compounded mount next becoming due on any Serial Capital Appreciation Bonds whether by reason of maturity !.!B or earlier redemption thereof, to be subsequently determined by resolution of the Issuer prior to the delivery of the particular issue of Bonds, and an amount sufficient to pay the fees and charges of the Bond Registrar and paying agents. In the event the first interest payment date or first principal maturity date shall occur either more or less than six (6) months or twelve (12) months, as the case may be, after the delivery of any of the Bonds, then the payments required above shall be adjusted accor- dingly to provide for the payment of such principal and interest. On a parity therewith, Revenues shall simultaneously be applied and allocated to the "Refunding and Improvement- Revenue Bonds, Bond Amortization Fund" (hereinafter called "Bond Amortization Fund"), hereby created and established, to the extent required, in such sums as will be equal to one-sixth (1/6) of the amount of the Amortization Installment required to be made on the next semian- nual payment date or one -twelfth (1/12) of the Amortization Installment required to be made on the next annual payment date for Term Bonds. Such allocations shall be credited to a separate special account for each series of Term Bonds outstanding, and if there shall be more than one stated maturity for Term Bonds of a series, then into a separate special account in the Bond Amortization Fund for each such separate maturity of Term Bonds. The Amortization Installments may be due either annually or semi- annually, but in an_v event. the required payments as set forth above shall be made monthly commencing in the first month which is six (6) months or twelve (12) months, as the case may be, prior to the date on which the Amortization Installment is -27-