Laserfiche WebLink
the Municipality is authorized to issue Health Care Facility <br /> Revenue Bonds for the purpose of financing in whole or in part <br /> the cost of the acquisition, purchase, construction, <br /> reconstruction, improvement, equipping, betterment or extension <br /> of health care facilities; and <br /> WHEREAS, DMH Community Services Corporation ( the <br /> "Corporation" ) has requested that the Municipality provide a <br /> portion of the funds necessary to refinance certain taxable <br /> indebtedness incurred by the Corporation to acquire certain <br /> health care facilities ( including a portion of the interest <br /> thereon) , to pay a premium with respect to the Bond Insurance <br /> Policy (as hereinafter described) , to pay the cost of a line of <br /> credit to be deposited with the hereinafter defined Trustee and <br /> to pay related expenses, and the Municipality is willing to issue <br /> its Health Care Facility Revenue Bonds to pay such costs; and <br /> WFIF.RFAS� in order to provide funds for the foregoing <br /> purposes, it is necessary and in the interest of the Municipality <br /> to authorize the issuance of $7,365,000 Health Care Facility <br /> Revenue Bonds, Series 1988 (DMH Community Services Corporation) <br /> (the "Bonds" ) pursuant to the Enabling Ordinance, and the same is <br /> a matter pertaining to the government and affairs of the <br /> Municipality; and <br /> WHEREAS, the Municipality and Smith Barney, Harris <br /> Upham & Co. Incorporated ( the "Underwriter" ) have entered into a <br /> Purchase Contract dated May 4, 1988 ( the "Purchase Contract" ) , <br /> -2- <br />