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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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� , � <br /> Telerate Page 3750 as of 11:00 a.m. (London, England time) o the day two (2) Business <br /> Days before the commencement of such interest period. "T lerate Page 3750" means <br /> the display designated as "Puge 3750" on the Dow Jones Tele ate Service (or such other <br /> page as may replace Page 3750 on that service or such other se vice as may be nominated <br /> by the British Bankers' Association as the information v ndor for the purpose of i <br /> displaying British Bankers' Association Interest Settleme I t Rates for U.S. Dollar <br /> deposits). <br /> "Note" means the not to exceed $1,500,000 Gener 1 Obligation Note (Olde I', <br /> Towne Redevelopment Project), Series 2008, authorized to be i sued by this Ordinance. , <br /> "Note Register" means the books of the City kept y the Note Registrar to <br /> evidence the registration and transfer of the Note. <br /> "Note Registrar" means the Bank and successors or ass'gns. <br /> "Ordinance" means this Ordinance, numbered as s t forth on th� title page <br /> hereof, and passed by the Council on the Sth day of May 2008. <br /> "Paying Agent" means the Bank and successors or assi ns. <br /> "Project" means the project as described and defined s such in the preambles to <br /> this Ordinance. <br /> "Project Fund" means the Project Fund as established and defined in Section 12 <br /> of this Ordinance. <br /> "Tax-exempt" means, with respect to the Note, the s atus of interest paid and <br /> received thereon as not includible in the gross income of the owners thereof under the <br /> Code for federal income tax purposes except to the extent that uch interest will be taken <br /> into account in computing an adjustment used in determinin the alternative minimum <br /> tax for certain corporations. <br /> -4- <br />
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