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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 $4,500,000 TAXABLE GENERAL OBLIGATION LINE OF CREDIT NOTE
Approved Date
10/2/2006
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Subject to the provisions of the Agreement, the interest on anc� all payments of principal <br /> of the Note shall be payable in lawful money of the United States of I,America, or by electronic <br /> funds transfer of lawful money of the United States of America, upon Iresentation at the office of <br /> the Note Registrar, provided, however, that so long as a financial i stitution is the registered <br /> owner of the Note, then such payments shall be made by check or dralft of the Note Registrar to <br /> the person in whose name the Note is registered as evidenced by the N�te Register at the close of <br /> business on the applicable Regular Record Date, which check or draft shall be payable in lawful <br /> money of the United States of America and mailed to the address or t�ansferred to such account <br /> of such registered owner as it appears on the Note Register or at such c�ther address or account as <br /> may be furnished in writing to the Note Registrar, and provided, furthe$�, that the final installment <br /> of principal of and interest on the Note shall be paid upon surrend�r in lawful money of the I <br /> United States of America, at the principal office maintained for the pu�-pose by the Paying Agent <br /> or its proper agent. <br /> If so provided in the Note Order, the Note may be redeemal�le or prepayable prior to <br /> maturity at the option of the City, in whole or in part on any date, upmn such terms and at such <br /> times and at a redemption or prepayment price of par plus accrued interest to the date of <br /> redemption or prepayment, as determined by the Director of Financial II✓Ianagement at the time of <br /> the sale thereo£ ; <br /> The Note shall be substantially in the form attached to the Agre ment and as approved by <br /> the Director of Financial Management, his execution thereof to const tute approval of all terms <br /> set forth therein by the Council, and shall have impressed or imprinted thereon the corporate seal <br /> or facsimile thereof of the City and shall be signed by the manual or�duly authorized facsimile <br /> signatures of the Director of Financial Management and City Clerk, as'�they shall determine, and <br /> in case any officer whose signature shall appear on the Note shall ceas� to be such officer before <br /> -7- <br />
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