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05-22-2017 Packet
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05-22-2017 Packet
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5/18/2017 3:17:10 PM
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Section 2.5. Authentication. No Series 2017 Bond shall be valid or obligatory for any <br /> purpose or entitled to any security or benefit under this Indenture unless and until the certificate <br /> of authentication on such Series 2017 Bond substantially in the form hereinabove set forth shall <br /> have been duly executed by the Trustee, and such executed certificate of the Trustee upon any <br /> such Bond shall be conclusive evidence that such Series 2017 Bond has been authenticated and <br /> delivered under this Indenture. The Trustee's certificate of authentication on any Series 2017 <br /> Bond shall be deemed to have been executed by it if signed by an authorized officer of the <br /> Trustee, but it shall not be necessary that the same officer sign the certificate of authentication on <br /> all of the Series 2017 Bonds issued hereunder. <br /> Section 2.6. Form of Bonds. The Bonds issued under this Indenture shall be <br /> substantially in the form hereinabove set forth with such appropriate variations, omissions and <br /> insertions as are permitted or required by this Indenture or deemed necessary by the Trustee. <br /> Section 2.7. Delivery of Series 2017 Bonds. Upon the execution and delivery of this <br /> Indenture, the Issuer shall execute and deliver to the Trustee the Series 2017 Bonds in the <br /> aggregate principal amount of $3,500,000. The Trustee shall authenticate such Bonds and <br /> deliver them to the purchasers thereof upon receipt o£ <br /> (i) A copy, duly certified by the Clerk of the Issuer, of the ordinance adopted <br /> and approved by the Issuer authorizing the execution and delivery of the <br /> Financing Agreement and this Indenture and the issuance of the Series <br /> 2017 Bonds. <br /> (ii) A copy, duly certified by the Secretary of the Redevelopment <br /> Commission, of the resolution adopted and approved by the <br /> Redevelopment Commission pledging the TIF Revenues to the payment of <br /> the Series 2017 Bonds. <br /> (iii) Executed counterparts of the Financing Agreement and Indenture. <br /> (iv) A written request of the Issuer to the Trustee requesting the Trustee to <br /> authenticate, or cause to be authenticated, and deliver the Series 2017 <br /> Bonds in the principal amount of$3,500,000,to the purchasers.thereof. <br /> (v) Such other documents as shall be required by the bond counsel. <br /> The proceeds of the Series 2017 Bonds shall be paid over to the Trustee and deposited to <br /> the credit of various Funds as hereinafter provided under Section 3.1 hereof. <br /> Section 2.8. Issuance of Additional Bonds. One or more series of Bonds in addition to <br /> the Series 2017 Bonds ("Additional Bonds"), may be authenticated and delivered from time to <br /> time for one or more of the purposes of (i) refunding entirely one or more series of Bonds <br /> outstanding hereunder, if such Bonds may otherwise be refunded, (ii) advance refunding entirely <br /> one or more series of Bonds outstanding hereunder, regardless of whether such Bonds may <br /> otherwise be refunded, if the same is then permitted by law by depositing with the Trustee, in <br /> trust for the sole benefit of such series of Bonds, cash or investments (but only to the extent that <br /> the full faith and credit of the United States of America are pledged to the timely payment <br /> - 16 - <br /> 1\1 1860514.2 <br />
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