11-82 Hospital Improvement Revenue Bonds

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Section 5. Amendments Regarding Transfers from the Debt Service Reserve Fun~. Subsection (a) of Section 6 of the Original Bond Ordinance as amended by the 1982 Bond Ordinance, which in its present form reads in its entirety as follows: "Section 6. ~pecial Funds and A~.ication Thereof - (a) So long as any Bonds secured b~ the Indenture remain outstanding, all Pledged Revenues shall be applied or deposited as follows: First: To the payment of all reasonable and proper expenses of operating and maintaining the Hospital Facilities and all appurtenances thereto, excluding depreciation and capital re- placements. Second: (A) Into the Interest Payment Subaccount of the Improvement Bonds Account of the Debt Service Fund, monthly on or prior to the twentieth day of each calendar month commencing in May, 1971, the equal monthly amount as shall be sufficient to pay the interest due on the next ensuing interest payment date on the Improvement Bonds after first crediting against such monthly amount any amount of capitatzzed interest or other moneys then held in such Subaccount and to be applied to such monthly payment for interest; and into the Principal Payment Subaccount of the Improvement Bonds Account of the Debt Service Fund, on or prior to the twentieth day of each calendar month commencing in June, 1973, the equal monthtylamount necessary for the payment of the principal of the Improvement Bonds to be retired on the next succeeding JUne 1 whether such retire- ment he at maturity or by mandatory sinking fund redemption. (B) Into the Interest Payment Sub-account of the Series 1982 Bonds Account of the Day of each calendar month commencing February, 1982, the equal monthly amount as shall be suffi- cient to pay the interest due on the next ensuing interest payment date on the Series 1982 Bonds after first crediting against such monthly amount any amount of capitalized interest or other moneys then held in such Subaccount and to be applied to such montly payment for interest; and into the Principal Payment Account of the Series 1982 Bonds Account of the Debt Service Fund, on or prior to the twentieth day of each calendar month commen- cing in February, 1984, the equal monthly amount necessary for the payment of the principal of the Series 1982 Bonds to be retired on the next suc- ceeding February I, whether such retirement be at maturity or by mandatory sinking fund redemption. Third: (A) Into the Improvement Bo~ds Account of the D~bt Service Reserve Fund, monthly on or prior to the twentieth day of each calendar -7-