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YEAR OF PRINCIPAI. Rf1TE OF <br /> MATURITY AMOLTNT' INTF,REST <br /> 2019 $ °la <br /> 2020 % <br /> 2021 °lo <br /> 2Q22 % <br /> 2023 °/a <br /> 2Q24 % <br /> 21J2� Qt4 <br /> 2026 % <br /> 2027 % <br /> 2Q28 °fo <br /> 2034 % <br /> Section 1.12. "Treasurer"means the City Treasurer of the City. <br /> ART�cL�II <br /> CREATION OF ESCROW <br /> Sectio�2.Dl. The City, by the Bond Ordinance, has autharized the issue and delivery of <br /> the Bonds,proceeds of which,together with certain funds ofthe City on hand and legally available <br /> for such purpose, are to be used to refund the Refunded Bonds by the deposit on demand and to <br /> purchase on behalf of the City the Gavernrnent Securities. Such deposit and securities will provide <br /> all moneys necessary to pay the principal of and interest on the Refunded Bonds when due and <br /> upon redernption prior to maturity. <br /> Section 2.02. The City deposits $ fram the praceeds of the Bands, $0.00 <br /> fram the praceeds of the Refunded Bonds and $ from funds on hand and 1egal�y <br /> available for the purchase of Gavernment Securities and the funding of a beginning cash escrow <br /> depasit on demand in the amount of$ . The beginning depasit and the Governmer�t <br /> Securities are held in an irrevocable trust fund accQunt for the City to the benefit of the holders of <br /> the Refunded Bonds to pay the principal of and interest on the Refunded Bonds when due and <br /> upon redemption prior ta maturity. <br /> Ex�3ts�T A <br /> -3- <br />