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other funds and accounts established under this ordinance shall <br />be invested by the Trustee at the direction of the City in <br />Permitted Investments, Investments in the Bond Fund shall <br />mature: <br />~a} in the case of money credited to the Debt <br />Service Account, in such amounts and at such times so that <br />.~~ ~ the principal of and interest and premium, if an , on the <br />Y <br />Bonds can be paid when due; and <br />fib} in the case of moneys credited to the Debt <br />Service Reserve Account, by no later than five years from the <br />date of purchase, <br />All earnings and income from the investment of moneys in the Bond <br />Fund shall be credited, as realized and collected, to the Debt <br />Service Reserve Account unless and until there is on credit to <br />said account an amount equal to the Reserve Requirement, in which <br />event such earnings and income shall be credited to the Debt <br />Service Account. The Trustee shall notify the City of the <br />availability of any such earnings and income available for credit <br />to the Debt Service Account, so that the City may take such <br />earnings into account in computing the payments to the Trustee <br />required by Section 4.2,3.E hereof, fifteen days prior to such <br />payment date. All securities in which moneys in the Bond Fund <br />are invested shall constitute a part of the account from which <br />the investment was made. The Trustee may sell any of the <br />securities in which such moneys may be invested whenever required <br />sa that the payments from the Bond Fund may be made when due. <br />4.3.3. Payments Not Required. Whenever the total <br />of the moneys in the Bond Fund which are not required for the <br />payment of principal and interest and premium, if any, which has <br />theretofore become due,~whether by.maturity or upon redemption or <br />by declaration as herea.nafter provided, or otherwise}, but is <br />unpaid, is sufficient to retire at maturity, or to redeem prior <br />to maturity in accordance with their respective terms, all of the <br />Bonds then Outstanding, together with interest thereon to their <br />maturity date ar the date fixed pursuant to this paragraph by the <br />Trustee for the redemption thereof, no further payments need to <br />be made into the Bond Fund, and the Trustee, without further <br />authorization or direction of the City shall call all Bands which <br />may be redeemed by their terms, for redemption on the next <br />succeeding redemption date for which the required redemption <br />notice may practicably be given, and shall apply such total to <br />such retirement or redemption. <br />4,3,4. Transfers to Paying Agents. The moneys on <br />credit to the Debt Service Account shall be transferred by the <br />Trustee without further authorization or direction of the City to <br />Page 30 - ordinance <br />