11-82 Hospital Improvement Revenue Bonds

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paid into the Series 1982 Bonds Account of the Debt Service Fund mn any year, provided that on the tenth day of each calendar month on and after that date, any moneys in the Series 1982 Bonds Account of the Debt Service Reserve Fund in excess of the sum of the payments required to be made into the Series 1982 Bonds Account of the Debt Service Fund in the subsequent year in which such sum is highest, shall be transferred at the direc- tion of the Fiscal Officer to the Depreciation Reserve Fund~ and provided further that, the moneys on deposmt in the Series 1982 Bond~.Account of the Debt Service Reserve Fund shall be used for the payment of the principal of the Series 1982 Bonds to be retired on February 1, 2014. Fourth: Monthly on the twentieth day of each month such sum as may be necessary to make up any previous deficiency in any monthly deposit required to be made to the Debt Service Fund or Debt Servmce Reserve Fund. Fifth: Into the Surplus Fund ~onthly on or prior to the twentieth day of each calendar month commencing with June, 1971, the amounts set' forth ~n the following table: Months Inclusive July 1971 to February 1972 March 1972 to June 1972 July 1972 to May 1973 June 1973 to December 1977 January 1978 to Dece~iber 1980 January 198I to December 1981 January 1982 to December 1990 Monthly Payment $12,000 2,000 6,000 5OO 10,000 9,000 8,000 together with interest earned on moneys deposited in the Surplus Fund, Debt Service Fund and Debt Service Reserve Fund after the balance on deposit mn sazd Debt Service Reserve Fund has once reached at least $1,000,000, and until the time of issu- ance of the Series 1982 Bonds. Ail moneys credit- ed to the Surplus Fund shall be held in such Fund and untml completion of the Project shall be used solely for the purposes of completing the Pro]ect, to make ma3or unanticipated repairs or replace- ments to the Hospital Facilities or to pay prin- cipal of and interest on the Issuer's now out- standing unvoted general obligation bonds and notes and thereafter shall be used without lm~ulta- tmon for any lawful hospital purpose. Sixth: Into the Depreciatmo~ Reserve Fund: (i) at the tmme of the mssuance of the Series 1982 Bonds, all moneys in the Surplus Fund then held by the Issuer; (il) after the issuance of the Series 1982 Bonds, any amounts required to be deposited mn the Surplus Fund under Paragraphs Thmrd (A) and Fifth above; (iii) any amounts reqnlred to be credited to and deposited in the Depreciation Reserve Fund under subsection (c) of - Il-