The following accounts shall be established for the Sinking Fund:
(a) Voted Obligations Account to be held for and applied solely to the payment of debt charges on Voted Obligations;
(b) Unvoted Tax Supported Obligations Account to be held for and applied solely to the payment of debt charges on Unvoted Tax Supported Obligations (other than the payment of principal on bond anticipation notes except for the amount of such notes required to be retired pursuant to RC 133.22 if such notes are outstanding for more than five (5) years);
(c) Unvoted Self-Supporting Obligations Account to be held for and applied solely to the payment of debt charges on Unvoted Self-Supporting Obligations; and
(d) Unvoted Bond and Note Redemption Account to be held for and applied solely to the payment of debt charges and accrued interest on unvoted general obligation bonds, and notes issued in anticipation of such bonds, which are to be retired from the proceeds of the issuance of renewal notes, or bonds or refunding bonds, or from special assessments or other monies transferred for such purposes.
The Sinking Fund Commission may from time to time establish sub-accounts within any of the accounts of the Sinking Fund described in subsections (a) through (d) of this section, provided that each such sub- account shall be for a purpose or purposes within the purposes of such account and shall not be inconsistent with any other provision of this chapter, or any ordinance authorizing the issuance of bonds or notes.
(Ord. No. 944-96. Passed 6-10-96, eff. 6-19-96)