1982-061 - Laserfiche WebLink

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Sinking Fund or the Reserve Account therein and any allowance for depreciation or for renewals or replacements of capital assets of the System. "Operation and Maintenance Fund" shall mean the account created pursuant to the provisions of Section 3.04(D) of this Instrument for the purpose of receiving funds transferred from the Revenue Fund for the payment of Operatl.g Expenses. "Renewal and Replacement Fund shall mean the account created pursuant to the provisions of Section 3.04(E) of this Instrument, into which Gross Revenues shall he deposited for the purpose of financing renewals and replacements to the System. "Revenue Fund" shall mean the account created pursuant to the provisions of Section 3.04(B) of this Instrument, into which all Gross Revenues shall be deposited by the Issuer. "Serial Bonds" shall mean any Bonds for the payment of the principal of which, at the maturity thereof, no fixed man- datury sinking fund or bond redemption deposits are required to be made prior to the 12 month period immediately preceding the stated date of maturity of such Serial Bonds. "Sinking Fund" shall mean the account created pursuant to Section 3.04(C) of this Instrument, into which money shall be transferred from the Revenue Fund for the payment of the prin- cipal of and interest on the Bonds and, to the extent necessary, the Notes. "South County Water System Revenues" shall mean the gross revenues as defined in the resolution of the Board authorizing the issuance of the Notes. "System" shall mean the combined water and sewer facili- ties of the Issuer, together with any and all improvements, exten- sions and additions thereto hereafter constructed or acquired. "Term Bonds" shall mean the Bonds of a series, all of which shall be stated to mature on one date and which shall be subject to retirement by operation of the Bond Amortization Account. 1.02 Authority for this Instrument_. This Instrument is adopted pursuant to the provisions of Ch. 125, Fla. Stat. (1901), and other applicable provisions of law. 1.03 Findings. It is hereby found and determined that: