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8447-93 Authorizing Economic Development Revenue (P.A.I. Properties $450,000)
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8447-93 Authorizing Economic Development Revenue (P.A.I. Properties $450,000)
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Last modified
3/21/2013 4:21:19 PM
Creation date
10/1/2012 1:26:24 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/13/1993
Ord-Res Number
8447-93
Bill Number
107-93
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reasonably expected useful life of the facilities being <br /> financed with the proceeds of the Series 1993 Bonds <br /> (determined as provided in Section 147 (b) of the Code) . <br /> Section 2 . 3 . Loan of Series 1993 Bond Proceeds by Issuer. <br /> Concurrently with the execution and delivery hereof, the Issuer is <br /> issuing the Series 1993 Bonds and is lending the proceeds from the <br /> sale thereof to the Borrower by making the deposits and payments <br /> specified in Section 301 of the Indenture. Such loan is being <br /> evidenced by the execution and delivery by the Borrower of the <br /> Series 1993 Note substantially in the form attached hereto as <br /> Exhibit B. <br /> (End of Article II) <br /> -13- <br />
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