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<br />thereof to assure such availability as so needed to meet such <br />schedule. <br /> Section 18. Escrow Account; Use of Proceeds. There is <br />hereby established the Escrow Account. The proceeds of the Bonds, <br />less certain costs and expenses of issuance payable therefrom, <br />which expenses are hereby authorized to be paid from the proceeds <br />of the Bonds, shall be deposited by the City in the Escrow Account <br />to be established and maintained at the Bank. In addition, the <br />Escrow Supplement, or so much thereof as may be necessary, is <br />hereby appropriated and shall be deposited by the City in the <br />Escrow Account for the purpose of supplementing the proceeds of <br />the Bonds. <br /> The Bank is hereby authorized and directed to use such <br />moneys to provide for the payment of the acquired obligations to <br />be held in the Escrow Account and to fund the Escrow Account with <br />the necessary beginning cash, if any, as required in accordance <br />with the escrow sufficiency computations verified by a Certified. <br />Public Accountant. <br /> Thereupon, the balance, if any, of Bond proceeds held by <br />the Bank, the City, or any other person, shall be deposited in the <br />Bond Account. The foregoing provision shall apply only to excess <br />funds in the Escrow Account on hand at the time of delivery of the <br />Bonds, and no further distribution of funds on hand in the Escrow <br />Account shall be made to the City except at the time of <br />termination of the Escrow Agreement or as provided therein. <br /> Section 19. Payment of Outstanding Bonds. The Escrow <br />Account, including therein the proceeds of the Bonds and the <br />Escrow Supplement, when invested by the Bank, shall at all times <br />be at least sufficient to pay the principal of, premium if any, <br />and interest on the Outstanding Bonds, under and in accordance <br />with the following schedule: <br /> (A) The Outstanding Bonds maturing on or before <br />December 1 , 1991, shall be paid and retired at their respective <br />maturity dates according to their original terms. <br /> (B) The Outstanding Bonds maturing as follows, <br />shall be called for redemption in advance of their respective <br /> - 28 - <br />