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option of the Board, or by the operation of any sinking fund <br />provided for the issue, at such time or times and at such <br />price ar prices as the Board may determine, whether or not <br />involving a premium over the principal amount of such bonds, <br />provided , however , that any such premium shall not exceed <br />four percent ~4Q} of the principal amount of bands to be <br />redeemed; for the appointment of such fiscal or paying <br />agents, registrars, trustees, or other agencies, for any <br />such issue of bonds, as the Board may determiner for the <br />benefit and protection of the holders of such bands; far the <br />deposit of funds including bond proceeds with such agents or <br />trustees for any lawful purpose for which such funds may be <br />deposited; for the manner of disbursement of, and accounting <br />for, band proceeds; for the rights and remedies of the <br />holders of such bonds; for the establishing and maintaining <br />of special funds or accounts to insure the payment when due <br />and payment of the principal of and interest on such bonds <br />and for other purposes, from proceeds of the sale of bonds <br />or revenues of the Electric Utility System or other monies <br />lawfully available and pledged to the payment of such bonds <br />and the interest thereon, and for the investment and rein- <br />vestment of monies or obligations in such special funds; and <br />to covenant with, and for the benefit of , the holders from <br />time to time of such bonds as the Board may determine. <br />g. The Eugene Water & Electric Board shall, by <br />resolution, determine the amount or amounts required for the <br />purposes for which the monies are borrowed at any particular <br />Ordinance -- 5 <br />