RM 08-04-60 - Laserfiche WebLink

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(Resolution No. 23) Both the principal of and interest on this Note are payable at the pri cipal office of the Local Public Agency in , in any coin or currency of the United States of America, which, on the date of the payment of the principal of interest on this Note, is legal tender for the payment of public and pri�ate debts. This Note is issued pursuant to the provisions of (a) the Constitu- and laws of the ing particularly of , 8 (b) 4 Resolution duly adopted by the Local Public Agency on the day of 19 , providing for the issuance of Project Tem- porary Loan Notes (herein called the "basic Note Resolution "); and (c) a Re olution likewise adopted on the day of , 19 , pro iding for the issuance of this particular Note; and the proceeds hereof arel to be used to defray expenses and costs involved in the Local Public Agoney's undertaking and carrying out of a certain urban renewal or re- nt Project of the character authorized by said laws and designa- ted IProject No. , which is more fully identified in the basic Note Resolution. Said Project for which this Note is issued is being assisted by the United States of America pursuant to Title I of the Housing Actl of 1949 (Public Law 171 - 81st Congress, approved July 15, 1949, as am( and pay. and supplemented) . Under the basic Note Resolution, there is established a separate special fund therein referred to as the "Project Temporary Loan Re- t Fund" in which are required to be deposited certain moneys, therein described, as and when the same are received by the Local Public Agency, -and 01i,s luo e, ;toge_ther with all other notes issued pursuant to the basic Note Resolution, constitute, as ,to both the principal thereof and the nterest thereon, an exclusive first lien and charge upon said Fund -5-