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10632-18 Bond Financing for the Community Center Project (St. Joseph County Public Library)
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10632-18 Bond Financing for the Community Center Project (St. Joseph County Public Library)
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11/28/2018 12:57:51 PM
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11/28/2018 12:57:12 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/26/2018
Ord-Res Number
10632-18
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been made, nor during a period of fifteen (15) days next preceding mailing of a notice of <br /> redemption of any Bonds. <br /> As to any fully registered Bond without coupons, the person in whose name the same <br /> shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes, <br /> and payment of principal or interest thereon shall be made only to or upon the order of the <br /> registered owner thereof or his legal representative, but such registration may be changed as <br /> hereinabove provided. All such payments shall be valid and effectual to satisfy and discharge the <br /> liability upon such Bond to the extent of the sum or sums so paid. <br /> Section 2.9 Provisions for Issuance of Additional or Refunding Bonds. One or more <br /> Series of Bonds in addition to the Series 20 Bonds ("Additional Bonds"), may be <br /> authenticated and delivered from time to time for one or more of the purposes of(i) refunding all <br /> or a portion of one or more series of Bonds outstanding hereunder, if such Bonds may otherwise <br /> be refunded, and (ii) financing the cost or estimated cost of completing the Project or of <br /> acquiring and/or constructing additional improvements to the Project, and, in each case, <br /> obtaining additional funds to pay the costs to be incurred in connection with the issuance of such <br /> Additional Bonds, to establish reserves with respect thereto and to pay interest during the <br /> estimated construction period of completing the additional improvements, if any. <br /> Prior to the delivery by the Issuer of any such Additional Bonds there shall be filed with <br /> the Trustee: <br /> (a) A supplement to this Indenture executed by the Issuer and the Trustee authorizing <br /> the issuance of such Additional Bonds, specifying the terms thereof, pledging and assigning the <br /> Trust Estate, including the Pledged Revenues, as security therefor and providing for the <br /> disposition of the proceeds of the sale thereof <br /> (b) A copy of an ordinance, authorizing such Additional Bonds, duly certified by the <br /> Clerk. <br /> (c) A copy of the TIF Pledge Resolution, duly certified by the Secretary of the <br /> Redevelopment Commission. <br /> (d) A report or a certificate prepared by an independent certified public accountant or <br /> an independent financial advisor selected by the Issuer supported by appropriate calculations, in <br /> accordance with the temis of the TIF Pledge Resolution. <br /> (e) A written request of the Issuer to the Trustee to authenticate and deliver such <br /> Additional Bonds. <br /> (f) An opinion of Bond Counsel acceptable to the Issuer to the effect that (i) such <br /> supplement to this Indenture has been duly executed by the Issuer and constitutes the valid and <br /> binding obligation of the Issuer enforceable against the Issuer in accordance with its terms; and <br /> (ii) the Additional Bonds have been duly and validly authorized and issued by the Issuer and <br /> constitute the valid and binding limited obligations of the Issuer enforceable against the Issuer in <br /> accordance with their terms. The opinion of Bond Counsel may be qualified as to such matters <br /> as are acceptable to the Issuer and the Trustee, and include, without limitation, customary <br /> 13 <br />
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