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(d) <br /> <br />(e) <br /> <br />(f) <br /> <br />be deposited directly in the Debt Ser- <br />vice Fund from appropriate portions of <br />the proceeds from the sale of such <br />Parity Obligations. <br /> <br />In making the calculation for purposes of the <br />study of the independent certified public <br />accountant or firm of accountants provided <br />for in paragraph (c)(1) above, in the case of <br />issuance of Parity Obligations for refunding <br />any outstanding Bonds, payments into the Debt <br />Service Fund on account of interest, premimum <br />and principal requirements of such Parity <br />Obligations shall be used in lieu of and to <br />the exclusion of such payments on account of <br />interest, premium and principal requirements <br />of the Bonds being refunded thereby. <br /> <br />To the extent that the amount of deposits <br />required to be made under the Indenture are <br />to be determined on the basis of the princi- <br />pal amount or principal and interest require- <br />ments of Bonds outstanding, in determining <br />the amounts of such deposits made or to be <br />made while there remain outstanding Bonds for <br />the refunding of which Parity Obligations <br />have been issued, the principal amount and <br />principal and interest requirements of such <br />Parity Obligations shall be disregarded. <br /> <br />Upon receipt of the document required by the <br />foregoing provisions of this Section be <br />furnished to it, the Trustee shall, unless it <br />has cause to believe any of the statements <br />set out in said documents to be incorrect, <br />thereupon authenticate the Parity Obligations <br />proposed to be issued. When so authenti- <br />cated, the Trustee shall deliver the Parity <br />Obligations with all unmatured coupons there- <br />unto attached upon the order of the Issuer to <br />the purchaser or purchasers thereof, upon the <br />payment therefor by such purchaser or pur- <br />chasers to the Issuer of the purchase price <br />therefor. The receipt of the Issuer shall be <br />full acquittal to the purchaser or purchasers <br />for the purchase price of the Parity Obliga- <br />tions, and such purchaser or purchasers shall <br />be under no obligation to see to the applica- <br />tion thereof. The proceeds of the sale of <br />any of the Parity Obligations shall, however, <br />be held in trust and, except for Parity <br />Obligations issued for the purpose of refund- <br />ing of outstanding Bonds, disposed of only <br />for the payment of the expenses of the issu- <br />ance thereof, the payment of interest thereon <br />during the acquisition or construction of the <br />proposed new facilities and the balance paid <br />into the Construction Fund to be disbursed <br />for the cost of acquiring or constructing the <br />proposed new facilities as provided in this <br />legislat±on and in the Indenture. The pro- <br />ceeds of Parity Obligations issued for the <br />purpose of refunding outstanding Bonds shall <br /> <br />-32 - <br /> <br /> <br />