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(c) <br /> <br />(d) <br /> <br />(e) <br /> <br />the issuance of Additional Bonds if the Additional <br />Bonds proposed to be issued are to be issued (i) for <br />the purpose of refunding any outstanding Bonds, <br />provided that such refunding will not cause the <br />maximum annual Bond Service Charges payable on the <br />Bonds to be outstanding after such Additional Bonds <br />are issued to increase by more than ten percent <br />(10%) over the maximum annual Bond Service Charges <br />which had been payable on the Bonds outstanding <br />prior to the issuance of such Additional Bonds, or <br />(ii) for the purpose of paying Costs of Hospital <br />Facilities, provided that the Fiscal Officer certi- <br />fies in writing that one-half of the aggregate Net <br />Annual Income for the two most recent complete <br />Fiscal Years for which audited financial statements <br />are available prior to the ~ssuance of such Addi- <br />tional Bonds is at least 120% of the maximum Pro- <br />jected Annual Requirements in any complete Fiscal <br />Year subsequent to the issuance of such Additional <br />Bonds. <br /> <br />If the Additional Bonds proposed to be issued are to <br />be issued for the purpose of paying Costs of Hospi- <br />tal Facilities, the certificate of an Architect hav- <br />ing a reputation for skill and experience in the <br />design and construction of hospitals and related <br />facilities or a Hospital Consultant, stating that <br />the particular purposes to which the proceeds of <br />such Additional Bonds are to be applied are reason- <br />able and necessary for the proper and economical <br />operation of Hospital Facilities or for meeting <br />existing or prospective demands for hospital <br />services. <br /> <br />An executed counterpart of a Supplemental Indenture, <br />including as a part thereof the Series Bond Ordin- <br />ance authorizing the issuance of such Additional <br />Bonds, duly executed by the Issuer, providing the <br />terms, conditions and limitations of such Additional <br />Bonds including the pledge of Net Revenues to secure <br />the payments of Bond Service Charges thereon when <br />due, and further providing for the funding of the <br />Debt Service Reserve Fund to meet the Bond Reserve <br />Requirement for all the outstanding Bonds, including <br />the Additional Bonds proposed to be issued. <br /> <br />A certified copy of Series Bond Legislation duly <br />passed by the Legislative Authority: approving and <br />authorizing the issuance and sate of the proposed <br />Additional Bonds, fixing the maximum aggregate prin- <br />cipal amount thereof, and determining or providing <br />for the determination of the aggregate principal <br /> <br />-39- <br /> <br /> <br />