My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
92-88 AUTHORIZING THE ISSUANCE OF $705,000 IN AGGREGATE PRINCIPAL AMOUNT OF ECONOMIC DEVELOPMENT REVENUE REFUNDING BONDS
COD
>
City Clerk
>
ORDINANCES
>
1992
>
92-88 AUTHORIZING THE ISSUANCE OF $705,000 IN AGGREGATE PRINCIPAL AMOUNT OF ECONOMIC DEVELOPMENT REVENUE REFUNDING BONDS
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/16/2016 4:22:35 PM
Creation date
8/16/2016 4:22:34 PM
Metadata
Fields
Template:
Resolution/Ordinance
Res Ord Num
92-88
Res Ord Title
AUTHORIZING THE ISSUANCE OF $705,000 IN AGGREGATE PRINCIPAL AMOUNT OF ECONOMIC DEVELOPMENT REVENUE REFUNDING BONDS SERIES 1992...
Approved Date
10/19/1992
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
21
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
All payments of Bond Service Charges shall be made in <br /> lawful money of the United States of America, without deduction <br /> for services as paying agent. Upon acceleration of the Series <br /> 1992 Bonds, the amounts payable upon such acceleration, <br /> together with interest thereon, shall continue as an obligation <br /> of the Issuer until paid. Moneys received by the Trustee as <br /> interest shall be paid by the Trustee to the persons holding or <br /> formerly holding Series 1992 Bonds which were not paid <br /> principal, premium and/or interest at the time required <br /> herein. The fact and period of holding any Series 1992 Bond <br /> shall be determined as provided in Section 9 .01 of the <br /> Indenture. <br /> All Series 1992 Bonds shall be negotiable instruments, <br /> subject to applicable provisions for registration, and shall <br /> express on their faces the purpose for which they are issued <br /> and such other statements or legends as may be required by law. <br /> If Series 1992 Bonds are duly called for redemption <br /> and if on such redemption date moneys for the redemption of all <br /> the Series 1992 Bonds to be redeemed, together with accrued <br /> interest to the redemption date, shall be held by the Trustee <br /> so as to be available therefor, then from and after such <br /> redemption date such Series 1992 Bonds shall cease to bear <br /> interest. <br /> The Series 1992 Honds shall be ezecuted on behalf of <br /> the Issuer by the Ezecutive and the Fiscal Officer, provided <br /> that any or all of such signatures may be facsimiles, and the <br /> seal of the Issuer shall be impressed thereon or a facsimile of <br /> such seal placed thereon. In case any officer whose signature <br /> or a facsimile thereof shall appear on any Series 1992 Bond <br /> shall cease to be such officer before the issuance, <br /> authentication or delivery of the Series 1992 Bond, such <br /> signature or facsimile thereof shall nevertheless be valid and <br /> sufficient for all purposes, the same as if he had remained in <br /> office until after that time. <br /> Section 5. Securitv for the Series 1992 Bonds . As <br /> provided herein, the Series 1992 Bonds shall be payable solely <br /> from the Bond Fund and the Pledged Receipts and secured by a <br /> pledge of and lien on the Pledged Receipts and the Bond Fund, <br /> and shall be further secured by the Indenture. Anything in the <br /> Bond Legislation, the Indenture, the Series 1992 Bonds or any <br /> other agreement or instrument to the contrary notwithstanding, <br /> neither the Bond Legislation, the Series 1992 Bonds, the <br /> Indenture, the Loan Agreement, the Tas Regulatory Agreement nor <br /> the Bond Purchase Agreement shall represent or constitute a <br /> debt or pledge of the faith and credit or the tazing power of <br /> the Issuer, and each Series •1992 Bond shall contain on the face <br /> thereof a statement to that effect. <br /> - 11 - <br />
The URL can be used to link to this page
Your browser does not support the video tag.