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from the date of the Bond to its date of delivery to the <br /> Original Purchaser. The Executive and the City Clerk are <br /> authorized and directed to make on behalf of the Issuer the <br /> necessary arrangements with the Trustee and the Original <br /> Purchaser to establish the date, location, procedure and <br /> conditions for the delivery of the Bond to the Original <br /> Purchaser, and to take all steps nece�sary to effect due <br /> execution, authentication and delivery to the Original Purchaser <br /> of the Bond purchased by it under the terms of this Bond <br /> Legislation, the Indenture and the Bond Purchase Agreement. It <br /> is hereby determined that the price for and the terms of the <br /> Bond, and the sale thereof, all as provided in this Bond <br /> Legislation and the Bond Purchase Agreement, are in the best <br /> interest of the Issuer and consistent with all legal <br /> requirements. <br /> Section 7 . Allocation of Proceeds of Bond - Construction <br /> Fund. There is hereby created by the Issuer and ordered <br /> maintained, as a separate deposit account (except when invested <br /> as hereinafter provided) in the custody of the Trustee, a trust <br /> fund in the name of the Issuer to be designated "City of <br /> Decatur" , Illinois - Continental Carbonic Products, Inc. <br /> Construction Fund. " All of the sums from the sale of the Bond, <br /> except accrued interest, if any, received upon the sale of the <br /> Bond to the Original Purchaser, shall be deposited in the <br /> Construction Fund and disbursed by the Trustee in accordance <br /> with the Loan Agreement. The Trustee is authorized and directed <br /> to make each such disbursement. The moneys to the credit of the <br /> Construction Fund (including the proceeds from the sale of <br /> investments thereof) shall, pending applications thereof as <br /> above set forth, be subject to a lien ar_d charqe in favor of the <br /> Bondholder. <br /> Section 8 . Source of Payment - Bond Fund. As provided in <br /> the Agreement, Note Payments , sufficient in time and amount to <br /> pay the Bond Service Charges as they come due, are to be paid by <br /> the Borrower directly to the Trustee for the account of the <br /> Issuer and deposited in the Bond Fund. <br /> There is hereby created by the Issuer and ordered <br /> maintained, as a separate deposit account (except when invested <br /> as hereinafter provided) in the custody of the Trustee, a trust <br /> fund to be desiqnated "City of Dectur, Illinois - Continental <br /> Carbonic Products , Inc. Bond Fund. " There are also hereby <br /> created two separate subaccounts in the Bond Fund to be <br /> designated the "Principal Account" and the "Interest Account. " <br /> Subject to the provisions of the Agreement, the Aond Fund and <br /> the moneys therein are hereby pledged to and shall be used <br /> solely and exclusively for the payment of Bond Service Charqes <br /> as thev fall due at stated maturity or by amortization or <br /> redemption, all as provided hereir. and in the Indenture and the <br /> Aqreement , with Bond Service Charges representing repayment of <br /> Drincipal on the Bond, whether at maturity acceleration or by <br /> mandatory or optional redamption, being paid onlv from the <br /> 14 <br />