08-83 Hospital Improvement revenue bonds

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redemption date and any applicable redemption premium, shall be held by the Trustee or Paying Agents so as to be available therefor, then from and after such redemption date such Bonds or portions of fully regis- tered Bonds shall cease to bear interest and any coupons for interest thereon maturing subsequent to the redemption date shall be void. (d) Security. As provided herein, the Bonds shall be equally and ratably: (i) payable from the Special Funds, and (ii) secured by a pledge of and lien on the Net Revenues and the moneys on deposit in the Special Funds, and by the Indenture. Nothing in the Bond Legislation, any Series Bond Legislation, the Bonds, the Indenture or any Supplemen- tal Indenture shall constitute a general obligation, debt or bonded indebtedness of the Issuer, and further, nothing therein shall give the holders or owners of Bonds or coupons, nor do they have, the right to have excises or taxes levied by the Legislative Authority or the Issuer, or by ~he State or the taxing authority of any other political subdivi- sion, for the payment of Bond Service Charges on the Bonds, but such Bonds are payable from the Net Revenues and the Special Funds as pro- vided herein, and each Bond shall contain on the face thereof a state- ment to that effect; provided, however, that nothing herein, in any Ser~es Bond Legislation, in the Indenture, or in any Supplemental Inden- ture shall be deemed to prohibit the Issuer, of its own volition, from using, to the extent it is lawfully authorized to do so, any other re- sources or revenues for the fulfillmen~ of any of the terms, conditions, or obligations of the Issuer set forth in Bond Legislation, any Series Bond Legislation, the Indenture or any of the Bonds. Section 15. Construction Fund and Application of Amounts Therein. There is hereby established and ordered to be maintained in a separate deposit account or accounts (except when invested as herein- after provided) in the custody of the Trustee a ~rus~ fund to be desig- nated "The City of Lakewood Hospital Construction Fund" (the "Construc- tion Fund"). .The proceeds of any Bonds issued to pay Costs of Hospital Facilities ~hall be deposited ~n and credited to the Construction Fund, and amounts in the Construction Fund shall be used only to pay Costs of Hospital Facilities, except as otherwise provided in the Indenture. Section 16. Source of Payment tion Thereof. Special Funds and Applica- (a) There is hereby established and ordered to be maintained, so long as any Bonds remain outstanding, in a separate banking account by the Issuer a fund to be designated the "City of Lakewood Hospital Revenue Fund" (the "Hospital Revenue Fund"). From and after the authen- tication and delivery of the Series 1983-A Bonds and so long as any Bonds remain outstanding, the Issuer shall cause all Hospital Receipts to be deposited promptly in the Hospital Revenue Fund. In each month, commencing with the calendar month following the month in which the Series 1983-A Bonds are authenticated and delivered, the Issuer shall, after first reserving in the Hospital Revenue Fund an adequate sum for any necessary working capital :o meet the current requirements for maintaining and operating the Hospital Facilities and next paying all -32-