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91-47 AUTHORIZING THE ISSUANCE OF $9,950,000 HOSPITAL FACILITY REVENUE REFUNDING BONDS, SERIES 1991A...
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91-47 AUTHORIZING THE ISSUANCE OF $9,950,000 HOSPITAL FACILITY REVENUE REFUNDING BONDS, SERIES 1991A...
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8/22/2016 3:01:28 PM
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8/22/2016 3:01:27 PM
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Resolution/Ordinance
Res Ord Num
91-47
Res Ord Title
AUTHORIZING THE ISSUANCE OF $9,950,000 HOSPITAL FACILITY REVENUE REFUNDING BONDS, SERIES 1991A... AND $30,050,000 HOSPITAL FACILITY REVENUE BONDS, SERIES 1991B...
Approved Date
6/17/1991
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� . , <br /> $9,846 , 312.15 ( reflecting underwriter ' s discount of $106,962. 50 <br /> and a net premium of $3, 274 .65) plus accrued interest, and ( ii ) <br /> the Series 1991B Bonds in an aggregate principal amount of <br /> $30,050,000 at a purchase price of $29,736, 206 . 60 ( reflecting <br /> underwriter ' s discount of $323 , 037. 50 and a net premium of <br /> $9, 244 . 10 ) plus accrued interest, the Bonds to bear interest at <br /> the rates and to mature in the amounts and on the dates set forth <br /> in Exhibit A hereto; and <br /> WHEREAS, in connection with the execution of the Bond <br /> Purchase Agreement, the Mayor executed on behalf of the <br /> Municipality the Official Statement dated June 7, 1991 ( the <br /> "Official Statement" ) ; <br /> WHEREAS, in order to provide for the issuance of the <br /> Bonds it is necessary for the Municipality to authorize the <br /> execution of or approve the following described documents in <br /> substantially the forms now before this meeting : <br /> (1) A Loan Agreement dated as of June 1 , 1991 <br /> ( the "Loan Agreement" ) between the Municipality and the <br /> Corporation pursuant to which the Municipality will <br /> loan the proceeds of the Bonds to the Corporation; <br /> ( 2) A Bond Trust Indenture dated as of June 1, <br /> 1991 ( the "Bond Indenture" ) between the Municipality <br /> and The First National Bank of Decatur, as bond trustee <br /> ( the "Bond Trustee" ) , pursuant to which the <br /> Municipality will issue the Bonds; <br /> -4- <br />
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