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i <br />with the Bonds initially issued hereunder. <br />® ! D. "Amortization Installment" with respect to any Current <br />j Interest Paying Term Bonds of a series, shall mean an amount so <br />® designated which is established for the Current Interest Paying <br />Term Bonds of such series, provided that (i) each such installment <br />shall be deemed to he due on such interest or principal maturity <br />date of each applicable year as is fixed by subsequent resolution <br />of the Issuer, and (ii) the aggregate of such installments for such <br />series shall equal the aggregate principal amount of Current <br />Interest Paying Term Bonds of such series authenticated and deli- <br />vered on original issuance; and wit11 respect tr, any Term Bonds of a <br />series issued as Capital Appreciation Bonds, shall mean the Com- <br />pounded Amounts so designated by subsequent resolution of the <br />Issuer, provided that each such installment shall be deemed to be <br />due on such date of each applicable year as is fixed by subsequent <br />resolution of the Issuer. <br />E. "Authorized Investments" shall mean any of hhe <br />following if and to the extent the same are at the time legal for <br />investment of municipal funds: <br />(1) direct obligations of, or obligations the principal <br />of and interest on which are unconditionally guaranteed by, the <br />United States of America, including obligations issued or held in <br />book entry form on the books of the Department of the Treasury of <br />the United States, or receipts evidencing an interest therein. <br />(2) Bonds, debentures, notes, participation certificates <br />or other evidences of indebtedness issued, or the principal of and <br />interest on which are unconditionally guaranteed, by the Bank <br />for Cooperatives, the Federal Intermediate Credit Bank, the <br />Federal Home Loan Bank System, the Export -Import Bank of the <br />United States, the Federal Financing Bank, the Federal Land <br />Banks, the Government National Mortgage Association, or any other <br />agency or instrumentality of or corporation wholly owned by the <br />United States of America; <br />(3) New Housing Authority Bonds or Project Notes issued <br />-2- <br />