Laserfiche WebLink
United~,.~.~¢.~'",,~--, or, unL. Jl required for the purr, o::es, herein provide <br />invested by thc Fi~:cal 0~Icc~ in cll~.~lb~e invcs' <br />~ of this lef~i[;].ation, m~.turin[; not later' than the ti;.ms %~hen the <br />are rcouircd for the paSmmn'ts of ...... <br /> - co .... of tl;~ Proj,:c%; and...n,~_l'" ''~ <br />to thc purl;osc, s for which thc p;'ocecdn of' th~ L:;provc:,:cnt Bon~s <br />tO be uscc~ under thc foregoing sections of this legislation. <br /> <br /> Section ~ Eli .,ih3 e tn..~.;.e.~/__'.?_n_t_s_ ' <br /> · .--- f:__= .... . ....... Eligible In¥¢:st~:~c, nts shall <br />include ar~ of the following: (i) any bon~s or other obli:.;ations of tLu <br />States of ;yacrica which as to princ'~.]~al and interest constitute direct <br />of or are g"~aranteed by the United Otatcs of /u~erica, (ii) oblif~ation.~ of the <br />Federal ]~ationa! Mortgage Association or the Government Hational MortgaDe <br />Association, (iii) obligations of the Federal Interm~di[,~te Credit }!anka: (iv) <br />obligations of Federal Banks for Cooperatives, (v) obligations of Federal Land <br />Ban/:s, or (vi) certificates of deposit of banks or trust companies, including <br />the Trustee, organized under the laws of Canada or the Unite~ States of <br />or a~ province or state thereof, which have combined capital and surplus of at <br />least $25,000~000 in dollars of the United States of Amer'ica, or of any bank <br />or trust company h~,ving its principal office 'in the State of Ohio ~:hich pledges <br />security for the mQneys invested in such certificates of deposit of the same <br />type and in the smme ~nount and manner as if the moneys so invested had been <br />deposited as interim or inactive funds of an Ohio political subdivision pursuant <br />to Chapter 135 of the Ohio Revised Code. <br /> <br /> Section 6. S_jq. ecial Funds and Anolication Ther~-~of -- .q~ ~= as any <br />bonds secured by the Indenture remain outs~andin6, all Pledged Revenues ~ shall <br />be deposited as follows: <br /> <br /> First: All reasonable and proper expenses of operating and main- <br /> raining the llospital Facilities and all appurtenances thereto <br /> excluding depreciation and capit~ replacements· <br /> <br /> Second: Into th$~De.~t. Service Fund monthly on or prior to the twentieth <br /> day of each calendar month commencing in May, 1971, the equal <br /> monthly s_momut as shall be sufficient to pay the interest <br /> · due on the next ensuing interest payment date on the Bond~ <br /> after first crediting against such monthly ~mount any <br /> ~ount of capitalized interes~ then held in the Debt <br /> Service ~nd and to be applied to such nonthly pa}~nent <br /> for interest as set forth in the schedule filed with the <br /> Trustee; and on or prior to the twentieth day of each <br /> calend~ month ~ ' ~ <br /> co,~.enclns in J~e, 1973, the equal monthly <br /> ~ount necessary for the pa~ent of the principal to be <br /> retired on the new succeeding June 1 whether such re- <br /> tirement be at mat~i.ty or by mandatory -' ' ' <br /> ~lnKlng fund <br /> redemption; <br /> <br />Third: Into the Debt Service Rcservc Fund monthly on or prior to <br /> to the twentieth day of each calendar- month com~'::encing with <br /> <br /> <br />