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ill <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8' <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />amount, the Authority is hereby authorized to issue additional principal amounts <br />of its Refunding Bonds if and to the extent required to complete the financing <br />of costs of construction and acquisition of the Authority's rights and interest <br />in the Mead -Phoenix Project. The proceeds from the sale of Refunding Bonds <br />hereby authorized are to be used for the purpose of redeeming or retiring the. <br />Acquisition Bonds, Refunding Bonds or other indebtedness theretofore issued with <br />respect the Mead -Phoenix Project. The Bonds hereby authorized, and premium and <br />interest thereon, are to be payable from, and secured by, funds held in trust for <br />the benefit of the holders of the Refunding Bonds and from revenues of the <br />Authority with respect to the Mead -Phoenix Project, including payments received <br />by the Authority from the Mead -Phoenix Project Participants under the Mead - <br />Phoenix Project Transmission Service Contracts. <br />3. The issuance and sale by the Authority, from time to time, in <br />one or more installments, of its Acquisition Bonds (including the transfer, from , <br />time to time or in one or more installments, of funds from the multiple project <br />proceeds account to a project account or accounts with respect to the Mead- <br />Adelanto Project in accordance with the Indenture of Trust for the 1989 Multiple <br />Project Revenue Bonds), in a maximum aggregate principal amount of $350,000,000 !, <br />for the financing of costs of construction amount of $350,000,000 for the <br />financing of costs for construction and acquisition of the Authority's rights and <br />interest in the Mead-Adelanto Project is hereby authorized. Notwithstanding such <br />maximum aggregate principal amount, the Authority is hereby authorized to issue <br />additional principal amounts of its Acquisition Bonds (and to transfer additional <br />amounts of 1989 Multiple Project Bonds proceeds) if and to the extent required <br />to complete the financing of costs of construction and acquisition of the <br />Authority's rights and interest in the Mead-Adelanto Project. The proceeds from <br />2 <br />