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months, provided that no such borrowing <br /> pursuant ~o this clause may be outstanding <br /> for a period of at least thirty (30) consecu- <br /> tive days during each period of twelve (12) <br /> consecutive months beginning with the first <br /> deposit 5o the Depreciation Reserve Fund. <br /> <br /> The Depreciation Reserve Fund shall be <br /> maintained in the custody of the Trustee. Until <br /> required for the purposes for which moneys held in <br /> the Depreciation Reserve Fund may be used, such <br /> moneys shall be invested in such Eligible In~eslt-~ <br /> ments as may be designated by the Fiscal Officer. <br /> Investments in the Depreciation Reserve Fund may, <br /> when and as directed by the Fiscal Officer, be <br /> sold, surrendered, exchanged, or otherwise dis- <br /> posed of, and such investment shall be valued at <br /> cost or current market value, whichever is lower. <br /> <br /> (f) The designations and directions for <br /> the investment of moneys held in Special Funds <br /> given by the Fiscal Officer to the Trustee in <br /> accordance with this Section 6 may be given in <br /> writing or orally, provided that if the Fiscal <br /> Officer gives any such designation or direction <br /> orally, he shall confirm such designation or <br /> direction in writing within five (5) business days <br /> from the giving of such oral designation or <br /> direction. <br /> <br /> Section 7. Additional Deposit to the Construction <br />Fund. At the time of the issuance of the Series 1982 Bonds, <br />the Issuer shall deposit in the Equity Contribution Account <br />of the Series !9~2 Construction Fund the Equity Contribution, <br />defined hereinbelow, as an equity contribution in addition <br />to the proceeds from the sale of the Series 1982 Bonds <br />required to be deposited therein under Section 5 of this <br />Ordinance. For the purposes of this Section 7, the Equity <br />Contribution shall be the amount which, when added to the <br />following amounts, shall cause the amount to be deposited in <br />the Series 19S2 Construction Fund to equal $25,560,000: <br />(i) t]~e net proceeds from the sale of the Series 1952 Bonds <br />required to be deposited in the Series 1982 Construction <br />Fund under Section 5 hereof, and (ii) the interest projected <br />to be earned (as determined by the Executive and the Fiscal <br />Officer) on moneys held in the Series 1952 Bonds Account of <br />the Debt Service Fund, the Debt Service Reserve Fund, the <br /> <br />-21- <br /> <br /> <br />