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<br />e <br /> <br />e <br /> <br />I <br /> <br />amount shall be paid into the Bond Fund each year in <br />substantially equal monthly payments from the moneys in <br />the System Fund. If the revenues of the System in any <br />month, after providing for the administration, efficient <br />operation and adequate maintenance of the District's <br />facilities, are insufficient to make the required <br />payment into the Bond Fund, then the amount of any <br />deficiency shall be added to the amount otherwise <br />required to be paid into the Bond Fund the next month. <br />The moneys in the Bond Fund shall be used solely for <br />the purpose of paying interest on and principal of the <br />Bonds, Outstanding Bonds and Additional Bonds, if any, <br />until all such bonds have been retired. All moneys <br />remaining in the System Fund, after paying all reason- <br />able administration, operation and maintenance expenses <br />and the amounts required to be paid into the Bond Fund, <br />may be used for any lawful purpose by the District. <br />(c) The District shall maintain the System in <br />good condition and operate the same in an efficient <br />manner and at a reasonable cost. So long as the Bonds <br />or any part thereof are outstanding and unpaid, the <br />District agrees to maintain insurance, for the benefit <br />of the holder or holders of such Bonds, on the System <br />of a kind and in an amount which usually would be <br />carried by private companies engaged in a similar type <br />of business. <br />(d) The District shall keep proper books of <br />records and accounts, separate from all other records <br />and accounts, in which complete and correct entries <br />shall be made of all transactions relating to the <br />System. Such books of records and accounts shall be <br />audited once each fiscal year by a certified public <br />accountant. <br /> <br />I <br /> <br />I <br /> <br />. <br /> <br />-11- <br />