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. . . . f Improvements and payment of the cost thereof (not transferred by the Council to the payment of the costs of any other improvement). Such separate account shall be .used solely to pay principal and interest on the Bonds and any other general obligation bonds of the City heretofore or hereafter issued by the City and made payable from such separate account as permitted by law. If moneys in such separate account should at any time be insufficient to pay principal and interest due on Bonds, such amount shall be paid from the general fund of the City, which shall be reimbursed therefor when sufficient money becomes available in such separate account. Any sums from time to time held in such separate account (or any other fund of the City which will be used to pay principal or interest to become due on the Bonds) in excess of amounts which under Section 148 of the Internal Revenue Code of 1986, as amended (the Code), may be invested without regard to yield, shall not be invested at a yield in excess of applicable yield restrictions imposed by such provisions of the Code and regulations. 4.02. Special Assessments. The City hereby covenants and agrees that, for the payment of the cost of Improvements, the City will do and perform all acts and things necessary for the final and valid levy of special assessments in an amount not less than twenty percent (20%) of the cost of each of the Improvements. The City estimates that it will levy assessments in the aggregate principal amount of Five Hundred Sixty Thousand Dollars ($560,000), payable in equal, consecutive annual installments, with estimated interest on unpaid installments thereof from time to time at the rate of Five and Twenty-five Hundreths percent (5.25 %) per annum. It is presently estimated that the principal and interest on such special assessments will be collected in the years and amounts as follows: Collection Year Amount 1993 1994 1995 $ 223,476 206,267 196,467 In the event that any such assessment shall at any time be held invalid with respect to any lot or tract of land due to any error, defect, or irregularity in any action or proceeding taken or to be taken by the City or by this Councilor by any of the officers or employees of the City, either in the making of such assessment or in the performance of any condition precedent thereto, the City hereby covenants and agrees that it will forthwith do all such further things and take all such further proceedings as shall be required by law to make such assessment a valid and binding lien upon said property. 4.03. Pledge of Full Faith and Credit. The City pledges its full faith and credit to the payment of the Bonds. In the event that said special assessments do not prove sufficient to pay 13.