which shall read as follows: "SEC. 41. Disposition of Income.
Section 41
Section 41 which shall read as follows: "SEC. 41. Disposition of Income.—The income of the district shall be disposed of according to the following priorities: "First to pay its contractual and statutory obligations and to meet its essential current operating expenses. "Second, to allocate at least fifty percent (50%) of the balance exclusively as a reserve for debt service and operating and maintenance, to be used for such purposes only during periods of calamities, force majeure or unforseen events. "Third, to allocate the residue as a reserve exclusively for expansion and improvement of its physical facilities."