There is hereby created and established with the depository bank, to be held by the depository bank separate and apart from all other funds or accounts of the depository bank and from all other funds or accounts of the issuer, a Notes Project Fund for each series of notes. The moneys derived from the sale of the notes shall be deposited with the depository bank in the respective Notes Project Fund and applied solely to the payment of the design costs.
(Ord. passed - -)