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2001-08 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION LINE OF CREDIT NOTES
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2001-08 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION LINE OF CREDIT NOTES
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3/2/2016 3:12:44 PM
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Resolution/Ordinance
Res Ord Num
2001-08
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $10,000,000 GENERAL OBLIGATION LINE OF CREDIT NOTES TO PAY THE COSTS OF REDEVELOPMENT PROJECTS AND PROVIDING FOR THE SECURITY FOR AND PAYMENT OF SAID NOTES
Approved Date
3/5/2001
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. <br /> , � <br /> . � <br /> body (whether state or Federal) (other than an Event of Taxability) which takes effect after the <br /> effective date of this Ordinance and which changes the effective yield on the Note or Notes to <br /> the Bank, including, but not limited to, changes in federal income tax rates, the interest rate on <br /> the Notes or Notes shall increase accordingly to compensate for such change in the effective <br /> yield. The effective interest rate per annum on any Note, however, shall never be more than the <br /> lesser of the maximum rate set forth in this Ordinance or allowed by applicable law. <br /> Section 20. Publication of Ordinance. A full, true and complete copy of this Ordinance <br /> shall be published within ten days after passage in pamphlet form by authority of the Corporate <br /> Authorities. <br /> -21- <br />
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