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<br />Annual Budget means that portion of the annual budget of the Agency <br />allocable to the Program, as amended .or supplemented, adopted or in effect for <br />a particular Fiscal Year. <br /> <br />. <br /> <br />Asset Accumulation Fund means <br />established and created by Secti.on 501. <br /> <br />Auth.orized Newspapers means a financial paper, .or a newspaper .of <br />general circulati.on in Los Angeles, California, and The Daily Bond Buyer or <br />.other financial newspaper circulated in New York, New Y.ork, each of which is <br />published at least .once a day- f.or at least five (5) days (other than legal <br />holidays) in each calendar week, and is published in the English language. <br /> <br />the Fund <br /> <br />by that <br /> <br />name which <br /> <br />is <br /> <br />Authorized Offi~er means the Chairman, Secretary, Executive Director .or <br />Assistant Executive Director of the Agency or any other person authorized by <br />resolution of the Agency to perform the act or sign the d.ocument in question. <br /> <br />Bearer B.ond or Coupon Bond means a Bond with coupons attached, <br />registerable as to principal only. <br /> <br />Bond or B.onds means any Bond or Bonds, as the case may be, authorized <br />and issued under this Resolution. <br /> <br />Bondholder .or Holder .or Holders .of Bonds or any similar term, when used <br />with respect to Bonds, means any person who shall be the bearer of any <br />Outstanding Bearer Bond or Bonds or the registered owner .of any Outstanding <br />B.ond or Bonds whi ch sha 11 at the time be reg i stered other than to bearer; <br />Holder, when used with respect to c.oupons, means any person who is a bearer .of <br />any such coupons. <br /> <br />. <br /> <br />. <br /> <br />Bond Proceeds Fund means the Fund by that name which is established and <br />created by Section 501. <br /> <br />Bond Purchase Contract means the Purchase C.ontract, dated May 26, 1981, <br />by and between the Agency and the purchasers of the Bonds, Mill er & Schroeder <br />Municipals, Inc;, as manager for the purchaser of the Bonds, wherein the <br />Agency agrees to sell and the purchasers agree to purchase the Bonds. <br /> <br />Bond Register means the books kept hereunder by the Trustee for <br />registration and transfer of the Bonds. <br /> <br />Bond Year means each twelve (12) month period commencing on May 2, <br />1981, or on any May 2 thereafter. <br /> <br />Certificate of Projected Pledged Revenues <br />Certificate showing as of any particular date: <br /> <br />(1) for the current and each future Bond Year the scheduled or <br />estimated amount of Pledged Revenues to be received in each such Bond Year and <br />the Debt Service f.or each such Bond Year with respect to all Bonds to be <br />Outstanding inmediately after the issuance of the Certificate; <br /> <br />means <br /> <br />an <br /> <br />Officer's <br /> <br />. <br /> <br />. <br /> <br />3 <br />