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No. 0114 authorizing sale, issuance, delivery of preliminary loan notes in the aggregate principal amount of $585,000, the execution/delivery of project temp. loan note no. 4 in connection with project IND R-29
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No. 0114 authorizing sale, issuance, delivery of preliminary loan notes in the aggregate principal amount of $585,000, the execution/delivery of project temp. loan note no. 4 in connection with project IND R-29
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10/18/2012 4:22:24 PM
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' <br />None <br />of ibe <br />New Preliminary <br />Loazf Notes she1.1 bp vP-IJd until. after the bank or <br />! <br />trust; <br />company <br />at wlhich <br />it is payable shall have sigr!ed the agreement, appearing <br />on each <br />duch note <br />.to act as 'paying agent thereof. Each of the New Preliminary <br />�! <br />Loan <br />,Not <br />.s shall b <br />signed in the name of the Lpcsl Public Agency by the <br />Ot <br />011W <br />and shall have the <br />corpora <br />se o <br />V impressed thereon and attested by the <br />whereof, and said officers are hereby authorised <br />y <br />an <br />re <br />e o cause <br />sai -notes to be' properly executed. <br />Section <br />5 °. Each <br />of. the New Preliminary Loan Notes shall be issued in <br />' <br />f <br />substan <br />y theora. <br />aP the note hereto attached and marked "Exhibit A. <br />Sec <br />ion 6. <br />a Agreement entitled "Requisition Agreement No: " <br />II <br />(here <br />n <br />ome es <br />ailed the "New Requisition Agreement! which has been <br />j <br />! <br />exec <br />by the of <br />icers of the Local Public Agency, and has been presented to <br />and <br />ad <br />before th <br />meeting, axed the execution thereof, are hereby fully <br />ratified <br />confirme <br />and approved. Said New Requisition Agreement, when <br />executed <br />by.the C}o►ernnent, <br />is hereby declared to be 'and is hereby assigned by <br />the Local <br />Public <br />ency for the benefit of the holder or holders 4from, time to <br />time <br />!of <br />he New Pr <br />imLnary Loan Notes, and the proceeds of the Project <br />Temp or <br />Loan Note <br />executed pursuant to Section 7 hereof are hereby irrevocably' <br />pledged, <br />first, to�'the <br />;payments at maturity, of the principal of and interest on <br />the -New <br />reliminaxr <br />Lo�z�t Notes issued pursuant to this Resolution. <br />r <br />;Sec <br />ion 7. <br />a and at 00 CL�,Ot ` <br />are hereby authorized and directed to prepare and '— <br />II <br />execute <br />he Projec <br />'Temporary Loan Note, in the principal amount of <br />! <br />"oam <br />a escribe in-the New Requisition Agreements <br />the 'issu <br />nce o wh <br />c has heretofore been authorized bf a certain basic <br />Note <br />pr <br />iding for the issuance of certain Project Temporary <br />` <br />Loan!Not's <br />in Conn <br />ction With Project No. 24 and providing <br />for the <br />ecurity f� <br />r the payment thereof, and for other purposes, duly adopt d <br />by tta <br />cal Public <br />Agency on.the day of <br />f <br />a, <br />Said <br />knot <br />shall be''desiF;nated <br />"Project Temporary Loan Note " ;' shall be num Bred <br />! No. <br />; shall <br />be dated the day of A , 19 ; <br />shal <br />e <br />r interes <br />froan the date of the acceptance of the Local. Public Agency's <br />delivery <br />thereof apd <br />the payment therefor,by the Goverru"ent; shall bear a <br />t <br />stet <br />men <br />at the . fpot <br />thereof in substantially tile following: form: <br />"Del <br />very of this note was accepted and payment therefor <br />L <br />made <br />-on the -day of 19 . <br />UNITED STATES OF AHERIGA <br />Housing and Home Finance Administrator <br />�f <br />l T�t�e <br />
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