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..JUl. UI .....VLV nnl....... u . "... J.WI..' , W"" , ... .....". , . . any sinking funds, or similar funds, and any reasonable required reserves for contingent use in paying securities), As used in this paragraph, combined maximum principal and interest requirements includes any required deposits from Gross Income and General Taxes into a sinking or similar fund to be accumulated on a long-Ierm basis used to pay the principal of or interest on the Bonds and any Series 1987 A Bond or Parity Bonds outstanding or proposed to be issued, but excludes principal or interest to be paid from such sinl<ing or such similar fund (bul only to Ihe extenl such principal or interest is scheduled to be paid from such a fund) if deposils iDlo such sinking or such similar fund are taken into account in computing trn\l{imurn annual principal and interest requirements, and also excludes any required payments into a reasonably required reserve for contingent use in paying securities (for instance, the Series 1993 Bonds Reserve Fund). (iii) In determining whether or not Parity Bonds may be issued under the fonnulas in paragrapll (ii), there may be added to the amount determined to be sucll Net Revenues the amount estimated to equal the difference belween the actual Net Revenues received during the Fiscal Year of the earnings test and the Nct Revenues which the District would have received during said Fiscal Year if there had been available or in operation during said Fiscal Year the facilities to be acquired with the proceeds of such proposed Parity Bonds. Sucll estimate sl1all be made by a qualified regislered or licensed professional engineer or firm of engineers experienced in evaluating water storage and distribution facilities and in making projections as to their feasibility, and shall be conclusively presumed to be accurate for such purpose. There also may be added to the amount delermined to be the. General Tax proceeds collected the amount of any anticipated increase iIi General Tax proceeds collecled during the Fiscal Year succeeding the Fiscal Year in which the proposed l'arily Bonds are to be issued; provided however, that the total amount of General Tax proceeds taken into consideralion, as so adjusted, shall not exceed the amount generated by applying Ihe maximum mill levy permitted by law at the time of such adjustment to the then most recent assessed valuation of Ihe taxable property in the District A certificate by. the Board shall be conclusively presumed to be accurate in making the adjustment provided in the previous sentence, (iv) A written certification by an independent accountant (as defined in the Series 1993 Bond Resolution) thai the Net Revenues and proceeds from General Taxe5 collected, wilh adjustments, if any, pursuant to paragraph (ii) hereof. are sufficient to pay said amounts, sl1all be conclusively presumed 10 be accurate in detennining the right of the Districl to authorize, issue, sell and deliver the Parity Bonds. The independent accounrant may state in the certification, in effecl, Ihat he is not responsible for any such adjustment figures induded therein. (v) The Bonds, the Series 1987 A Bond and any Parity Bonds hereafter authorized and from time to time outstanding shall not be entitled to any priority nne over the other in the application of the Net Revenues regardless of ihe time or times of their issuance, it being the intention of the Board that there shall be no priority among the Bonds, the . ~o