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cost, additional securities, in like manner, may be issued to | | provide the amount of the deficiency and, unless otherwise provided | | in the authorizing resolution or in the trust agreement securing | | the securities, are deemed to be of the same issue and are entitled | | to payment from the same fund without preference or priority of the | | securities first issued for the same purpose.__The resolution | | providing for the issuance of securities and any trust agreement | | securing the securities may contain such limitations upon the | | issuance of additional securities as the board may consider proper.__ | | Additional securities must be issued under such restrictions and | | limitations as may be prescribed by the resolution or trust | | agreement.__The board may provide for the replacement of any | | securities that become mutilated, destroyed, stolen or lost.__ | | Securities may be issued under this Act without the board's | | obtaining the consent of any department, division, commission, | | board, bureau or agency of the State and without any other | | proceedings or conditions other than those proceedings or | | conditions that are specifically required by this Act. |
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| | | 7.__Use of proceeds.__The proceeds of the securities of each | | issue must be used for the payment of all or part of the cost of | | the project, projects or part of any project for which they are | | authorized and must be disbursed in such manner and under such | | restrictions as are provided in the resolution authorizing the | | issuance of the bonds or in the trust agreement securing the | | securities.__Proceeds may be used to pay all costs incurred in | | issuing the securities and interest on the securities for such | | time as may be authorized by the board, subject to the provisions | | of this Act, and to establish reserve funds and sinking funds for | | the securities. |
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| | | 8.__Interim or temporary securities.__Prior to the preparation | | of definitive securities, the board may, under like restrictions, | | issue interim or temporary securities with or without coupons, | | exchangeable for definitive securities when those securities are | | executed and are available for delivery. |
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| | | 9.__Securing of principal and interest.__The principal of and | | interest on any securities issued by the board, together with any | | related costs and expenses, must be secured by a pledge of the | | revenues and receipts derived by the board from the project, | | projects or part of any project financed and from such other | | revenues of the board as may be specially pledged by the board | | and may be secured by a mortgage covering all or any part of the | | project, projects or part of any project, including any | | enlargements of and additions to the project, projects or part of | | any project made.__The resolution under which the securities may | | be issued and any mortgage may contain any agreements and | | provisions respecting the maintenance of the project, projects or | | part of any project covered; the fixing and collection of rents, |
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