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Amortization Account and in the Reserve Account must mature, in the case of the accounts in the Bond Amortization Account not later than the stated date of maturity of each respective Amortization Installment of the Term Bonds to be retired from the Bond Amortization Account from which the investment is made and in the case of the Reserve Account not later than the final maturity of any Bonds then outstanding. Moneys in any fund or account created hereunder (with the exception of the Reserve Account) may be invested and reinvested in permitted investments which mature not later than the dates on which the moneys on deposit therein will be needed for the purpose of such fund. Moneys in the Reserve Account may be invested and reinvested in Authorized Investments maturing not later than the date of the Last maturity of any of the Bonds. All income on such investments, except as otherwise provided, shall be deposited in the respective funds and accounts froth which such investments were made and be used for the purposes thereof unless and until the maximum required amount (or, with respect to the Construction Fund, the amount required to acquire, construct and erect the Project) is on deposit therein, and thereafter shall be deposited in the Revenue Fund. The cash required to be accounted for in each of the foregoing funds and accounts established herein may be deposited in a single bank account, and funds allocated to the various accounts established herein may be invested in a common investment pool, provided that adequate accounting records are maintained to reflect and control the restricted allocation of the cash on deposit therein and such investments for the various purposes of such funds and accounts as herein provided. D. NO MORTGAGE OR SALE OF THE PROJECT. The Issuer irrevocably covenants, binds and obligates itself not to sell, lease, encumber or in any manner dispose of the Project (except that the leasing to or the use of the Project by one or more major league baseball teams shall be expressly permitted) as a whole until all of the Bonds shall have been paid in full as to both principal and interest, or payment shall have been duly provided for under this Resolution. E. ISSUANCE OF OTHER OBLIGATIONS. Except as set forth in Section 19.F. hereof, the Issuer shall issue no bonds or obligations of any kind or nature payable from or enjoying a lien on the Pledged Revenues if such obligations have priority over the Bonds with respect to payment or lien, nor shall the Issuer create or cause or permit to be created any debt, lien, pledge, assignment, encumbrance or other charge on a parity with the lien of the Bonds upon said Pledged Revenues. Any obligations of the Issuer, other than the Bonds which are payable from the Pledged Revenues shall contain an express statement that such obligations are junior and subordinate in all respects to the Bonds as to lien on and source and security for payment from such Pledged Revenues. F. ISSUANCE OF ADDITIONAL PARITY LOCAL GOVERNMENT HALF -CENT SALE TAX BONDS. Notwithstanding Section 19 E hereof the Issuer may issue additional obligations pledging a hen on the Local Government Half -Cent Sales Tax on a parity with the lien on such funds in favor of the Bonds. Such additional obligations may be issued as Capital Appreciation Bonds, Capital Appreciation Income Bonds, Option Bonds, Variable Rate Bonds, Serial Bonds or Term Bonds if the following conditions are met. (1) The Finance Director of the Issuer certifies that the Issuer is not in default under the covenants of this Resolution; (2) The Finance Director shall certify at the time of issuance of the Additional Parity Bonds that based on audited financial statements of the Issuer, the Local Government Half -Cent Sales Tax received by the Issuer during the most recently completed Fiscal Year immediately preceding the date of issuance of such Additional Parity Bonds shall equal or exceed 1.25 times the portion of Maximum Bond Service Requirement on the Outstanding Bonds anticipated to be paid with Local Government Half- Cent Sales Tax in accordance with Section 19.B. hereof and the Maximum Bond Service Requirement for the proposed Additional Parity Bonds. In the event such Additional Parity Bonds are to be secured by a source of revenue in addition to the Local AUGUST 7, 2001 -90- B1{119PG105