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cm Page 14 VOW "Sewer Operation and Maintenance Fund" on the first business day of each month sums sufficient to pay the reasonable and necessary monthly expenses of operation, repair and maintenance of the System for such month and from which disbursement shall be made only for those purposes. Fixed annual charges such as insurance premiums and the cost of major repair and maintenance expenses may be computed and set up on an annual basis, and one -twelfth (1/12) of the amount thereof may be paid into the Sewer Operation and Maintenance Fund each month. If in any month for any reason there shall be a failure to transfer and pay the required amount into said fund, the amount of any deficiency shall be added to the amount otherwise required to be transferred and paid into said fund in the next succeeding month. If in any fiscal year a surplus shall be accumu- lated in the Sewer Operation and Maintenance Fund over and above the amount which shall be necessary to defray the reasonable and necessary cost of operation, repair and maintenance of the System during the remainder of the then current fiscal year and the next ensuing fiscal year, such surplus may be transferred and deposited in the Sewer Revenue Bond Fund (hereinafter created) or into the Sewer Depreciation Fund (hereinafter created) as the Sewer Committee may designate; provided, however, that any such transfer into the Sewer Revenue Bond Fund shall be in addition to all other payments required to be made into said fund. Section 8. Sewer Revenue Bond Fund. (a) After making the monthly deposit into the Operation and Maintenance Fund, there shall be transferred and paid from the Sewer Fund into a special fund, which is hereby created and designated "Sewer Revenue Bond Fund" the sums in the amounts and at the times hereafter stated in Subsection (b) for the purpose of providing funds for the pay- ment of the principal of and interest on the bonds and the Paying Agent's fees