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� <br /> C�� p� <br /> SECTION 4. SUBVENTION. The sum of Three Hundred Forty Seven <br /> Thousand Seven Hundred dollars ($347,700) 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 the 1999 Series <br /> Revenue Bond covenants and applicable state and federal laws. <br /> SECTION 5. REVENUE BONDS SERIES 1999 INTEREST. For purposes of <br /> this Ordinance, "Revenue Bonds Series 1999" refers to those bonds authorized, <br /> issued and outstanding pursuant to Resolution No. P-1622 entitled "Resolution of the <br /> Board of Po�t Commissioners of the Port Department of the City of Redwood City <br /> Authorizing the Issuance of Revenue Bonds and the Execution and Delivery of a <br /> Master Indenture, a First Supplemental Indenture, a Bond Purchase Agreement and <br /> an Official Statement and Authorizing Certain Related Matters." , <br /> The sum of Four Hundred Forty Seven Thousand Seven Hundred Ten dollars <br /> ($447,710) is hereby appropriated from general Port funds for the payment of interest <br /> on the Revenue Bonds Series 1999 during the Fiscal Year July 1, 2011 — June 30, <br /> 2012, and the expenditure of said sum for such purpose is hereby authorized. <br /> SECTION 6 REVENUE BONDS SERIES 1999-PRINCIPAL The sum of <br /> Two Hundred Seventy Five Thousand dollars ($275,000) is hereby appropriated from <br /> general Port funds for the payment of principal of the Revenue Bonds Series 1999 <br /> during the Fiscal Year July 1, 2011 - June 30, 2012, and the expenditure of said sum <br /> for such purpose is hereby authorized. <br /> PORC/ch/Ord/bdgtordFY2012 3 of 6 <br /> S� <br /> �� <br />