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Interest or principal coming due at any time when there are insufficient funds on hand <br /> from the Pledged Taxes to pay the same shall be paid promptly when due from current funds on <br /> hand in advance of the collection of the Pledged Taxes herein levied; and when the Pledged <br /> Taxes shall have been collected, reimbursement shall be made to said funds in the amount so <br /> advanced. The City covenants and agrees with the purchasers and registered owners of the <br /> Bonds that so long as any of the Bonds remain outstanding, the City will take no action or fail to <br /> take any action which in any way would adversely affect the ability of the City to levy and <br /> collect the foregoing tax levy. The City and its officers will comply with all present and future <br /> applicable laws in order to assure that the Pledged Taxes may be levied, extended and collected <br /> as provided herein and deposited into the Bond Fund. <br /> Whenever other funds from any lawful source are made available for the purpose of <br /> paying any principal of or interest on the Bonds so as to enable the abatement of the taxes levied <br /> herein for the payment of same, the Council shall, by proper proceedings, direct the deposit of <br /> such funds into the Bond Fund and further shall direct the abatement of the taxes by the amount <br /> so deposited. A certified copy or other notification of any such proceedings abating taxes may <br /> then be filed with the County Clerk in a timely manner to effect such abatement. <br /> Section 12. Filing with County Clerk. Promptly, as soon as this Ordinance becomes <br /> effective, a copy hereof, certified by the City Clerk of the City shall be filed with the County <br /> Clerk; and the County Clerk shall in and for each of the years 2010 to 2029, inclusive, ascertain <br /> the rate percent required to produce the aggregate tax hereinbefore provided to be levied in each <br /> of said years; and the County Clerk shall extend the same for collection on the tax books in <br /> connection with other taxes levied in said years in and by the City for general corporate purposes <br /> of the City; and in said years such annual tax shall be levied and collected by and for and on <br /> -30- <br />