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. . . City by the signatures of the Mayor and City Administrator and be sealed with the seal of the City. When the Bonds have been so executed, they shall be delivered by the City Administrator to the purchaser thereof upon payment of the purchase price, and the purchaser shall not be required to see to the application of the purchase price. Section 4. Separate Fund for Proceeds. A special fund designated "The General Obligation Tax Increment (Taxable) Bonds, Series 1988A Fund" (the Fund) is hereby established separate from other funds of the City. A separate account is hereby established within the Fund for purchasing the Property, which shall be designated the "1988 Industrial Park Property Acquisition Account" (the Acquisition Account). The proceeds of the sale of the Bonds, less the portion instituting capitalized interest, shall be credited to the Acquisition Account which shall be used to pay the purchase price and other and other expenses of acquiring the Property and expenses incurred in connection with the issuance of the Bonds. When such costs and expenses have been paid, the Acquisition Account shall be discontinued and any moneys remaining therein shall be transferred to the debt service account authorized in section 5 hereof. Section 5. Debt Service Account; Pledge. A separate account within the Fund is hereby established, designated the "Series 1988A Tax Increment (Taxable) Bond Debt Service Account" (the Debt Service Account). All tax increments from the District (the Tax Increments) are hereby irrevocably appropriated and pledged to the Debt Service Account to the extent necessary to pay principal of and interest on the Bonds. There is also pledged to such account (a) all taxes, if any, which may at any time are levied for payment of the Bonds; (b) all funds remaining in the Acquisition Account when it is discontinued as provided in Section 4, above; and capitalized interest in the amount of $ 32 500 . The Debt Service Account shall be used to pay principal and interest on the Bonds. If moneys in the Debt Service Account should at any time be insufficient to pay principal and interest due on the Bonds, such amount shall be paid from the general fund of the City, which shall be reimbursed therefor when sufficient money becomes available in the Debt Service Account. Section 6. Tax Pledqe. 6.1) It is determined that the estimated collection of Tax Increments are expected to produce sums at least five percent (5%) in excess of the amount needed to meet when due the principal and interest payments on the Bonds. The City recognizes and affirms the pledge of the full faith and credit of the City to the payment of the Bonds. In the event that the Tax Increments do not prove sufficient to pay in full the principal and interest on the Bonds, the City will promptly levy ad valorem taxes as necessary for such payment without limitation as to rate or amount. 3 .