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CITY-OF-BATESVILLE
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4/30/2019 1:48:20 PM
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*W <br />Section 1008. Available moneys shall be applied by the <br />Trustee as follows: <br />(a) Unless the principal of all the bonds shall have <br />become or slia.l.l b t z been declared due and payable, all such moneys <br />shall be <br />Ve t: to the payment to the persons entitled thereto of <br />all installments of interest then clue, ;n the order of the maturity <br />of the installments of such interest, cud, if the amount available <br />shall not be sufficient to pay in fall any particular installment, <br />iheti to the payment ratably, according to the amounts due on such <br />installment, to the persons entitled thereto, ;aithcut any discrimina- <br />tion or privilege; <br />Second: to the payment to the persons entitled thereto of <br />the unpaid princl p!T ]. of any of the bonds sha 1 have become due <br />(other than bonds called for redemption for the payment of which <br />moneys are held, pursuant to the provisions of this Indenture), in the <br />order of their due dates, with interest on such bonds from the re- <br />spective dates upon which they become due, and, if the amount avail- <br />able shall not be sufficient to pay in full bonds due on any particu- <br />lar date, together with such interest, thea to the payment ratably, <br />according to the amount of principal due on such date, to the persons <br />entitled thereto without any discrimination or privilege; and <br />Third: to the payment of the interest on and the principal <br />of the bonds, and to the redemption of bonds, all in accordance with <br />the provisions of Article V of this Indenture. <br />(b) If the principal of all the bonds shall have become <br />due or shall have been declared due and payable, all such moneys <br />shall be applied to the payment of the principal and interest then <br />due and unpaid upon the bonds, without preference or priority of <br />principal over interest or of interest over principal, or of any <br />installment of interest over any other installment of interest, or <br />
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