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caused such Bonds to be "arbitrage bonds" within the meaning of Section 103(c) of the Internal Revenue Code of 1954, as amended, and applicable regulations thereunder as the same may be amended from time to time, and that the City will comply with the requirements of said Section l03(c} and applicable regulations thereunder, as they apply to the Bonds throughout the term thereof. Section 18. Collection of Unpaid Assessments. The unpaid assessments shown on the list of unpaid assessments filed with the Treasurer, together with the interest thereon, shall remain and constitute a trust fund for the redemption and payment of the principal of the Bonds and for the interest due thereon, which unpaid assessments shall be payable in annual series corresponding in number to the number of serial maturities of the Bonds issued. An annual proportion of each unpaid assessment shall be payable in each year preceding the date of maturity of each of the several annual series of Bonds issued, sufficient to pay the Bonds when due, and such proportion of each unpaid assessment coming due in any year, together with the annual interest thereon, shall be payable in the same manner and at the same time and in the same installments as the general taxes of the City on real property are payable, and become delinquent at the same times and in the same proportionate amounts and bear the same proportionate penalties and interest after delinquency as do the general taxes on real property of the City. A record of the several installments of principal and interest on said unpaid assessments which are to be collected in each year during the term of the Bonds shall be kept in the office of the County Controller. When the first interest payment is for interest for a longer period than six months, the County Controller shall enter the amount thereof in the column on the assessment roll provided for the first installment and the balance in the column on the assessment roll provided for the second installment. Sums received from the collection of the principal of said unpaid assessments and of the interest and penalties thereon shall be placed in the Redemption Fund. Any sums collected to represent the costs of such collection shall be apportioned in the manner provided therefor and any sums collected which represent fees and charges imposed by the City to provide for reimbursement of the expenses of its registration system, pursuant to Section 15 hereof, shall be placed in the Bond Administration Fund. The provisions of Part 8 of the Act are applicable to the collection of assessments. Any unpaid assessment may be paid by depositing with the Treasurer the total unpaid balance due on such assessment together with the total interest which would become due thereon if paid in the regular way. If the amount of the payme~t along with prepayments of other assessments and other available monies in the Redemption Fund is sufficient to provide surplus moneys with which to redeem an outstanding Bond, the Treasurer shall then give the proper notice for redeeming such Bond by advancing its maturity in accordance with the provisions of Section 22 hereof, upon which redemption the person or -10-