Laserfiche WebLink
(ii) The Trustee shall transfer to the Treasurer the amount of <br />$ for deposit in the Acquisition Fund; and <br />(iii) The Trustee shall deposit the amount of $ to the Costs <br />of Issuance Fund. <br />For record keeping purposes, the Trustee may establish such accounts as may be <br />necessary to reflect such transfer of proceeds. <br />SECTION 5.03. Use of Moneys in the Acquisition Fund; Costs of Issuance <br />Fund. <br />(a) The Treasurer shall hold the moneys in the Acquisition Fund and shall <br />disburse such moneys therefrom to pay Acquisition Costs. Such disbursements shall be made <br />from time to time upon receipt of a Written Request of the City on behalf of the Authority which: <br />(a) states with respect to each disbursement to be made: (i) the requisition number, (ii) the name <br />and address of the person, film or authority to whom payment is due, (iii) the amount to be <br />disbursed, and (iv) that each obligation therein has been properly incurred, and is a proper charge <br />against the Acquisition Fund and has not been the basis of any previous disbursement; (b) <br />specifies in reasonable detail the nature of the obligation; and (c) is accompanied by a bill or <br />statement of account for each obligation. <br />(b) If, after payment by the Treasurer of all Written Requests of the City on <br />behalf of the Authority theretofore tendered to the Treasurer under the provisions of this Section <br />and delivery to the Treasurer and the Trustee of a Certificate of Completion, there shall remain <br />any balance of money in the Acquisition Fund, all money so remaining shall be transferred to the <br />Trustee and deposited to the accounts of the Payment Fund as directed by the Authority. <br />(c) The moneys in the Costs of Issuance Fund shall be disbursed from time to <br />time to pay Costs of Issuance. The Trustee shall disburse moneys in the Costs of Issuance Fund <br />from time to time upon receipt by the Trustee of a Written Request of the Authority which: (a) <br />states with respect to each disbursement to be made: (i) the requisition number, (ii) the name and <br />address of the person, firm or corporation to whom payment is due, (iii) the amount to be <br />disbursed, and (iv) that each obligation therein has been properly incurred, and is a proper charge <br />against the Costs of Issuance Fund and has not been the basis of any previous disbursement; (b) <br />specifies in reasonable detail the nature of the obligation; and (c) is accompanied by a bill or <br />statement of account for each obligation. <br />The Trustee shall hold the moneys in the Costs of Issuance Fund and disburse <br />such moneys therefrom in accordance with this Section. <br />Upon the earlier of the date six months after the Closing Date for the related <br />Series of Bonds or the date of receipt of a Certificate of the Authority stating that all Costs of <br />Issuance have been paid, the Trustee shall transfer any amounts then remaining in the Costs of <br />Issuance Fund to the Acquisition Fund; provided that investment eamings may be transferred to <br />the Rebate Fund as provided in Section 7.02. <br />U 92 <br />55394.00011 \8754149.4 8 Lj <br />