|
; _
<br /> . .:,. r . ,:: .,..�. ,..;� ; . ryw . . .n . . . . , . . .. . . ... � , . . T . _... . .
<br /> . _ �".' . �. � .
<br /> . . . __ � .
<br /> , . . _ ""�: ' i
<br /> � . ._ , . . .._. __.. , . . w ... _ ., . _ � . . _ . ,
<br /> ''� � �' UU7210
<br /> � �RiICLE VI .
<br /> � , ' ,;
<br /> Custodv and Application of Proceeds of Bonds , '' " ��"`
<br /> � :�r+ �,.
<br /> Section 601 . There is hereby created by the Issuer and r � ,' , , -� � "' �„il
<br /> �k' j �rzw +��,
<br /> established with the Trustee a trust fund in the nar�e of the "� , , � � ;
<br /> ��h �;
<br /> Issuer to be designated " Doniphan/Lincoln Equipment Company '� � � �" � :;
<br /> ��,h� , �
<br /> �� ��"" . ��`.
<br /> Project Acquisition Fund ( which is herein called the " Acguisition ,�;, '`' 4 �, �
<br /> �) .u,. � . "^ri
<br /> Fund " ) . The proceeds fror.i the sale of the 1977 Aonds shall be ���,: Y `�,
<br /> �,,
<br /> deposited in the Acquisition Fund . t4oneys in the Acquisition ^.�; :
<br /> ��., ' � , � �:
<br /> Fund shall be e ::pende3 on orders and requisitions signed by the ��*'
<br /> ��k ' �
<br /> Project Manager or the Alternate Pro� ect Manager , but only d• , � 'J
<br /> for the costs or acquir ;ng , constructing , equ_ apin and ��`
<br /> 8 � �
<br /> cornpleting the Project , as specified in the Lease and �, + ` �'
<br /> �' s '�4
<br /> particularly Sections 4 . 1 and 4 . 2 thereof . � � , .s,
<br /> �
<br /> �,. dn �, ...
<br /> Each disbursement from the Acquisition Fund shall be on the �` � �'.
<br /> ���,5�@,
<br /> '; e;,
<br /> basis of sucn a requisition which shall specifically identify " , d „
<br /> i� -'
<br /> the item of cost ( wit'� a co � kt �'"� '
<br /> py of the bill or statement of account n ;. ,�; zr�,�.,�z
<br /> x ti w.
<br /> � wt.��.
<br /> therefor appendad thereto ) and specify that : � � - zn�.��
<br /> a.�n. , ,u;:
<br /> �.�� I YN`���Y
<br /> ( a ) An obligation in the stated ar.iount has been r��
<br /> incurred by or on behalf of the Issuer ; �' �' x,
<br /> �� ��'�
<br /> d'
<br /> �� ,< <�� „
<br /> ( b ) Such obligation constitutes a proper charge �er' � , M
<br /> against the Acquisition Fund and has not been � ' `'"��
<br /> �
<br /> previously paid therefrom ; �'�' ���! '
<br /> :;<� � � ';,a'
<br /> ( c ) Such obligation represents the amount to which ;;; q,.,`:
<br /> the payee is entitled with respect to an item '' '<`
<br /> of cost incident to acquirin _q the Land ( as that
<br /> terr.i is defined in the Lease ) , acquiring , con- �' "":'`
<br /> structing and completing the Plant ( as that t'`�
<br /> term is defined in the Lease ) , or acquiring and �, �
<br /> installing the Leased Equipment ;
<br /> f;;
<br /> ( d ) The signer of the requisition has no actual
<br /> notice of any vendors , mechanics , or other , " -'
<br /> liens or rights to liens , chattel mortgages or
<br /> c�
<br /> conditional sales contracts or other contracts
<br /> or obligations which should be satisfied or dis -
<br /> charged before such disbursenent is made ; and '�
<br /> ( e ) Such obligation represents no item of payment
<br /> on account of any retained percentages which the `
<br /> Issuer is entitled to retain .
<br /> Further , as to each requisition which is either in whole or in
<br /> � :
<br /> part with respect to payment for work , materials , supplies
<br /> . � , ;.::
<br /> or equipment , the signer thereof shall certify that such work "
<br /> �
<br /> was actually performed in a satisfactory manner and the materials '� ,'•'�
<br /> sup� lies or e ui M ,�,�°
<br /> q pment were actually used in or about the construc - ,, �„..
<br /> tion or delivered at the site for that purpose , and shall be „m.
<br /> � w�,. J h
<br /> aecon�panied by a ceztificate of an architect or engineer selected � .M- .
<br /> � w
<br /> . ���,�,mw.+
<br /> i
<br /> � 38 J
<br /> :r �»rai4 w. . : '. ... . ..A- . � . .
<br /> -. . � .n , ri i r.,, > gaM ,irontW' Slk,S,y$=5�1� ..i y �tRs #� . _ . . . . . .
<br /> 1
<br />
|