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2006-94 PROVIDING FOR THE ISSUANCE OF TAXABLE GENERAL OBLIGATION LINE OF CREDIT NOTE
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2006-94 PROVIDING FOR THE ISSUANCE OF TAXABLE GENERAL OBLIGATION LINE OF CREDIT NOTE
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Last modified
10/19/2015 3:23:32 PM
Creation date
10/19/2015 3:23:26 PM
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Resolution/Ordinance
Res Ord Num
2006-94
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED A $4,500,000 TAXABLE GENERAL OBLIGATION LINE OF CREDIT NOTE
Approved Date
10/2/2006
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, � <br /> "Note Order" means the 2006 Note Order and Notification of Sale to be executed <br /> by the Director of Financial Management and setting forlth certain details of the I <br /> Agreement and the Note as hereinafter provided. II <br /> "Note Register" means the books of the City kept Iby the Note Registrar to '� <br /> evidence the registration and transfer of the Note. I <br /> "Note Registrar" means the institution or person so de�ignated and defined in the � <br /> Note Order, or successors or assigns. I� <br /> "Ordinance" means this Ordinance as originally intro�iuced and adopted and as '' <br /> the same may from time to time be amencied or supplement@d in accordance with the <br /> terms hereof. <br /> "Paying Agent" means the institution, having fiduc�ary power, ar person so <br /> designated and defined in the Note Order, or successors or assigtns. <br /> "Project Fund" means the Project Fund as established nd defined in Section 7 of <br /> this Ordinance. � <br /> "Project" means the Project as described and defined a such in the preambles to <br /> this Ordinance. <br /> "Purchase Price" means the price paid to the City by t e Purchaser for the Note, <br /> namely, the par amount of any Advance for Value. <br /> "Purchaser" means National City Bank, Decatur, Illi ois, the purchaser of the <br /> Note as so identified in the Note Order. <br /> "Regular Record Date" means the fifteenth day before any interest payment date <br /> on the Note or such other date as may be provided in the Note Order. <br /> -4- <br />
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