08-83 Hospital Improvement revenue bonds

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The proceeds of the Series 1983-B Bonds deposited in the Construction Fund pursuant to clause (c) of the next preceding paragraph shall be applied to the following purposes: (i) the payment of the costs of issuance of the Series 1983'B Bonds; (ii) the payment of capi- talized interest on the Series 1983-B Bonds during such period, if any, specified in the Certificate of Award; and (iii) the payment or transfer from the Construction Fund to the General Fund or any other fund or account of the Issuer of the amount required to be so paid or trans- ferred in order for the Issuer to effect the Issuer's sale of the park- ing garage connected to the Existing Hospital Facilities (which parking garage the Issuer currently owns and operates as a general municipal facility) and the Issuer's acquisition thereof as part of its Hospital Facilities by means of an inter-fund transfer of all or part of the purchase price for such parking garage. As used with respect to the Series 1983-B Bonds and the application of'the proceeds thereof, the term "Project" shall mean the Issuer's acquisition of such parking garage as part of its Hospital Facilities by means of inter-fund trans- fer and sale. Section 14. General Terms and Provisions of all Bonds. (a) Designation~ Payment and Form. Ail Bonds shall be desig- nated ~'Hospital Improvement Revenue Bonds", and Bonds of each Series shall bear such designations as may be necessary to distinguish them from Bonds of any other Series. Bond Service Charges on all Bonds shall be payable in lawful money of the United States. Subject to provisions of the applicable Series Bond Legislation, Bonds shall be issued as coupon Bonds or as fully registered Bonds and may be exchanged as be- tween forms, all as provided in the Indenture. All Bonds shall be negotiable instruments, subject to applicable provisions for regis- tration, and shall express on their faces the purposes for 'which they are issued and such other statements or legends as may be required by law. '(b) Execution. Ail Bonds and coupons appertaining thereto shall be executed in the manner provided in the applicable Series Bond Legislation authorizing their issuance or in the manner provided by the applicable law in effect at the time of their issuance. In ~ase any officer whose signature or a facsimile of whose signature shall appear on any Bonds or coupons shall cease to be such officer before the issu- ance, authentication or delivery of such Bonds or coupons, such signa- ture or such facsimile shall nevertheless be valid and sufficient for all purposes, the same as if such officer had remained in office until that time. (c) Redemption Features. Unless otherwise provided in the applicable Series Bond Legislation for any Series of Additional Bonds, notice of call for redemption of any Bonds shall be given in the manner provided in Section 7(h) hereof for the redemption of Series 1983-A Bonds. If Bonds or portions of fully registered Bonds are duly called for redemption and if on such redemption date moneys for the redemption of all the Bonds to be redeemed, together with accrued interest to the -31-