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88-41 AUTHORIZING THE ISSUANCE OF HEALTH CARE FACILITY REVENUE BONDS, SERIES 1988
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88-41 AUTHORIZING THE ISSUANCE OF HEALTH CARE FACILITY REVENUE BONDS, SERIES 1988
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Last modified
8/25/2016 1:38:59 PM
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8/25/2016 1:38:58 PM
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Resolution/Ordinance
Res Ord Num
88-41
Res Ord Title
AUTHORIZING THE ISSUANCE OF $7,365,000 HEALTH CARE FACILITY REVENUE BONDS, SERIES 1988...
Approved Date
5/16/1988
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( 3) A Tax Exemption Certificate and Agreement <br /> dated May 25, 1988, between the Municipality and the <br /> Corporation (the "Tax Exemption Agreement" ) , providing <br /> for the establishment under certain circumstances of a <br /> fund to provide for the rebate of certain investment <br /> earnings on the Bonds to the United States Government; <br /> ( 4) A Guaranty Agreement dated as of April 1, <br /> 1988 between Decatur Memorial Hospital (the "Hospital" ) <br /> and the Trustee ( the "Guaranty Agreement" ) pursuant to <br /> which the Hospital will guarantee the payment of the <br /> principal of, premium, if any, and interest on the <br /> Bonds; and <br /> ( 5) A First Supplemental Master Trust Indenture <br /> dated as of April 1, 1988 ( the "Supplemental <br /> Indenture" ) between the Hospital and The Citizens <br /> National Bank of Decatur, as trustee, amending a Master <br /> Trust Indenture dated as of October 1, 1983 and <br /> providing �or the issuance thereunder of a $7,365,000 <br /> Direct Obligation Note, Series 1988 ( the "Master <br /> Note" ) ; and <br /> WHF:RF.AS� as security for the loan of the proceeds of <br /> the Bonds, the Corporation will issue to the Municipality its <br /> $7, 365 ,000 Direct Obligation Note, Series 1988 ( the "Note" ) and <br /> as security for its obligations under the Guaranty Agreement the <br /> Hospital will issue to the Trustee the Master Note; and <br /> -4- <br />
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