10-82 Issue Hospital Improvement Bonds

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issuance of the Series 1982 Bonds, plus any portion of such net proceeds which represents accrued interest, to the Interest Payment Subaccount of the Series 1982 Bonds Account of the Debt Service Fund, and (b) the entire balance of such net proceeds, to the Bond Proceeds Account of the Series 1982 Construction Fund. The Issuer hereby creates the "Series 1982 Construction Fund," and the Issuer hereby further creates in the Series 1982 Construction Fund the "Bond Proceeds Account" and the "Equity Contribution Account." The Series 1982 Construction Fund shall con- stitute a "Special Fund" for purposes of the Indenture and shall consist of the portion of the net proceeds of the Series 1982 Bonds required to be deposited in the Bond Proceeds Account thereof under this Section and any additional amounts which the Issuer is required to deposit in the Equity Contribution Account thereof under Section 7 hereof or which the Issuer may deposit therein from any other source. The Series 1982 Construction Fund shall be maintained in the custody of the Trustee until all costs of the 1982 Project shall have been paid, at which time any remaining balance therein shall be transferred to the Depreciation Reserve Fund and may be applied by the Issuer to any purpose to which moneys in the Depreciation Reserve Fund may be applied. The Series 1982 Construction Fund shall be maintained in a separate deposit account or accounts, and the moneys held therein shall be invested at the direction of the Fiscal Officer in Eligible Investments maturing not later than the times when such moneys are required for the payments of the costs of the 1982 Project. The moneys in the Series 1982 Construction Fund shall be applied to the purposes for whiCh the proceeds of the Series 1982 Bonds are required to be used under this Ordinance. -11-