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2004-21 PROVIDING FOR ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS, SERIES 2004B
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2004-21 PROVIDING FOR ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS, SERIES 2004B
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Last modified
1/27/2016 3:32:24 PM
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1/27/2016 3:32:20 PM
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Resolution/Ordinance
Res Ord Num
2004-21
Res Ord Title
PROVIDING FOR THE ISSUANCE OF $29,070,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2004B, AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS
Approved Date
3/15/2004
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� � , � <br /> M[31/a <br /> 7. The supplier should have no right to substitute the original escrow securities. The <br /> supplier may substitute securities previously delivered by the supplier under the forward <br /> supply contract only if: <br /> a. The substituted securities mature on a date that is later than the previously delivered <br /> securities would have matured; and <br /> b. The substituted securities mature prior to the date needed to pay principal and/or <br /> interest on the bonds. <br /> 8. Two days before each delivery date for the forward supply securities, the escrow agent <br /> must notify the Insurer in writing of the securities to be delivered,the maturity amount of <br /> the securities and the maturity date. <br /> 9. The forward supply contract cannot be amended or modified without the Insurer's written <br /> consent. <br />
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