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2008-29 PROVIDING FOR ISSUANCE OF GENERAL OBLIGATION NOTE
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2008-29 PROVIDING FOR ISSUANCE OF GENERAL OBLIGATION NOTE
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Last modified
10/16/2015 4:21:19 PM
Creation date
10/16/2015 4:21:17 PM
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Resolution/Ordinance
Res Ord Num
2008-29
Res Ord Title
PROVIDING FOR THE ISSUANCE OF A NOT TO EXCEED $1,500,000 GENERAL OBLIGATION NOTE (OLDE TOWNE REDEVELOPMENT PROJECT), SERIES 2008
Department
Finance
Approved Date
5/5/2008
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, t '� <br /> Section 20. Change in Law. If there is a change in the Code or the regulations <br /> promulgated thereunder or in a final decree, judgment or order of a y court or administrative <br /> body (whether state or Federal) (other than an Event of Taxability) hich takes effect after the <br /> effective date of this Ordinance and which changes the effective yiel on the Note to the Bank, �i <br /> including, but not limited to, changes in federal income tax rates, th� interest rate on the Note �! <br /> shall increase accordingly to compensate for such change in the effe tive yield. The effective <br /> interest rate per annum on the Note, however, shall never be m re than the lesser of the <br /> maximum rate set forth in this Ordinance or allowed by applicable law <br /> Section 21. Publication of Ordinance. A full, true and compl te copy of this Ordinance <br /> shall be published within ten days after passage in pamphlet form by a thority of the Council. <br /> -26- <br />
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