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87-137 PROVIDING FOR THE ISSUANCE OF CORPORATE PURPOSE BONDS, SERIES 1987
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87-137 PROVIDING FOR THE ISSUANCE OF CORPORATE PURPOSE BONDS, SERIES 1987
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8/25/2016 3:27:36 PM
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Resolution/Ordinance
Res Ord Num
87-137
Res Ord Title
PROVIDING FOR THE ISSUANCE OF $2,000,000 CORPORATE PURPOSE BONDS, SERIES 1987, OF THE CITY OF DECATUR...AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS
Approved Date
12/7/1987
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the Bonds not to be Tax-exempt. In furtherance of the foregoing <br /> provisions, but without limiting their generality, the City <br /> agrees: (a) through its officers, to make such further specific <br /> covenants, representations as shall be truthful, and assurances <br /> as may be necessary or advisable; (b) to comply with all repre- <br /> sentations, covenants and assurances contained in certificates or <br /> agreements as may be prepared by counsel approving the Bonds; (c) <br /> to consult with such counsel and to comply with such advice as <br /> may be given; (d) to pay to the United States, �s necessary, such <br /> sums of money representing required rebates of excess arbitrage <br /> profits relating to the Bonds; (e) to file such forms, statements <br /> and supporting documents as may be required and in a timely man- <br /> ner; and (f) if deemed necessary or advisable by its officers, to <br /> employ and pay fiscal agents, financial advisors, attorneys and <br /> other persons to assist the City in such compliance. <br /> Section 16. Registered Form <br /> The City recognizes that Section 149 of the Code re- <br /> quires the Bonds to be issued and to remain in fully registered <br /> form in order to be and remain Tax-exempt. In this connection, <br /> the City agrees that it will not take any action to permit the <br /> Bonds to be issued in, or converted into, bearer or coupon form. <br /> Section 17. Opinion of Counsel Exception <br /> The City reserves the right to use or invest moneys in <br /> connection with the Bonds in any manner, notwithstanding the <br /> representations and covenants in Sections 12 through 16 herein, <br /> -27- <br />
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