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.. . 2/28/78 . allocated to and when collected shall be paid into the funds of the respective taxing agencies as taxes by or for said taxing agencies on all property are paid; and (2) That portion of said levied taxes each year in excess of such amount shall be allocated to and when collected shall be paid into a special fund (which, in the case of taxes received by the Agency on or after April I, 1978, shall be the Special Fund provided in Section 19 hereof) of the Agency. ~ The foregoing provisions of this section are a portion of the provisions of said Article 6 of Chapter 6 of the Law as applied to the Bonds and shall be interpreted in accordance with said Article 6, and the further provisions and definitions contained in said Article 6 are hereby incorporated herein by reference and sball apply. The Tax Revenues (except that portion which the Agency may use pursuant to Section 19 hereof for any purpose authorized in said Article 6) are hereby allocated and pledged in their entirety to the payment of the principal of, interest on, and premiums payable upon redemption of, said Bonds as in this resolution provided, and until all of said Bonds, and all interest thereon, have been paid (or until moneys for that purpose have been irrevocably set aside) the Tax Revenues sball be applied solely to the payment of the Bonds, the interest thereon and premiums payable upon redemption thereof, as in this resolution provided. Such allocation and pledge is for the exclusive benefit of the holders of the Bonds 'and shall be irrevocable. Section 19. Speclal Fund. The interest on the Bonds and the principal of the Bonds upon maturity shall be paid by the Fiscal Agent from the Special Fund as hereinafter provided. All Tax Revenues shall be deposited in the Special Fund. On the times specified below, the Fiscal Agent shall transfer the following amounts to the following accounts, each of which the Fiscal Agent sball establish and maintain and hold in trust, and each of which shall be disbursed and applied only as hereinafter authorized. However, if any of the times specified below fall on a Saturday, Sunday or holiday, then the Fiscal Agent shall transfer the following amounts to the following accòunts one bnsiness day preceding the dates set forth herein. Such moneys shall be so transferred to the following respective accounts in the following order of priority, the requirements of each such account at the time of transfer to be satisfied before any transfer is made to any account subsequent in priority: . (a) Interest Account. Commencing on or before the last day of September, 1978 and on the last day of each March and September thereafter, the Fiscal Agent shall deposit in the Interest Account an amount sufficient, together with any moneys then in said account, to pay the amount of interest becoming due and payable on the outstanding Bonds on the next following interest payment date. Moneys in the Interest Account shall be used and withdrawn by the Fiscal Agent solely for the purpose of paying the interest on the Bonds as such interest shall become due and payable (including interest accrued on any Bonds purchased or redeemed prior to maturity). (b) Principal Account. Commencing on or before the last day of March, 1979, and on the last day of each March thereafter, the Fiscal Agent shall deposit in the Principal Account an amount equal to the aggregate principal amount of Bonds becoming due and payable on the next following principal payment date. Moneys in the Principal Account shall be used and withdrawn by the Fiscal Agent solely for the purpose of paying the principal on the Bonds as such principal shall become due and payable. (c) Reserve Account. So long as any of the Bonds are outstanding, a minimum balance equal to maximum annual debt service on the Bonds and any additional bonds (the "Minimum Reserve") shall be maintained in the Reserve Account. If, at any time, the balance in the Reserve Account . 9