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SECTION 4. SUBVENTION. The sum of Five Hundred Forty One Thousand <br />and Six Hundred Forty Two dollars ($541,642) for voluntary Subvention to the City of <br />Redwood City is hereby appropriated from general Port funds (derived from sources <br />other than State granted lands) should the Board of Port Commissioners deem such <br />funds as surplus and provided such payment does not violate Revenue Bond <br />covenants and applicable state and federal laws. <br />SECTION 5. REVENUE BONDS SERIES 2015 INTEREST. For purposes of <br />this Ordinance, "Revenue Bonds Series 2015" refers to those bonds authorized, issued <br />and outstanding pursuant to Resolution No. P-2267 entitled "Resolution of the Board of <br />Port Commissioners of the Port Department of the City of Redwood City Authorizing the <br />Issuance of Revenue Bonds, Approving an Official Statement, Authorizing the <br />Execution and Delivery of a Third Supplemental Indenture, and Escrow Deposit and <br />Trust Agreement and a Bond Purchase Agreement and Authorizing Certain Related <br />Matters." <br />The sum of One Hundred Seventy Three Thousand and Five Hundred Twenty <br />Six dollars ($173,526) is hereby appropriated from general Port funds for the payment <br />of interest on the Revenue Bonds Series 2015 during the Fiscal Year July 1, 2020 — <br />June 30, 2021, and the expenditure of said sum for such purpose is hereby authorized. <br />SECTION 6. REVENUE BONDS SERIES 2015 -PRINCIPAL. The sum of Four <br />Hundred Thirty Five Thousand and Eight Hundred Thirty Three dollars ($435,833) is <br />hereby appropriated from general Port funds for the payment of principal of the <br />Ord/Introduced 05-27-2020 <br />Ord/2ndReading 06-10-2020 <br />3 of 6 <br />P-280 <br />