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<br />. <br /> <br />. <br /> <br />. <br /> <br />6 <br /> <br />,. <br /> <br />. <br /> <br />. I <br /> <br />'(b) If the Airport should become legally liable for ' <br /> <br /> <br />any other obligations or indebtedness, the City shall fix, main- <br /> <br /> <br />tain, enforce, ch~rge and co~lect additional rates, charges and <br /> <br />amounts for services rendered by the Airport sufficient to <br /> <br /> <br />establish and maintain funds for the payment thereof. <br /> <br /> <br />Section ll. FUNDS. All revenues of the Airport shall <br /> <br /> <br />be kept separate and apart from all other funds of the City, and <br /> <br /> <br />the following special Funds are hereby creat~d and shall be <br /> <br /> <br />established and maintained in an official depository bank of <br /> <br /> <br />the City, so long 'as any of the Bonds or Additional Bonds, or <br /> <br /> <br />interest thereon, ~re outstanding and unpaid: <br /> <br /> <br />(a) City of La Porte Airport ,Fund, hereinafter <br /> <br /> <br />called the ''Revenue Fund;" <br /> <br /> <br />(b) City of La Porte Airport Revenue Bonds Interest <br /> <br /> <br />and Sinking Fund, hereinafter called the "Interest and Sinking <br /> <br />Fund;" <br /> <br />(c) City of La Porte Airport Revenue Bonds Reserve <br /> <br /> <br />Fund, her.einafter called the "Reserve Fund." <br /> <br /> <br />Section 12. REVENUE FUND. All Gross Revenues of <br /> <br />every nature received by the City from the operation and owner- <br />ship of the Airport shall be deposited from day to day as col- <br />lected into the Revenue Fund, and the Maintenance and Operation <br />Expenses of the Airport shall be paid from the Revenue Fund. <br /> <br />The revenues of the Airport not actually required to pay said <br /> <br />expenses shall be deposited from the Revenue Fund into the other <br /> <br /> <br />Funds created by this Q~dinance, in the manner and amounts here~ <br /> <br />inafter provided, and each of such Funds shall have priority as <br /> <br /> <br />to such deposits in the order in which they are treated in the <br /> <br /> <br />following sections. <br /> <br />Section 13. INTEREST AND SINKING FUND. There shall <br /> <br /> <br />be deposited into the Interest and Sinking Fund the following: <br />