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892
CITY-OF-BATESVILLE
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Iwr 140W <br />month into the Bond Fund, then the amount of any such deficiency <br />in the payment made shall be added to the amount otherwise required <br />to be paid into the Bond Fund on the first business day of the <br />next month. <br />(d) If for any reason there shall be a deficiency in <br />the payments made into the Bond Fund so that there are unavailable <br />sufficient moneys therein to pay the principal of, interest on <br />and required fees in connection with the bonds as the same <br />become due, any sums then held in the debt service reserve shall <br />be used to the extent necessary to pay the principal of, interest <br />on and required fees in connection with the bonds, but the <br />debt service reserve shall be reimbursed in the amount of any <br />such payment as above provided. The debt service reserve shall <br />be used solely as herein provided, but the moneys therein may be <br />invested as subsequently provided in this Ordinance. <br />(iz4) When the moneys held in the Bond Fund, including <br />the debt service reserve, shall be and remain sufficient to pay <br />the principal of and interest on all the bonds then outstanding <br />and required fees, there shall be no obligation to make <br />any further payments into the Bond Fund. <br />(f) All moneys in the Bond Fund shall be used solely <br />for the purpose of paying the principal of, interest on, and Trustee's <br />and Paying Agent's fees in connection with the bonds, except as <br />herein specifically provided. If a surplus shall exist in the <br />Bond Fund over and above the amount required for making all prin- <br />cipal and interest payments when due for the next ensuing twelve <br />months, and over and above the debt service reserve, such surplus <br />may be used, at the option of the City, for the redemption of <br />these bonds or the 1976 Bonds prior to maturity. <br />(g) There shall be withdrawn from the Bond Fund at <br />least three (3) days before the due date of any bond or interest <br />coupon issued hereunder, at maturity or redemption prior to <br />r <br />
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