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ORDINANCE NO. NS- 1609 PAGE NINE the Project whether or not Bond proceeds are sufficient therefore, and such other terms and conditions as the City may require. The City is authorized to fix, revise, charge, and collect interest and principal and all other rates, fees, and charges with respect to the financing of a Project. Such rates, fees, charges, and interest shall be fixed and adjusted so that the aggregate of such rates, fees, charges, and interest will provide funds sufficient with other revenues and moneys which it is anticipated will be available therefor, if any, to do all of the following: (a) Pay the principal of and interest on outstanding Bonds issued to finance such Project, as the same shall become due and payable. (b) Create and maintain reserves required or provided for in any resolution authorizing such Bonds. A sufficient amount of the Revenues from the Project may be set aside at such regular intervals as may be provided by the resolution or trust agreement in a sinking or other similar fund, which shall be pledged to, and charged with, the payment of the principal of and interest on such Bonds as the same shall be come due, and the redemption price or the purchase price of Bonds retired by call or purchase as therein provided. Such pledge shall be valid and binding from the time the pledge is made. The rates, fees, interest, and other charges, revenues, or moneys so pledged and thereafter received by the City shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the City, irrespective of whether such parties have notice thereof. Neither the resolution, the trust agreement nor any loan agreement by which a pledge is created need be filed or recorded except in the records of the City. The use and disposition of moneys to the credit of such sinking or other similar fund shall be subject to the provisions of the resolution or trust agreement authorizing the issuance of such Bonds. (c) Pay Administrative Expenses to the extent not paid from Bond proceeds. Sec. 28-17. Trust Funds. Ail moneys received pursuant to the provisions of this Chapter, whether proceeds from the sale of Bonds or Revenues, shall be deemed to be trust funds to be held and applied solely for the purposes of this Chapter. Any bank or trust company in which such moneys are deposited shall act as trustee of such moneys and shall hold and apply the same for the purposes specified in this Chapter, subject to the terms of the resolution or trust agreement authorizing the Bonds. ARTICLE V. MISCELLANEOUS Sec. 28-18. Liberal Construction. This Chapter, being necessary for the health, welfare and safety of the City and its residents, shall be liberally construed to effect its purposes. Furthermore,