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Fr- I <br />JUL 17 1985BOOK 61 FAGr557 <br />such series for such Bond Year. In computing the Bond Service <br />Requirement for any Bond Year, the Issuer shall assume that an <br />amount of the Term Bonds of such series equal to the Amortization <br />Installment for the Term Bonds of such series for such Bond Year <br />will be retired by purchase or redemption in such Bond Year. <br />When determining the amount of principal of and interest on the <br />Bonds which matures in any year, for purposes of this resolution, <br />the stated maturity date of Term Bonds shall be disregarded, and <br />the Amortization Installment, if any, applicable to Term Bonds in <br />such year shall.be deemed to mature in such year. <br />The amount of the Bond Service Requirement for any Bond <br />Year shall be reduced by -the amount deposited into the Sinking <br />Fund and/or the Bond Amortization Account, from legally available <br />funds, for payment of the principal of, interest on and/or <br />Amortization Installments for the Bonds. <br />I. "Bond Year" shall mean the annual period ending on a <br />principal maturity date or an Amortization Installment due date <br />for the Bonds. <br />J. "Cost of Operation and Maintenance" of the Project <br />shall mean the current expenses, paid or accrued, of operation, <br />maintenance and repair of the Project, as calculated in accor- <br />dance with sound accounting practice, but shall not include <br />payments in lieu of taxes, any reserve for renewals and <br />replacements, extraordinary repairs or any allowance for <br />depreciation. <br />K. "Federal Securities" shall mean, collectively, (1) <br />direct obligations of, or obligations the principal of and <br />interest on which are unconditionally guaranteed by, the United <br />States of America, which are not redeemable prior to maturity at <br />the option of the obligor; (2) bank certificates of deposit <br />fully secured as to principal and interest by the obligations <br />described in (1); (3) certificates evidencing ownership of por- <br />tions of such obligations described in (1) which are held by a <br />bank or trust company as custodian, under which the owner of the <br />-3- <br />