Uses of Municipal Paper Fund

The Municipal Paper Fund shall be used for the following purposesFund. (a) to retire any existing debt or liability; (b) to fund the Interest Reserve Fund; 6 (c) to pay fees and expenses for any professional or other services, including but not limited to services of any financial advisor, attorney, auditor, accountant, bank, underwriter, fiscal agent or trustee engaged in connection with the structuring, issue, sale and delivery of the (d) to smooth out short term cash flow variability and reduce short term financing costs; (e) to provide working capital; (f) to fund such other projects or activity within Belize City that benefits residents of Belize City; and (g) generally to enable the Council to meet its obligations and discharge its functions under the Belize City Council Act. Fund. CAP. 85.