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ORDINANCE NO. NS- ]839 Page Two shall be established as a special fund for the purpose of receiving, holding and disbursing amounts relating to the Pension obligations of the City and shall not be used for any other purpose. Sec. 13-166 Deposit of Monies. The City shall deposit into the Special Pension Obligations Fund, promptly upon the receipt thereof, all amounts relating to the Pension Obligations of the City. Such amounts shall include, without limitation, (a) all gross revenues and amounts derived with respect to the Annuities and (b) all amounts required to be paid by the City to the Public Employees' Retirement System ("PERS") organized and existing pursuant to the Public Employees' Retirement Law of the State of California (constituting Part 3 of Division 5 of the Government Code of the State of California). All amounts deposited into the Special Pension Obligations Fund shall be deemed to be special funds derived with respect to the Pension Obligations of the City, and shall be accounted for separately and apart from all other monies, funds and accounts of the City and shall not be used for any other purpose. Sec. 13-117 Expenditure of Monies Amounts in the Special Pension Obligations Fund shall be expended solely for the purpose of financing the Pension Obligations of the City. Sec. 13-118 Pledge and Allocation of Monies The City may pledge, and may grant a security interest in and lien upon, all or any portion of the amounts deposited into the Special Pension Obligations Fund for the purpose of securing the payment of all or any portion of the Pension Obligations of the City. Sec. 13-119 Pension Obligations Defined As used in this Article, the term "Pension Obligations" shall mean all obligations of the City to finance the retirement system of the City, including but not limited to (a) the obligations of the City to make payment to the Public Employees' Retirement System pursuant to the contract (the "PERS Contract") between the City and PERS dated as of November 25, 1946, as amended from time to time, and (b) the obligations of the City to pay install- ments of the purchase price of the Annuities.