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ARTICLE V <br /> <br />SPECIAL FUNDS; INVESTMENTS <br /> <br /> · Section 5.1. Depreciation Reserve Fund. Lessee covenants and agrees to abide by <br />and perform any r. equirements of Section 16(0 of the Senior Ordinance as originally enacted as <br />long as those requirements remain in effect. The Lessee may request disbursements in the name <br />and on behalf of the City from the Depreciation Reserve Fund for the purposes and in the <br />manner set forth in Section 16 of the Senior Ordinance. <br /> <br /> Section 5.2. Investment of Fund Moneys. Money held for the credit of all Special <br />Funds shall, to the extent practicable, be continuously invested and reinvested by the Trustees <br />in Eligible Investments and the request or direction of the Authorized Lessee Representative in <br />connection therewith shall be deemed to be the request or direction of the Fiscal Officer. <br /> <br /> Section 5.3. Covenant as to Arbitra~e. The City and the Lessee each covenant and <br />agree hereby that it will restrict the use of the proceeds of the Bonds in the manner and to the <br />extent, if any, which is necessary; after taking into account reasonable expectations at the time <br />of the delivery of and payment for the Bonds, so that the Bonds will not constitute arbitrage <br />bonds under Section 148 of the Code, or any successor to that Section. <br /> <br />(End of Article V) <br /> <br />o 22 - <br /> <br /> <br />