Lachgar Industries develops and produces bio diesel, an alternative energy source. The company has an outstanding $200,000,000, 30-year, 12% bond issue dated July 1, 2005. The bond issue is due June 30, 2035. The bond indenture requires a bond sinking fund, which has a balance of $24,000,000 as of July 1, 2010. The company is currently experiencing a shortage of funds due to a recent acquisition. Abdou Hatch, the company’s treasurer, is considering using the funds from the bond sinking fund to cover payroll and other bills that are coming due at the end of the month. Abdou’s brother-in-law is a trustee in a sinking fund, who has indicated willingness to allow Abdou to use the funds from the sinking fund to temporarily meet the company’s cash needs. Discuss whether Abdou’s proposal is appropriate.