No. 0084 authorizing issuance, sale, delivery from preliminary loan notes, execution of requisition agreements, execution of project temp. loan notes for delivery pursuant to requisition agreements IND R-29

Home Browse Search

Public Agency for the benefit of the holder or holders from time to time of the New Preliminary Loan Notes described therein, and the proceeds of the Project Temporary Loan Note or Notes executed pursuant to Section 8 hereof and deposited with the Government for purchase pursuant to such Requisition Agreement are hereby irrevocabl pledged first, to the payment at maturity of the principal and interest on said Ne Preliminary Loan Notes. Mayor of t Local. Publ Temporary: as the "Be been autho Temporary Providing adopted by 19-�_, as corporate Temporary I of the New estimated i accordance Requisition Loan Notes, the Loan an or deposite shall be nu Loan Note ( therefor by Loan and Gr substantial and (c) sha: Government. Requisition Government and conditi The of the Agency is hereby authorized and directed to execute the Project )an Note(s), as described and defined in the Requisition Agreement row Project Temporary. Loan Note" (the issuance of which has heretofore zed by a Resolution Authorising the Issuance f Ce to Project >an Notes in Connection With Project No. and >r the Security for the Payment The f and for Other Purnoses., duly :he Local Public Agency on the day of , emended). Each such Escrow Project Temporary Loan Note �vehe -al of said City impxes ted by the or the of the Sam The Escrow Project Temporary Loan Note or the �ineipal amount of any two or more notes constituting the Escrow Project >an Note under the Requisition Agreement shall equal tie principal amount 'reliminary Loan Notes described in the Requisition Agreement plus Merest thereon determined on the basis of the requisition and in r1th Section 3 hereof, rand, also, shall equal the amount of the :d Payment described in the Requisition Agreement. Project Temporary whether purchased by the Government through direct purchase under Grant Contract, or through operations under a Requisition Agreement., L with the Government for purchase pursuant to a Requisition Agreement, ibered from 1 upward in orderly sequence; and each such Project Temporary t) shall bear interest from date of delivery thereof and the payment the Government at a rate or rates determined in accordance with the Ent Contract; (b) shall bear a statement at the foot thereof in .y the following form: "Delivery of this note was accepted and payment therefor made on the day of Is, -. WITED STATES OF AMERICA Housing and Home Finance Administrator By Title Ll not be valid until said statement is duly executed on behalf of the The Escrow Project Temporary Loan Note, as described in a specific Agreement, shall, be delivered by the Authorized Officer to the to be held and paid for by the Government in accordance with the terms ms contained in such Requisition Agreement. _5.