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7081 AUTHORIZING THE FINANCING OF AN ECONOMIC DEVELOPMENT PROJECT WITHIN THE MEANING OF ORDINANCE NO. 5768 (INDUSTRIAL BIO-TEST PROJECT)
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7081 AUTHORIZING THE FINANCING OF AN ECONOMIC DEVELOPMENT PROJECT WITHIN THE MEANING OF ORDINANCE NO. 5768 (INDUSTRIAL BIO-TEST PROJECT)
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10/7/2016 4:01:41 PM
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10/7/2016 4:01:39 PM
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Resolution/Ordinance
Res Ord Num
7081
Res Ord Title
AUTHORIZING THE FINANCING OF AN ECONOMIC DEVELOPMENT PROJECT WITHIN THE MEANING OF ORDINANCE NO. 5768...IN ORDER TO ENCOURAGE THE ECONOMIC DEVELOPMENT OF THE CITY (INDUSTRIAL BIO-TEST PROJECT)
Approved Date
5/17/1976
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effect from time to time for 90-day unsecured domestic loans to <br /> large commercial borrowers of the highest credit standing. The� <br /> Company may take all reasonable steps, at its expense, to contest any <br /> adverse tax determination and the Bank agrees to cooperate fully in <br /> any such step. <br /> Section 5• Concurrently with the sale and delivery by the <br /> Issuer of the Bond, the Company, pursuant to the Agreement, sha�l <br /> execute and deliver to the Issuer or its assignee its Collateral <br /> Note (the "Note" ) , which shall be payable, both principal and interest, <br /> on the da�es, in the amounts, and in the manner set out in the form of <br /> Bond contained herein. Such Note, together with the Issuer' s <br /> interest in the Agreement shall be assigned to the Purchaser by the <br /> Issuer, and the execution of such assignment is hereby authorized and <br /> directed. <br /> -7- <br />
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