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HomeMy WebLinkAbout1814 : : _ = . . . . . _.....~x ra 26 additions thereto all as called for bp said definition; and showing that snch pro forma net earninga of th~ Companp available for interest and property retirement appropriations have been in the aggregate not less than (ij 3i/~ times the amonnt of the annnal interest charg?es stated pnrsnant to garagraph (3} of this subdivision (a) and (u) 1~ timea tLe Masimnm Annual Service Charge stated pnranant to snch pnragraph (3) ; (2) the pro fornaa net earnings of the Company available ' for intereat aa defined in tbus ~ 4.01 for the period of 12 con- secntive Caiendar ~ionths specified pursuant to par4gnaph ' (1) of this subdivision (a), and to that end specifying the revennes and income of the Company and the dednctions therefrom and additions thereto all as called for by said definition; and showing that such pro forma net earnings of the Company available for interest have been in the aggregate not less than 21/4 times the amount of annnal interest charges . stated pnrsnant to paragraph (3) of this subdivision (a) ; (3) the annual interest charges, and the Mazimum Annnal Service !:,`~arge, on all Bonds at the time Ontstanding, on the Additional Bonds applied for, and on all Pnrchase Monep Ob- ligations then secured or then abont to be incurred and secnred by liens npon propertp of the Company, eacept any Bonds or auch Pnrchase Money Obligations which will eease to be Out- standing prior to or conenrrently with the anthentication and ' delivery of tLe Additional Bonds applied for; (4) t.he total amonnt of the net proceeds {other than amounts eqnal to accrned interest) received, in connection witb the eapansion ar constrnction program for pnrposes~ of wluch application is being made for the anthentication and delivery of the Additional Bonds, (i) from borrowings bp the Company and from the isenance and sale of secnritiea other than snch - .~dditional Bonds and (ii) to be received from tLe isanance and ss~e of snch Additional Bonds, but only to the estent that anch net proceeda are to be nsed for the constraction or ac- - qnisition of Propertp A.dditiona pertaining to snch program ~ or have been nsed for the conetrnetion or aeqnisition of prop- ~ erty which canstitntes or, npon completion of snch program, ~ ~ :i o ~ ~ - BflUK~~ ~ ; ~ s.•..~:;~,~ y , ~ f . . _ , . ~3 ~ ~ - . . _ _ _ _ n s ~~.~«~~-='r-~- .F- , , _ _ . _ ~ - : k~r - ! -~4,t'a~- R~ ~ . ~ _ . . . .