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77-33 SETTING FORTH THE DETERMINATION OF THE COUNCIL THAT IT IS IN THE PUBLIC INTEREST TO ASSIST HOSPITALS SERVING RESIDENTS IN FINANCING HOSPITAL FACILITIES
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77-33 SETTING FORTH THE DETERMINATION OF THE COUNCIL THAT IT IS IN THE PUBLIC INTEREST TO ASSIST HOSPITALS SERVING RESIDENTS IN FINANCING HOSPITAL FACILITIES
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Last modified
10/7/2016 8:19:31 AM
Creation date
10/7/2016 8:19:30 AM
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Resolution/Ordinance
Res Ord Num
77-33
Res Ord Title
SETTING FORTH THE DETERMINIATION OF THE COUNCIL ...THAT IT IS IN THE PUBLIC INTEREST TO ASSIST HOSPITALS SERVIING RESIDENTS OF THE CITY IN FINANCING HOSPITAL FACILITIES
Approved Date
4/4/1977
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' ' . <br /> fully paid, or until provision for payment shall have been made <br /> as provided in the Bond Ordinance, and the duties of the City and <br /> its corporate authorities and officers under this ordinance and <br /> any Bond Ordinance and any such mortgage or indenture of trust shall <br /> be enforceable by mandamus , foreclosure of any such mortgage or <br /> indenture of trust or other appropriate suit , action or proceedings <br /> in any court of competent jurisdiction, in the manner and subject <br /> to the terms of such Bond Ordinance, mortgaoe or indenture of trust . <br /> Section 8. Si�natures of Officers on Bonds - Validity <br /> of Bonds . The bonds shall bear the signatures of such officers of <br /> the City as may be designated in the Bond Ordinance and such sig- <br /> natures shall be the valid and binding signatures of such officers , <br /> notwithstanding that before the delivery thereof and payment therefor <br /> any or all of the persons whose signatures appear thereon have ceased <br /> to be officers of the City. The validity of the bonds is not <br /> depender.t on nor affected by the validity or regularity of any <br /> proceedings relating to the acquisition, purchase , construction, <br /> reconstruction, improvement , equipping, betterment , or extension of <br /> the Hospital Facility for which the bonds are issued. The Bond <br /> Ordinance may provide that the bonds shall contain a recital that they <br /> are issued pursuant to this ordinance, which recital shall be con- <br /> clusive evidence of their validity and of the regularity of their <br /> issuance . <br /> Section 9 . Lien of Bonds . All bonds issued under this <br /> ordinance have a lien upon the revenues and receipts derived from <br /> _7_ I <br />
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