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2014-33 AUTHORIZING PARTIAL REISSUANCE AND CURRENT REFUNDING OF A PORTION OF HOSPITAL FACILITY REVENUE BONDS, SERIES 2010
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2014-33 AUTHORIZING PARTIAL REISSUANCE AND CURRENT REFUNDING OF A PORTION OF HOSPITAL FACILITY REVENUE BONDS, SERIES 2010
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8/3/2015 11:46:09 AM
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8/3/2015 11:46:01 AM
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Resolution/Ordinance
Res Ord Num
2014-33
Res Ord Title
AUTHORIZING THE PARTIAL REISSUANCE AND CURRENT REFUNDING OF A PORTION OF HOSPITAL FACILITY REVENUE BONDS, SERIES 2010
Department
Finance
Approved Date
7/21/2014
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The Bonds are all issued under and equally and ratably secured by and entitled to the <br /> security of a Bond Trust Indenture dated as of December 1, 2010, as supplemented by the First <br /> Supplemental Bond Trust Indenture dated January 25, 2012 and the Second Supplemental Bond <br /> Trust Indenture dated July 24, 2014 (collectively, the "Bond Indenture") between the City and <br /> the Bond Trustee, pursuant to which Bond Indenture the Series 2010 Oblig ion is pledged and <br /> assigned and all of the right, title and interest of the City in and to the Loan Agreement <br /> (excluding Unassigned Rights, as defined in the Bond Indenture) are assigned by the City to the <br /> Bond Trustee as security for the Bonds. In addition, a portion of the Bons may be advance <br /> refunded through a deposit in escrow for the benefit of such refunded Bonds 6f cash, noncallable <br /> U.S. Government Obligations (as defined in the Bond Indenture) or both. Psuant to the terms <br /> and conditions contained in the Master Indenture, any Member may alsincur Additional <br /> Indebtedness and issue Obligations (as such terms are defined in the Master Indenture) to the <br /> City or to parties other than the City which will not be pledged under the �ond Indenture, but <br /> which may be equally and ratably secured with the Series 2010 Obligation , in the case of an <br /> Obligation, or which, in either case, may be entitled to Liens upon the Propeof the Obligated <br /> Group (as such terms are defined in the Master Indenture) or other security in addition to any <br /> Liens or other security which secures all Obligations. Reference is made to the Bond Indenture <br /> and to all indentures supplemental thereto, to the Master Indenture and to all indentures <br /> supplemental thereto, and to the Loan Agreement and to all amendme is thereto for the <br /> provisions, among others, with respect to the nature and extent of the securi , the rights, duties <br /> and obligations of the City, the Bond Trustee and the Master Trustee, the rights of the owners of <br /> the Bonds, Additional Indebtedness and Obligations and the terms on which'they are or may be <br /> issued and secured, and to all the provisions of which the owner hereof by the acceptance of this <br /> Bond assents. <br /> This Bond and such other Bonds of the series of which it forms a part)do not constitute a <br /> pledge of the faith and credit of the City, but shall be payable solely from the funds pledged <br /> therefor in accordance with the Bond Indenture. The issuance of the Bondsder the provisions <br /> of the Act does not directly, indirectly or contingently obligate the City tlevy any form of <br /> taxation for the payment thereof or to make any appropriation for their paymetit. <br /> This Bond and such other Bonds of the series of which it forms a pirt, and the interest <br /> and premium, if any, payable hereon and thereon, are limited obligations of the City and are <br /> payable solely from (a) payments or prepayments on the Series 2010 Obligations, (b) payments <br /> or prepayments to be made under the Loan Agreement (other than Unassigned Rights), <br /> (c) moneys and investments held by the Bond Trustee under, and to the extnt provided in, the <br /> Bond Indenture and (d) in certain circumstances, proceeds from cert in insurance and <br /> condemnation awards or proceeds from sales consummated under threat of co demnation. <br /> This Bond is registered on the Bond Register and may be transferred by the registered <br /> owner hereof at the written request of such registered owner in person or by is duly authorized <br /> attorney, but only in the manner, subject to the limitations and upon the payment of the charges <br /> provided in the Bond Indenture and upon surrender and cancellation of this Bond. Upon such <br /> transfer, a new fully registered bond or bonds, without coupons, of the same 3eries and maturity <br /> and of authorized denominations for the same aggregate principal amount, sh Il be issued to the <br /> transferee in exchange therefor. Any Series 2010 Bond may be exchanged fpr a like aggregate <br /> principal amount of Bonds of the same series. The City and the Bond Trustee may deem and <br /> 16 <br />
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