Laserfiche WebLink
�01103788 <br />shall be charged to such fund or account. The Trustee shall sell and reduce to cash funds any <br />investment upon written advice from the Project Manager. <br />Section 7.02. The Corporation hereby covenants to the purchasers and holders of <br />the Refunding Bonds that it will make no use of the proceeds of said bond issue which would <br />cause said bonds to be arbitrage bonds within the meaning of Section �103(b) and 148 of the Code, <br />and further directs the Trustee to comply with said Section 103(b) and 148 and a11 applicable <br />regulations thereunder throughout the term of said bond issue. <br />ARTICLE VIII <br />DISCHARGE OF LIEN <br />Section 8.01. If the Corporation sha11 pay or cause to be paid to the registered <br />owners of the bonds the principal and interest to become due thereon at the times and in the <br />manner stipulated therein, and if the Corpora.tion shall keep, perform and observe all and singular <br />the covenants and promises in the bonds and in this Indenture expressed as to be kept, performed <br />and observed by it or on its part, then these presents and the estate and rights hereby granted shall <br />cease, determine and be void, and thereupon the Trustee sha11 cancel and discharge the lien of this <br />Indenture and execute and deliver to the Cor�ration such instruments in writing as shall be <br />requisite to satisfy the lien hereof and assign and deliver to the Corporation any property at the <br />time subject to the lien of this Indenture which may then be in its possession, except cash held by <br />the Trustee for the payment of interest on and retirement of the bonds. <br />Section 8.02. Bands for the payrnent of which monies (insured at all times by <br />insurance of the Federal Deposit Insurance Cor�ration) or Government Obligations which bear <br />interest and mature in such amounts and at such times as to provide the monies required for the <br />paym�nt in full of the principal thereof and interest thereon sha11 have been deposited with the <br />Trustee (whether upon or prior to the maturity of such bonds) sha11 be deemed to be satisfied <br />within the meaning of this Indenture and no longer outstanding. <br />Section 8.03. [t is specifically understood and agreed that release of the lien of this <br />Indenture shall not affect nor cancel the provisions of this Indenture relating to bonds issued or the <br />rights of registered owners of bonds, the Trustee or the Corporation, which provisions shall <br />continue in,full force and effect according to their terms. <br />Section 8.04. The Corporation may at any time surrender to the Trustee for <br />cancellation by it any bonds previously authenticated and delivered hereunder, which the <br />Corporation may have acquired in any manner whatsoever, and such bonds, upon surrender and <br />caneellation, shall be deemed to be paid and retireri. <br />Section 8.05. Monies : or Government Obligations held by the Trustee in trust for <br />the payrnent and discharge of any o,f the �nds which remain unclaimed for five (5) years after the <br />date on which such bpnds �hall have become due and payable, either at their stated maturity dates or <br />by call for earlier redemption, if such monies were l�eld by the Trustee at such date, or for five (5) <br />years after the date of deposit of such monies, if deposited with the Trustee after said date when <br />such bonds became due and payable, shall, at the written request of the Cor�ration for the benefit <br />22 <br />