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• <br /> Please insert social security <br /> or other identifying number of <br /> assignee : <br /> There shall be inserted on the reverse side of each <br /> Bond the following paragraph and tabulation: <br /> The accreted amount of each Bond of this series, as of <br /> each January 1 and July 1 from January 1, 1989 through July 1, <br /> 1993 , per $5 , 000 accreted amount at maturity, is set forth <br /> below. The accreted amount as of any other date is the <br /> pro-rated amount between the next prior and next succeeding <br /> January 1 and July 1, being the dates of semiannual compounding <br /> of interest on the Bonds . <br /> ( Insert Accreted Amount Table) <br /> • <br /> Section 3 . Use of Proceeds . Upon payment for the <br /> Bonds by the purchaser , the Treasurer shall deposit the <br /> original proceeds of the Bonds into a separate construction <br /> account to be disbursed to pay issuance costs of the Bonds and <br /> the costs of constructing the improvements to the System and <br /> costs related to the pending ground water litigation with the <br /> United States Army. Any funds remaining after payment of all <br /> such costs shall be transferred to the Bond Fund established <br /> pursuant to Section 4 hereof . <br /> Section 4 . Series 1988A Water System Bond Fund. <br /> The Bonds shall be payable from a separate and special Series <br /> 1988A Water System Bond Fund (the Bond Fund) of the Issuer , <br /> which Bond Fund the Issuer agrees to maintain until the Bonds <br /> have been paid in full . If the money in said Bond Fund should <br /> at any time be insufficient to pay principal and interest due <br /> on the Bonds, such amounts shall be paid from other moneys on <br /> hand in other funds of the Issuer , which other funds shall be <br /> reimbursed therefor when sufficient money becomes available in <br /> said Bond Fund. The moneys on hand in said Bond Fund from time <br /> to time shall be used only to pay the accreted amount of the <br /> Bonds . Into said Bond Fund shall be paid net water revenues of <br /> the System and other funds appropriated to the payment of the <br /> • Bonds in accordance with Section 6 hereof, all taxes collected <br /> pursuant to Section 7 hereof , and any other funds appropriated <br /> by the Council for the payment of the Bonds . <br /> -11- <br />