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Works Revenue Bonds of 2011" (the "2011 Bonds"). Such 2011 Bonds shall be signed in the <br /> name of the City by the manual or facsimile signatures of the Mayor of the City (the "Mayor") <br /> and the Controller of the City (the "Controller") and attested by the Clerk of the City (the <br /> "Clerk"), who shall affix the seal of the City to each of the 2011 Bonds manually or shall have <br /> the seal imprinted or impressed thereon by facsimile or other means. In case any officer whose <br /> signature appears on the 2011 Bonds shall cease to be such officer before the delivery of such <br /> 2011 Bonds, such signature shall nevertheless be valid and sufficient for all purposes as if such <br /> officer had remained in office until delivery thereo£ The 2011 Bonds shall also be authenticated <br /> by the manual signature of the Registrar (as defined below). Subject to the provisions of this <br /> Ordinance regarding the registration of the 2011 Bonds, the 2011 Bonds shall be fully negotiable <br /> instruments under the laws of the State of Indiana(the "State"). <br /> Any other provisions of this Ordinance to the contraxy notwithstanding, the 2011 Bonds <br /> shall be issued on a parity with the outstanding Prior Bonds, and none of the provisions of this <br /> Ordinance shall be construed to affect the rights of the holders of the outstanding Prior Bonds. <br /> The Board shall instruct the Financial Advisor to perform any and all computations necessary to <br /> confirm the preliminary evidence and findings demonstrating compliance with the conditions set <br /> forth in the Prior Ordinances for issuance of additional revenue bonds on parity with the <br /> outstanding Prior Bonds. The City shall not issue the 2011 Bonds without first receiving a <br /> certificate from the Financial Advisor in form and substance satisfactory to the Controller <br /> regarding compliance with certain conditions set forth in the Prior Ordinances for the issuance of <br /> additional revenue bonds on parity with the outstanding Prior Bonds. <br /> The 2011 Bonds shall be on a parity with the Prior Bonds, and shall be sold at a price not <br /> less than 99% of the par value thereof, shall be issued in fully registered form in denominations <br /> of Five Thousand Dollars ($5,000) or any integral multiple thereof, shall be numbered <br /> consecutively from R-1 up, shall be originally dated as of the first day of the month in which the <br /> 2011 Bonds are sold or as otherwise determined by the Controller, and shall bear interest at a rate <br /> or rates not exceeding eight percent (8.0 %) per annum (the exact rate or rates to be determined <br /> pursuant to Section 8 hereo fl payable on the first (1 st) day of June and December in each year, <br /> following the original date of the 2011 Bonds as determined by the Controller, with the advice of <br /> the Financial Advisor and as set forth in the notice of intent to sell bonds or notice of bond sale <br /> pursuant to in Section 8 herein. Interest shall be calculated on the basis of a 360-day year <br /> comprised of twelve 30-day months. The 2011 Bonds shall mature annually on December 1 as <br /> finally determined by the Mayor and the Controller with the advice of the Financial Advisor and <br /> as set forth in the notice of intent to sell referred to herein and as evidenced by delivery of the <br /> executed initial issue of the 2011 Bonds to the Registrar for authentication; provided that the <br /> original aggregate principal amount does not exceed the amount authorized above, and that the <br /> final maturity shall be no later than December 1, 2031. <br /> All payments of interest on the 2011 Bonds shall be paid by check or draft mailed one <br /> business day prior to the interest payment date to the registered owners thereof as of the fifteenth <br /> (15th) day of the month preceding the interest payment date at the addresses as they appear on <br /> the registration books kept by the Registrar (the "Registration Record") or at such other address <br /> as is provided to the Paying Agent (as defined below) in writing by such registered owner. All <br /> principal payments and premium, if any, on the 2011 Bonds shall be made upon surrender <br /> thereof at the principal corporate trust office of the Paying Agent in any coin or currency of the <br /> - 4 - <br />