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60-18 Bond Financing for the Community Center Project
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60-18 Bond Financing for the Community Center Project
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Last modified
11/7/2018 2:09:11 PM
Creation date
11/7/2018 2:08:28 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/12/2018
Bill Number
60-18
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Table of Contents <br /> Page <br /> ARTICLE I. DEFINITIONS 3 <br /> Section 1.1 Terms Defined 3 <br /> Section 1.2 Rules of Interpretation 8 <br /> ARTICLE II THE BONDS 10 <br /> Section 2.1 Authorized Amount of Bonds 10 <br /> Section 2.2 Issuance of the Bonds 10 <br /> Section 2.3 Payment of Principal and Interest on the Bonds 10 <br /> Section 2.4 Execution; Limited Obligation 10 <br /> Section 2.5 Authentication 11 <br /> Section 2.6 Delivery of Series 20_Bonds 11 <br /> Section 2.7 Mutilated, Lost, Stolen or Destroyed Bonds 12 <br /> Section 2.8 Registration and Exchange of Bonds: Persons Treated as <br /> Owners 12 <br /> Section 2.9 Provisions for Issuance of Additional or Refunding Bonds 13 <br /> Section 2.10 Form of Additional Bonds 14 <br /> Section 2.11 Book-Entry System. 14 <br /> ARTICLE III APPLICATION OF SERIES 20_ BOND PROCEEDS AND OTHER <br /> FUNDS 18 <br /> Section 3.1 Deposit of Series 20 Bond Proceeds. 18 <br /> Section 3.2 Deposit of Proceeds of Additional Bonds. 18 <br /> ARTICLE IV REVENUE AND FUNDS 19 <br /> Section 4.1 Source of Payment of the Bonds 19 <br /> Section 4.2 Creation of Funds 19 <br /> Section 4.3 Bond Fund. 19 <br /> Section 4.4 Deposit of Pledged Revenues 20 <br /> Section 4.5 Construction Fund 20 <br /> Section 4.6 Expense Fund. 21 <br /> Section 4.7 Debt Service Reserve Fund 21 <br /> Section 4.8 Rebate Fund 22 <br /> Section 4.9 Trust Funds 23 <br /> Section 4.10 Investment 23 <br /> ARTICLE V REDEMPTION OF BONDS PRIOR TO MATURITY 24 <br /> Section 5.1 Redemption Dates and Prices 24 <br /> Section 5.2 Notice to Trustee of Intent to Redeem 25 <br /> Section 5.3 Notice to Bondholders of Redemption 25 <br /> Section 5.4 Cancellation 26 <br /> Section 5.5 Redemption Payments 26 <br /> Section 5.6 Partial Redemption of Bonds 26 <br /> ARTICLE VI GENERAL COVENANTS 27 <br />
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