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rr ARTICLE V REVENUES AND FUNDS Section 501. The bonds herein authorized are not general obligations of the City but are special obligations payable solely from revenues derived from the project. And, as authorized by Act No. 9, the indebtedness evidenced by the bonds is secured by a first mortgage on the mortgaged property. As heretofore pointed out, particularly in Section 410 hereof, the project has been leased to Batesville Rubber Company, and the basic annual rental payments are to be made directly by the Lessee to the Trustee for deposit in the Bond Fund (hereinafter created). As heretofore set forth, the said basic annual rental payments are at least sufficient in amount to insure the prompt payment of the annual principal, interest and paying agent fee requirements of the bonds and the entire amount of said basic annual rental payments is pledged to the payment of the principal of, interest on and paying agent's fees in connection with the bonds. Section 502. There is hereby created and ordered to be established with the Trustee a trust fund to be designated "City of Batesville, Arkansas Industrial Development Revenue Bond Fund - Batesville Rubber Company Project" (which is sometimes referred to herein as the "Bond Fund"). Section 503. There shall be deposited into the Bond Fund all accrued interest received at the time of the delivery of the bonds and in addition such amount from the proceeds of the sale of the bonds as shall be necessary, together with the accrued interest, to cover the interest requirements until rental payments shall coymnence under the Batesville Rubber Company lease pursuant to the terms thereof, which amount shall be specified in a letter of instructions signed by the Mayor and directed to the Trustee and the Trustee shall be entitled to rely upon said letter of instructions. In addition, there shall be deposited into the Bond Fund, as and when reoeived, all basic annual rental payments