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ARTICLE VII. <br />0091J_1 <br />Investments <br />..Section 701. Moneys.held for the credit of the Acquisition <br />Fuind�:under.'the. provisions of: Section 601 .of this Mortgage shallbe keptinvested and reinvested by the Trustee, but as directed <br />in writing from time to time -by the Lessee,, In such securities as <br />may at the time be authorized investments for funds of the County., <br />which have maturity dates or are subject to redemption by the - <br />owner at the option of the owner on or prior.to.the dates the - <br />funds will be needed, as . shown by a :certificate of the Project <br />'Manager or Alternate Project Manager. Obligations so purchased <br />as an investment of moneys shall be held by or under the control. <br />of the Trustee and shall be deemed at all.times a part of the <br />Acquisition Fund, and the interest.accruing.thereon and anyi <br />profit realized from such investments shall be credited to such - <br />fund, -and any loss resulting from such investment shall be charged <br />to such fund. The Trustee shall sell and reduce to cash funds <br />any such•investments, upon written advice from the Project Manager <br />or Alternate Project Manager, and without further authorization <br />the.Trustee is directed to sell and reduce to cash funds a <br />sufficient amount of such investments whenever the cash balance <br />in -the Acquisition Fund is insufficient to pay a requisition <br />when presented. <br />Section 702. Moneys paid into the Bond Fund under thelpro- <br />visions of Section 503 and the other provisions hereof or under <br />the provisions of the Lease and Agreement shall beinvested`by - <br />r <br />the Trustee, but as directed in.writing from time to time by the <br />Lessee, in' such securities as may at the time be authorized'invest- <br />ments for funds of the'County, an& which mature or are subject to <br />redemption by the owner at the option of the owner on or prior .to <br />the respective dates when the cash funds will b'e required and in <br />no event later than eighteen (18) months from,the date of invest - <br />VII -1 <br />a9� <br />
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