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7 <br />3. Amounts held in sinking funds or <br />otherwise for the payment of any part of the <br />principal of gross debt, other than debt incurred <br />for water, gas, electric light or power purposes or <br />sanitary sewer purposes (to the extent deductible <br />under Section 159 -55(b) of the General Statutes), <br />or two or more of these purposes. <br />4. Bonded debt included in gross debt <br />and incurred, or to be incurred, for water, gas or <br />electric light or power purposes, or any two or <br />more of such purposes. <br />5. Bonded debt included in gross debt <br />and incurred, or to be incurred, for sanitary sewer <br />purposes (to the extent deductible under Section <br />159 -55(b) of the General Statutes), <br />6. Uncollected special assessments <br />levied for local improvements for which any part <br />of gross debt (that is not otherwise deducted) was <br />or is to be incurred, to the extent that the special <br />assessments will be applied, when collected, to <br />the payment of any part of the gross debt. <br />7. Estimate of special assessments to be <br />levied for local improvements for which any part <br />of gross debt (that is not otherwise deducted) was <br />or is to. be incurred, to the extent that the special <br />assessments will be applied, when collected, to <br />the payment of any part of the gross debt. <br />Total deductions (Sum of 1 through 7) $ 35,000,000 <br />C. Net Debt, being the difference between <br />Total Gross Debt (A) and Total Deductions $ 190.187,606 <br />(B)• <br />92973v1 <br />