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91-32 AUTHORIZING THE EXECUTION AND DELIVERY OF A MEMORANDUM OF AGREEMENT, AN OFFICIAL STATEMENT AND A BOND PURCHASE AGREEMENT PERTAINING TO THE ISSUANCE OF THE HOSPITAL FACILITY REVENUE REFUNDING BONDS, SERIES 1991A
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91-32 AUTHORIZING THE EXECUTION AND DELIVERY OF A MEMORANDUM OF AGREEMENT, AN OFFICIAL STATEMENT AND A BOND PURCHASE AGREEMENT PERTAINING TO THE ISSUANCE OF THE HOSPITAL FACILITY REVENUE REFUNDING BONDS, SERIES 1991A
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Last modified
8/22/2016 3:33:08 PM
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8/22/2016 3:33:07 PM
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Resolution/Ordinance
Res Ord Num
91-32
Res Ord Title
AUTHORIZING THE EXECUTION AND DELIVERY OF A MEMORANDUM OF AGREEMENT, AN OFFICIAL STATEMENT AND A BOND PURCHASE AGREEMENT PERTAINING TO THE ISSUANCE OF THE HOSPITAL FACILITY REVENUE REFUNDING BONDS, SERIES 1991A...AND SERIES 1991B...
Approved Date
5/20/1991
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, � � , <br /> the form beFore this meeeing and hereby approved, ar with such <br /> chan4es therein as shall be approved by the Mayor and City Clerk, <br /> with such execution to constitute conclusive evidence of their <br /> approval and the approval of the Council to any such change�; <br /> provided, however , that the Bonds shall be issued in an aggre�ate <br /> principal amount nat exceeding $40,000 ,040 , shall bear interest <br /> ati stated rates not exceeding 8. 50� per annum, shall be sold to <br /> the Underwriter at purchase prices, excluding any original issue <br /> discount , not less than 98� oP the aggregate principal amoun� <br /> thereof , pl.us accrued interest, if any, thereon, and shall have a <br /> tinal maturity not later than October 1, 2021 ; provided further, <br /> that khe total compensation paid to the Underwri.ter in connection <br /> with the sale of the Bonds, including any underwriting discount, <br /> shall not exceed an amaunt equal to 2 . 00� of th� aggregate Face <br /> amount of the Bonds. From and aftier the execution and delivery <br /> of the Hond Purchase Agreement, the officials, ag�nts and <br /> emplayees oF the Municipality are hereby authorized, empowered <br /> and directed ko do all such acts and things necessary to carry <br /> out and camply with the provisions o� the Bond Purchase <br /> Agreement. <br /> Sec�i.on 5. That from and aEter the executian and <br /> delivery of said documenta, the proper officials, ag�nts and <br /> employees of the Municipality are hereby authorized, empowered <br /> and directed to do all such acts and things and to execu�e all <br /> such documents as may be necessary to carry out and comply with <br /> --6- <br />
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