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<br />Bond Service Charges on the Pr,,:)ject. I3ond shal?t, be paya.ble
<br />at the principal offi_ce ol`_ the HoiUer,
<br />T!ze Pro;nct Bond shall be 2::c-?cuted on behalf of the Issuer
<br />by the f?,xer_.u;? ive and by in-2 2:sca_1 0f-fficer (,?Yov_ided that at1y or
<br />all of such s_ignatures rt:,-iy be facsi,niies 1, anci sha ll near t-ne
<br />seal of the Mayor_ or a,`_acsimi_1e ti1p7.eof,
<br />Sec'Li.or,. 4. Pay;nent of ancl Securitv for the Pro-}ect Boiid.
<br />1hc PY'OjPCt:. BOPd si1c311 X]ey? iJ LJJ:LTaJ.i? Soi?ly lY'(Jiil tI1L 11.Lc'C7C`u
<br />.R2ceipts arid (ii) secured 'n_y a ple:]?te an<j a:;5igiir,ieAlt oE the
<br />k'Ied'y'id RcCLl'J-tS c1Tld ciil Oi tfl!' AC7C'F??iflE_'[l'T: d11(? thF_'
<br />i?ote. ?lriyt?.i:i, in this Ba?lU Le:;is?atiori o? the f?_ojr?ct ?a,??a
<br />t0 ti1-- COtltY'cdry I10t;d1t[15?anCj_1ng, iZelt'L'i?Y' the $Qild LeylSlatlCi1,
<br />n(Dr the f?roject Bond, nor the AqIreem.rr_ shall cor.atitute a debt
<br />or : pledra oL the faith anid credit o` the ZSSUer_, a.rid the
<br />Proje?t Bond .shall contair, on it.c, face a stateml?!nt: 'Co t:izat
<br />C?ffecL an?3 a state-nent that it i>? ;?a?,?ab?? solely fro?zl th?
<br />Pleuged Rzct,ipts; providec3, that tio`ninq herein shall be deeTn2d
<br />t.o prohibit the Issuer froTrt using af i.ts own voli.i=.:iot1 and to the
<br />ext_.ent 1.awfully authorizeu any othec resources for the
<br />.fulfiJ_lment of the terms, conditioris or obligations of the Bond
<br />L^qi:,lation or the I'roject Bond.
<br />Section 5. Sale of the Pro-je,,t Lond. The -Project Sona.
<br />?---
<br />i: 'r.',:ek?y sc)?ci ar;ci awar?ec? to tne Oricji..i:L Pur_chase,.:, i.i
<br />W1:If:i:F'I7 Oi Fe'L" Fi1P1'??a i7C r A? c.`? Ut LCe
<br />L 1i_I?11 tU. thk- ?°..?:;ii VlalLIE', thE'rE'.0f. Li1;? ExaC'LlLIVer tkle i 1Si:zll.
<br />f}rtlCer- a??" CZ.eY'}C t?Y"c,. rl:C?-'b?' al.it`.?'1CJL'1'L(_':? cZTI:? C37Y'e?.tE'.C? tC sTl"lk;?
<br />the necess-,l-y arranqe;nentS 4V1t11 the Origiral Purchaser to
<br />esta'r;lisci the daCe, location, procedu.re and conditioiis £or the
<br />del4
<br />Ivory of the Project Bc?nd to the O:'i.qinal PurchaseL, and to
<br />take all steps necessary to effect due execution, authentication
<br />and delivery to the Original Purchaser of the Project Bond under
<br />the ternis of this Bond Legislat:ion. It is hereby deterrnined
<br />that the price ior and the ter_zns of the Proj ect I3ond, and the
<br />sale thereof, a11 as provided in this Bond Legislation, are i.n
<br />the best interest of the Issuer and in compliance wa.th all legal
<br />2equirernents.
<br />Section o. Allocation of Proceeds Uf Project Bon(? -
<br />Construc.t i.Urt r und; InsuraY:r? an : Condemnation Accounts. J I'r.e
<br />proceac?s Lro,ci?the sale k_)f trie^Pr.o - Ject Banc3 shall be ci?.posited
<br />and credited to the Constraction Fund.
<br />There is hcreby cr.aatec9 by the Issuer_ and ordF}red
<br />mai-ntained, a sznarate dep-osi_t accaunt (except whe;i invested as
<br />ttereinafter providec3 ) in the cuskody of the Escrow Agent, on
<br />behalf of_ 'cile Holder, piirsua*lt ta the F,c!:ow Agreement and tiie
<br />Assignrnent, whi.ch Escrow Agreem?nt is i:ereby approve:3- by the
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