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6095 PROVIDING FOR THE ACQUISITION BY THE CITY OF AN INDUSTRIAL PROJECT WITHIN THE CITY (DEBRON PROJECT)
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6095 PROVIDING FOR THE ACQUISITION BY THE CITY OF AN INDUSTRIAL PROJECT WITHIN THE CITY (DEBRON PROJECT)
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10/10/2016 4:33:12 PM
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10/10/2016 4:33:11 PM
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Resolution/Ordinance
Res Ord Num
6095
Res Ord Title
PROVIDING FOR THE ACQUISITION BY THE CITY OF AN INDUSTRIAL PROJECT WITHIN THE CITY AND THE LEASING OF THE SAME TO AN INDUSTRIAL CONCERN ... $1,000,000 PRINCIPAL AMOUNT OF INDUSTRIAL PROJECT REVENUE BONDS (DEBRON PROJECT)
Approved Date
6/23/1975
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8 <br /> The Mayor is hereby authorized and dixected to execute, acknow- <br /> ledge and deliver the Lease Agreement for and on behalf of the City, <br /> and the City Clerk is hereby authorized and directed to aPfix the <br /> seal of the City thereto and attest the same. The Mayor and City <br /> Clerk are further authorized and directed to deliver to the Trustee <br /> an appropriate assignment and pledge of the rights of the City under <br /> and pursuant to the Lease Agreement, including the income, rentals, <br /> revenues, receipts and other amounts receivable by the City thereunder. <br /> Section 11. To provide for the details of and to secure the bonds <br /> and to prescribe the terms and canditions upon which the bonds are to <br /> be secured, executed, authenticated, accepted and held, the Mayor is <br /> hereb authoriz d <br /> y e and directed to execute a trust indenture by and be- <br /> tween the City and The Citizens National Bank of Decatur, as Trustee, <br /> and the City Clerk is hereby authorized and directed to affix the cor- <br /> p orate seal of the City thereto and to attest the same; and said Mayor <br /> and City Clerk are heYeby authorized and directed to cause said inden- <br /> ture to be delivered to, accepted, executed and acknowledged by the , <br /> Trustee, said Indentute, v�iich constitutes and is hereby incorporated I <br /> by reference and made a part of this authorizing ordinance, to be in <br /> substantially the form attached hereto as Exhibit B. <br />
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