Laserfiche WebLink
AATICU V1 <br />Im"011-121. The seemed interest attend the Proceeds of <br />the "Is of the bonds (ho"Ja called 4total Salo rMoode,r) shall <br />be 4"bUrOW OVA handled " follow: <br />(a) Ut rmtem, moll take out of the total "is Proceeds <br />an amGmt OVAL to the Ampot Ix 1961 and February 1, 1962 interest <br />r*qu,iremonts an said bonds and the Tobruary 1. IM prLmipgl r#. <br />*dxemmts# 10" the ASPO&SU Ammat of basic rents to be paid by <br />Wbit'O-10AWS uadft $"tie& 301 of the Whit*-Rodors La&" 4roopont <br />Prior to February Is 1962, and WWII 4OPO#Lt the 04010 into the Bond <br />1= <br />(b) Uwm shall W disbursed by the Trustee "t of the <br />total "I* Proceeds r"Winims of tar the rmpirements of (a) hereof <br />are <br />*at$ Pursu"t to a <br />letter Of butnICtLOGS NUA" <br />by the Mayor <br />and <br />Clerk of the City 0 <br />the anamts necessary to covcr <br />the mcqW"j. <br />tion of the Wort-OAAmmcad <br />property from laedepseeedree a C4004t9's Arkansas <br />Industrial Development corporation and to reimburse e <br />Comty,o Ar "s IU*Wtr$Al D"010pasat CW"V&tioa for *XpftditUXOS <br />so" by it an the Fro, "t up to the date of &*qWWjtjm by the <br />city* imimums without LIALtation the Payment Of the principal <br />and Interest Of Ixt"In finamolng obligistLeass and with regard <br />there" the Trustee shall see that all WrtV9*S a" Was incurred <br />In 00000etion with the iaterin f1mming am satisfied of record; <br />and <br />(a) 2be b&16=0 Of the total "10 PVC,0046 shall be do - <br />posited in s, special account of the City in the Tnwto* gonks which <br />is hereby emated and ordered to be establiabod and which shall be <br />4*819"t" `'1961 Industrial DOVOIDPONSt COnstruction Fund" (heroin <br />