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Ordinance 1891-92
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Ordinance 1891-92
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5/2/2017 9:42:01 AM
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Ordinances
Ordinance Number
1891-92
Date
9/23/1992
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therefor in the 1992 Debt Service Subaccount, to pay the interest <br /> or principal-and interest next coming due on the outstanding 1992 <br /> Bonds . Such payments from the Revenue Fund with respect to the <br /> Project Bonds and Refunding Bonds shall be made on or before the <br /> twentieth (20th) day of each month as follows : <br /> (1) Beginning with the month of November 1992, <br /> and continuing through June 1993, an amount which, with <br /> Assessment Income deposited and other moneys available <br /> therefor in the 1992 Debt Service Subaccount, will be equal <br /> to at least one-eighth (1/8th) of the principal and interest <br /> on the 1992 Bonds to become due and payable on July 1, 1993; <br /> (2) Beginning with the month of July 1993, and <br /> continuing for as long as any of such Bonds are outstanding <br /> and unpaid, an amount which, with Assessment Income <br /> deposited and other moneys available therefor in the 1992 <br /> Debt Service Subaccount, will be equal to at least one-sixth <br /> (1/6th) of the interest to become due and payable on the <br /> next interest payment date on all of such Bonds then out- <br /> standing; <br /> (3) Beginning with the month of July 1993, and <br /> continuing for as long as any of such Bonds. are outstanding <br /> and unpaid, an amount which, with Assessment Income <br /> deposited and other moneys available therefor in the 1992 <br /> Debt Service Subaccount, will be equal to at least one- <br /> twelfth (1/12th) of the principal of such Bonds to become <br /> due and payable on the next principal payment date . <br /> 31 FWW003 Doc 92/09/21 <br />
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