Laserfiche WebLink
<br />. <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />(a) Interest Account. Deposits shall be <br />made into the Interest Account so that the <br />balance therein on the day prior to an Interest <br />Payment Date shall equal the interest payable on <br />the next succeeding Interest Payment Date which <br />occurs on or prior to the Reset Date. Deposits <br />shall be made into the Interest Account so that <br />the balance therein on the day prior to any date <br />on which interest shall be due on occasion of <br />redemption, acceleration or purchase of any Bonds <br />shall equal the interest payable on the date on <br />which said redemption, acceleration or purchase <br />shall be designated to occur in the notice <br />thereof. Moneys in the Interest Account shall be <br />used for the payment of interest on the Bonds as <br />interest becomes due. <br /> <br />Subparagraph (b) of Section 15 of the Resolution shall be <br />amerided"to'creadas follows: <br /> <br />(b) Principal Account. After the deposits <br />have been made pursuant to subparagraph (a) <br />above, deposits shall next be made into the <br />Principal Account so that the balance in the <br />Principal Account on the date of the payment <br />of any installment of principal of the <br />Bonds, whether at redemption, or upon <br />acceleration or purchase of Bonds, is equal <br />to the principal coming due on the then <br />outstanding Bonds on the next December 15, <br />or on any other date for redemption, <br />acceleration or purchase of Bonds designated <br />in the notice thereof by the Fiscal Agent. <br /> <br />section 10. The Chairman, Secretary and all other officers <br />of the Agency are authorized to execute any and all documents <br />and agreements necessary to carry out the intent of this <br />Resolution. <br /> <br />2023k/2281/05 <br /> <br />-8- <br /> <br />5~' <br /> <br />I~"'" <br />