Whenever there is not a sufficient amount of cash in the Local Improvement Guarantee Fund at any time to pay any and all warrants, together with interest thereon drawn against the Fund, the Council may replenish the Fund by transferring or appropriating to it moneys from the general Fund, subject, however, to the limitations herein prescribed and to the limitations prescribed by state statutes, and warrants drawing interest as provided in Section 3.04.050 may be issued against the Local Improvement Guarantee Fund to meet any financial liability against it, but at the time of making its next annual levy, the Municipality shall provide for the levying of a sum sufficient with other sources of the Guarantee Fund, to pay warrants so issued and outstanding, the tax for this purpose not to exceed one mill in any one year. (prior code §1-22-5)