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M EM It is understood that the electors of Lessor have authorized the issuance of not to exceed $500, 000 in principal amount of boners and that the initial issue is to be designated "Series A" and is to be in the principal amount of $375,000, which will leave the balance of the total authorized issue to be issued in series from time to time in the future. It is agreed that in the case of the delivery of each series there will be deducted from the total sale proceeds (being the purchase price paid by the purchaser plus accureci interest from the date of the bonds to the date of delivery) the amount necessary to cover interest require- ments, if any amount be necessary, until lease rentals are available hereunder in sufficient amounts therefor and that the amount so deducted will be dcoosited in a Bond Fund (called "Act No. 9 Bond Fund" or "Bond Fund") to be established pursuant to the provisions of the Trust Indenture securing the bonds, and that the remainder of the total sale proceeds in the case of the delivery of each series shall be deposited in a Construction Fund to be established pursuant to the pro- visions of the Trust Indenture. Lessor agrees that it will execute and deliver from time to time, pursuant to the written request of the Lessee, additional series of bonds of said total authorized principal amount, and Lessee shall have and hereby assumes full responsibility for finding purchasers for said additional bonds. Said additional bonds shall be issued in accordance with and pursuant to the conditions set forth in the Trust Indenture pertaining thereto.