1987-144 - Laserfiche WebLink

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APPENDIX A D£.FINITION. "Amort.iznt.!on It7stAlIMent, " with respect to Any Term Bands of A series, shall mean An amount or Amosints so designated which is or are established for the Tern Bonder of surh series, provided that the aggregate pr1nc1llA1 amount of such Installments and/or the AggregAte prinr:LpAl amount of the Fecieral .,eeurities, hereinafter defined, psrrchased with such LtistALlmentas, A:9 the case may be, for each maturity of Terms Ronde: of such serLess shall equal. the AggregAt.e prinr.ipai amount of earh maturity of Term Bonds of such series delivered on orLginaL issitan-e. "AnnuAl. Budd;et" shall meAn the AnnuAL Bulget adapted by the County purruant t.o 3er,tl.on 1.04(A) of the ori.rfinal Resolution. "Boar(i" rlhalI mean the BOAt"I of r'nitnty t::>m.ri.r ;Loners of the County. "Bondr." shall mean, eolleP:t.lvely, the Gifford Ponds. the WAt.er Revenue Bonds. ;nrlas 19,410 (.9-:)n_rth County WAtor System). dated September 30. 1982, Ansi the WAt.ar and Sowiltr Revenue Bonds, Series 1982, dater! April 70, 1F3HS. an -1 any obligatlons issued hereafter by the County, in:ludlnt r.he Sories 198+5 Bonds, pursuant to thn provlhions rf :,e:t.i,n 1.04(.1) of theOrlefinAl Resolution. „Bond ,.nrvir.e N• {ssit•merlt" f,�r any Porvl YoAr, as applied to the Nns{, s,t Any rrer Les, F.hALL most the num cif: O) `1110 amountter1111eeCi to p.Ay the tnt.erest boromtn-f due on Bnndei to wt1j,11 th. Bond Set"ILc:o Recistlroment talar.,; during the Bn11r1 YeAr, except. r.n t.hA extent that. such interest shall have been provided by payments into the Sinking Fund out of Bond procoerls for a specified period of time, and except an provided in (4) be Low; (2) The Amount required to PAY "o pt1n(:tpA1 `)f Set.'a1 Bonds maturing during the Bond Year; (3) The amount of Amortization Inst.Allments for Term Bonds required to be Clppositeci in the Bond Amortization Account during the Bond Year; and (4) Iti the event the county has purchased or entered into an agreement to purchase. Federal Securities from money in the Sinking Fund, then the income received or to be received on such Federal Securities from the date of acquisition thereof to the date of maturity thereof, shall be taken into consideration in calculating the payments which will be required to be made into the Sinking Fund. A-1