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<br />1980 through 1984, inclusive, there shall be <br />deposited in such special account by the City <br />from the monthly proceeds of the City's two <br />percent (2%) Sales Tax, as and when received by <br />the City from the State, and after any deposits <br />required under Section 5 hereof, an amount equal <br />to one-twelfth (1/12) of the annual designated <br />deposit, $11,656.07, less any interest credited <br />to such account in such month or any sums deposited <br />to such account by the City from any other available <br />sources during such month. The aggregate of all <br />such sums in such special account shall not be <br />wi thdrawn or ut~i1ized for any other purpose until <br />and unless, in the years 1980 through 1984, in- <br />clusive, the designated annual deposit, $11,656.07, <br />shall have been fully funded in such special account <br />and such designated annual deposits shall remain <br />fully funded in such special account; in any year <br />thereafter, the aggregate of such designated annual <br />deposits, $58,280.35, shall remain fully funded in <br />said special account. <br /> In the event of the occurrence of either of the <br />following events: <br />(a) The failure by the City to pay any designated <br />annual installment of interest on or principal of <br />said Special Obligation Note on the designated due <br />dates December 1, 1980, through December 1, 1984, <br />inclusive; <br />(b} The failure by the City during the years 1980 <br />through 1984, inclusive, to deposit in such special <br />account from the monthly proceeds of the City's two <br />percent (2%) Sales Tax, as and when received by the <br />City from the State, an amount equal to one-twelfth <br />(1/12 ) of the designated next annual deposit, <br />$11,656.07, less any interest credited to such <br />account in such month or any sums deposited to such <br /> -3- <br />