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with the Paying charges hereinafter set out. to be used to pay bonds and coupons of this issue as they mature and are presented for payment. (c) The reserve of 23,4OO to be acetulated in the sinking fund as hereinabove provided shall be designated "Reserve Fend," and whenever withdrawals are made From said Reserve Fund so as to reduce the balance therein to less than $23,000, the monthly payments of one-fifth of the next semi-annual installment of interest and one- tenthh of the next annual installment of principal, with the paying agents a fees, hereinbefore provided to be paid into the sinking fund, shall be resumed a nd shall be continued as long as may be ne ce s scary to restore the amount in said Reserve Fund to 23000. The funds in said Reserve Fund shall be held on deposit in a bank that is a ". mber of the Federal Deposit Insurance corporation, or they maybe invested r in bonds or ether direct or fully guaranteed obligations of the United States of America maturing or being subject to retirement at the option of tahe holder within not more than helve years from the date of such investment. withdrawals and disbursements may be made from said Reserve Fund to meet he payment of interest or principal to whatever extent funds in the sinking fund are insufficient for that purpose or for meeting special and unforeseen emergencies or repair or replace- ment work which could not have been anticipated or which is essential for the continued operation of the System and for the payment of which there are no other funds available. The depository shall give security, either by a corporate bland or by the escrow deposit of brands or other direct or fully guaranteed obligations Of the United States of America., or as its trust funds are secured, for all sums on deposit with it in excess of $10j,000. SECTION 9. Sewer pgpreoiatiosn Fund. There shall be paid from the Sewer Fundi into a fund which is hereby created and designated „Server Depreciation Fund" (hereinafter, sometimes called "Depreciation Fund")., on the first day of each month while any of the bonds issued under this ordinance shall be outstanding, five per --entum (5%) of all revenues derived from the operation of the System, after making the requlx*d payments to the operation Fund. Moneys in the Depreciation Fund shall be used solely for the purpose of paying the cost of