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_.~t <br />.~ _ .,. <br />a .~, <br />,.,,, <br />13 <br />The members of the Legislative Authority, the Mayor, <br />the Fiscal Officer and the Clerk are authorized and directed to <br />make the necessary arrangements with the Original Purchaser to <br />establish the date, location, procedure and conditions for the <br />delivery of the Project Bonds to the Original Purchaser and to <br />take all steps necessary to effect due execution, <br />authentication and delivery to the Original Purchaser of the <br />Project Bonds under the terms of this Bond Legislation, the <br />Indenture and the Purchase Agreement. <br />It is determined by this Legislative Authority that <br />the price for and the terms of the Project Bonds, and the sale <br />thereof, all as provided in this Bond Legislation and the <br />Indenture, are in the best interest of the Issuer and are in <br />compliance with all legal requirements. <br />Section 6. Allocation of Proceeds of Project Bonds. <br />The proceeds from the sale of the Project Bonds (including <br />without limitation, any accrued interest thereon) shall be <br />allocated, deposited and credited as follows: <br />(i) to the Bond Fund created by the Indenture, <br />any accrued interest paid by the Original Purchaser; <br />and <br />(ii) to the Project Fund created by the <br />Indenture, the balance of the proceeds of the Project <br />Bonds. <br />Section 7. Security for the Bonds. To the extent <br />provided in, and except as otherwise permitted under the <br />