1989-042 - Laserfiche WebLink

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accordance with generally accepted accounting methods, and shall include, without limiting the generality of the foregoing, insurance premiums, administrative expenses of the County related solely to the System, costs of labor, materials and supplies used for such operation and charges for the accumulation of appropriate reserves for current expenses not annually recurrent but which are such as may reasonably be expected to be incurred in accordance with such accepted accounting methods, but shall exclude payments into the Sinking Fund or the Reserve Account therein and any allowances for depreciation or for renewals or replacements of capital assets of the System. 21. "Operation and Maintenance Fund" shall mean the account created pursuant to the Resolution for the purposes of receiving and maintaining funds transferred from the Revenue Fund for the payment of Operating Expenses. 22. "Original Bonds" shall mean the bonds of the County known as the Water and Sewer Revenue Bonds, Series 1979, dated August 30, 1979, the Water and Sewer Revenue Bonds, Second Series 1979, dated May 21, 1981, the Water Revenue Bonds, Series 1980 (South County Water System), dated September 30, 1982, and the Water and Sewer Revenue Bonds, Series 1982, dated April 30, 1985. 23. "Paying Agent" shall mean Florida National Bank, St. Petersburg, Florida. 24. "Pledged Funds" shall mean the Net Revenues, together with any other receipts, revenues and funds pledged in connection with the Bonds. 25. "Record Date" shall mean the 15th day of the month immediately preceding an interest or other applicable payment date for the Bonds. 26. "Registered Owner", "Bondholder" or any similar term shall mean any person who shall be the owner of any outstanding Bond or Bonds as shown on the books of the County maintained by the Bond Registrar. 27. "Renewal and Replacement Fund" shall mean the account created pursuant to the Resolution into which funds shall be deposited for the purpose of providing funds for payment of the costs and expenses of renewals and replacements to the System. 28. "Required Renewal Fund Payments" shall mean the amounts required to be deposited in each month to the credit of the renewal and replacement fund under Section 3.04(E) of the Senior Lien Bond Resolution so long as the Senior Lien Bonds are outstanding.