106-83 Bonds for Hospial - Laserfiche WebLink

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provided, and any loss resulting from such investments shall be charged, to the Debt Service Fund. The Trustee shall sell and reduce to cash a sufficient portion of investments under the provisions of this Section whenever the cash balance in the Debt Service Fund is insufficient to pay the current requirements from that Fund. The deposit of any moneys in the Debt Service Fund may be evidenced by certificates of deposit of the Trustee, as specified by the Fiscal Officer. The Trustee shall sell or redeem investments standing to the credit of the Debt Service Fund to produce sufficient moneys applicable hereunder to and at the times required for the purposes of paying Bond Service Charges when due as aforesaid, and shall do so without necessity for any order on behalf of the Issuer and without restriction by reson of any such order. For purposes of this Bond Legislation and the Indenture, investments shall be valued at the lower of cost or curment market value, whichever is less. (g) Arbitrage Provisions and Transcript of Proceedings. The Issuer hereby covenants that it will restrict the use of the proceeds of the Series 1983 Bonds in such manner and to such extent, if any, as may be necessary, after taking into account reasonable expectations at the time of the delivery of and payment for the Series 1983 Bonds so that the Series 1983 Bonds will not constitute arbitrage bonds under Section t03(c) of the Code. The Fiscal Officer or any other officer, including the Clerk, having responsibility with respect to the issuance of the Series 1983 Bonds, is authorized and directed, alone or in conjunction with any other officer, employee, consultant or agent of the Issuer, to give, with respect to such Series, an appropriate certificate on behalf of the Issuer for inclusion in the transcript of proceedings with respect to such Series, setting forth the reasonable expectations of the Issuer regarding the amount and use of all proceeds of such Series and the facts, estimates, and circumstances on which they are based, such certificate to be premised on the reasonable expectations and the facts, estimates, and circumstances on which they are based, all as of the date of delivery of and payment for the Series 1983 Bonds. The Clerk shall furnish to the Original Purchaser of such Series a true transcript, certified by the Clerk, of all proceedings had with reference to the issuance of such Series, along with such information from the records of the Issuer as is necessary to determine the regularity and validity of the zssuance of the Series 1983 Bonds. (h) Separation of Hospital Receipts and Records. The Issuer covenants that it will segregate the Hospital Receipts from all other funds of the Issuer, will keep or cause to be kept proper books and records in such manner as to show the complete financial results of the operation of the Hospital Facilities, the receipt and expenditure of the Hospital Receipts, and the operation and maintenance expenses of the Hospital Facilities, all capital expenditures for replacement or better- ments to the Hospital Facilities, and the amounts deposited in the Debt -29-