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14-20 Cedar Glen Bond Ordinance Addendums
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14-20 Cedar Glen Bond Ordinance Addendums
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3/18/2020 2:57:42 PM
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3/18/2020 2:55:23 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
3/23/2020
Bill Number
14-20
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the Bonds or be subject to any personal liability or accountability by reason of the issuance of the <br /> Bonds. <br /> The holder of this Bond shall have no right to enforce the provisions of the Bond Purchase and <br /> Loan Agreement or to institute action to enforce the covenants therein,or to take any action with respect to <br /> any event of default under the Bond Purchase and Loan Agreement,or to institute,appear in or defend any <br /> suit or other proceedings with respect thereto, except as provided in the Bond Purchase and Loan <br /> Agreement. In certain events, on the conditions, in the manner and with the effect set forth in the Bond <br /> Purchase and Loan Agreement, the principal of all the Bonds issued under the Bond Purchase and Loan <br /> Agreement and then outstanding may become or may be declared due and payable before the stated maturity <br /> thereof,together with interest accrued thereon.Modifications or alterations of the Bond Purchase and Loan <br /> Agreement, or of any supplements thereto, may be made to the extent and in the circumstances permitted <br /> by the Bond Purchase and Loan Agreement. <br /> It is hereby certified that all conditions,acts and things required to exist,happen and be performed <br /> under the laws of the State of Indiana and under the Bond Purchase and Loan Agreement precedent to and <br /> in the issuance of this Bond exist, have happened and have been performed, and that the issuance, <br /> authentication and delivery of this Bond have been duly authorized by the Issuer. <br /> This Bond shall not be valid or become obligatory for any purpose or be entitled to any security or <br /> benefit under the Bond Purchase and Loan Agreement until the certificate of authentication hereon shall <br /> have been duly authenticated by the execution by the City Clerk of the Issuer. <br />
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