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92-88 AUTHORIZING THE ISSUANCE OF $705,000 IN AGGREGATE PRINCIPAL AMOUNT OF ECONOMIC DEVELOPMENT REVENUE REFUNDING BONDS
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92-88 AUTHORIZING THE ISSUANCE OF $705,000 IN AGGREGATE PRINCIPAL AMOUNT OF ECONOMIC DEVELOPMENT REVENUE REFUNDING BONDS
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8/16/2016 4:22:35 PM
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8/16/2016 4:22:34 PM
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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
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. <br /> .. � <br /> such employees, accountants or other agents of <br /> the Trustee as the Trustee may from time to time <br /> designate. <br /> (f) Maintenance of Agreement. The Issuer shall do <br /> all things and take all actions on its part <br /> necessary to comply with the obligations, duties <br /> and responsibilities on the part of the Issuer <br /> under the Agreement, and will take all actions <br /> within its authority to maintain the Agreement in <br /> effect in accordance with the terms thereof and <br /> to enforce and protect the rights of the Issuer <br /> thereunder, including actions at law and in <br /> equity, as may be appropriate. <br /> (g) List of Bondholders . The Issuer shall arrange to <br /> have kept on file by the Trustee at its corporate <br /> trust office a list of names and addresses of <br /> Bondholders . Neither the Issuer nor the Trustee <br /> shall be under any responsibility with regard to <br /> the accuracy of such list. At reasonable times <br /> and under reasonable regulations established by <br /> the Trustee, such list may be inspected and <br /> copied by the Borrower, or by the holders (or a <br /> designated representative thereof) of twenty-five <br /> percent or more in principal amount of Series <br /> 1992 Bonds then outstanding, such holding and the <br /> authority of any such designated representative <br /> to be evidenced to the satisfaction of the <br /> Trustee. <br /> (h) Rights under Agreement. The Trustee, in its name <br /> or in the name of the Issuer, may, for and on <br /> behalf of the Bondholders, enforce all rights of <br /> the Issuer and all obligations of the Borrower <br /> under and pursuant to the Agreement, whether or <br /> not the Issuer is in default of the pursuit or <br /> enforcement of such rights and obligations. <br /> (i) Arbitrage Provisions. The Issuer has restricted, <br /> pursuant to the Taz Regulatory Agreement, the use <br /> of the proceeds of the Series 1992 Bonds in such <br /> manner and to such egtent, if any, as may be <br /> necessary, after taking into account reasonable <br /> expectations at the time the Series 1992 Bonds <br /> are delivered to the Original Purchaser, so that <br /> they will not constitute arbitrage bonds under <br /> Sections 103(b) (2) and 148 of the Code and the <br /> applicable regulations prescribed under that <br /> section. The Fiscal Officer or any other officer <br /> - 16 - <br />
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