11-82 Hospital Improvement Revenue Bonds

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month commencing with the month of March, 1972, the sum of $10,000 in each of the months from Maroh to June, inclusive, in the year of 1972; $20,000 in each of the months from July, 1972 to May, 1973, inclusive; and $10,000 in each of the months from June~ 1Q73 to May, 1978, inclusive, together with all interest which is earned on the Debt Service Reserve Fund and Surplus Fu~d until a balance of $1~000,000 has been accumulated in said Improvement Bonds Account of the ~ebt Service Reserve Fund, provided that on the tenth day of each calendar month on and after June, 1978, any moneys in the Improvement Bonds Account of the Debt Service Reserve Fund in excess of 150 per cent of the payments required to be made on the Improvement Bonds in the next ensuing calendar year into the Improvement Bonds Account of the Debt Service Fund or $860,000, whichever is greater, shall be transferred at the direction of the Fiscal Officer to the Surplus Fund, and pro- vlded further that commencing with the principal payment on June 1, 1993 and thereafter the moneys on deposit in the Improvement Bonds Account of the Debt Service Reserve Fund shall be used for the payment of the principal of the Improvement Bonds to be retired on such date. (B) Into the Series 1982 Bonds Account of the Debt Service Reserve Fund at the time of the issuance of the Series 1982 Bonds, an amount equal to the maximum amount required to be pa~d into the Series 1982 Bonds Account of the Debt Service Fund in 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 150 per cent of the payments required to be made on the Series 1982 Bonds in the next ensuing calendar year into the Series 1982 Bonds Account of the Debt Service Fund shall be transferred at the direction of the Fiscal Officer to the Depre-- c~atlon Reserve Fund~ and provided further that, the moneys on deposit in the Series 1982 Bonds 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 Service Reserve Fund. Fifth: Into the Surplus Fund monthly on or prior to the twentieth day of each calendar month commencing with June, 1971, the amounts set forth in the following table: Months Inclusive Monthly Payment July 1971 to February 1972 March 1972 to June 1972 July 1972 to May 1973 $12,000 2,000 6,000 -8-