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8448-93 Authorizing City of South Bend Economic Development Revenue Refunding Bonds (First Bank Center Project) $8,030,384.77
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8448-93 Authorizing City of South Bend Economic Development Revenue Refunding Bonds (First Bank Center Project) $8,030,384.77
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Last modified
3/21/2013 4:22:24 PM
Creation date
10/1/2012 2:09:23 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/13/1993
Ord-Res Number
8443-93
Bill Number
108-93
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Section 503. <br />Payments into the Bond Fund ........................ ............................... <br />22 <br />Section 504. <br />Use of Moneys in the Bond Fund ................... ............................... <br />23 <br />Section 505. <br />Custody of the Bond Fund ............................ ............................... <br />23 <br />Section 506. <br />Nonpresentment of Bonds ............................. ............................... <br />24 <br />Section 507. <br />Trustee's Fees, Charges and Expenses ............ ............................... <br />24 <br />Section 508. <br />Moneys to Be Held in Trust .......................... ............................... <br />24 <br />Section 509. <br />Repayment to the Borrower from the Bond Fund .......................... <br />24 <br />Section 510. <br />Bond Proceeds Fund; Disbursements ............. ............................... <br />24 <br />ARTICLE VI PROCEEDS OF BONDS; BOND PROCEEDS FUND .... ............................... 25 <br />Section 601. Deposits in the Bond Proceeds Fund .............. ............................... 25 <br />ARTICLE VII INVESTMENTS ................................................. ............................... 25 <br />Section 701. [Intentionally Omitted] ................................. ............................... 25 <br />Section 702. Investment of Bond Fund Moneys ................. ............................... 25 <br />Section 703. Investments Through Trustee's Bond Department .......................... 25 <br />Section704. Arbitrage .................................................... ............................... 25 <br />ARTICLE VIII SATISFACTION AND DISCHARGE ........................ ............................... 26 <br />Section 801. Satisfaction and Discharge of the Indenture .... ............................... 26 <br />ARTICLE IX DEFAULT PROVISIONS AND REMEDIES OF TRUSTEE AND <br />BONDHOLDERS................................................ ............................... 26 <br />Section 902. <br />Acceleration ................................................ ............................... <br />27 <br />Section 903. <br />Remedies; Rights of Bondholders .................. ............................... <br />27 <br />Section 904. <br />Right of Bondholders to Direct Proceedings ... ............................... <br />27 <br />Section 905. <br />Application of Moneys ................................. ............................... <br />27 <br />Section 906. <br />Remedies Vested in Trustee .......................... ............................... <br />29 <br />Section 907. <br />Rights and Remedies of Bondholders ............. ............................... <br />29 <br />Section 908. <br />Termination of Proceedings .......................... ............................... <br />30 <br />Section 909. <br />Waivers of Events of Default ........................ ............................... <br />30 <br />ARTICLEX THE TRUSTEE .................................................. ............................... 31 <br />Section 1001. Certain Duties and Responsibilities ................ ............................... 31 <br />Section 1002. Notices to Bondholders ................................ ............................... 32 <br />Section 1003. Certain Rights of Trustee ............................. ............................... 32 <br />Section 1004. Not Responsible for Recitals or Issuance of Bonds ......................... 33 <br />Section 1005. May Hold Bonds .......................................... ............................... 33 <br />Section 1006. Money Held in Trust .................................... ............................... 33 <br />Section 1007. Compensation and Reimbursement of the Trustee .......................... 33 <br />Section 1008. Corporate Trustee Required; Eligibility ......... ............................... 34 <br />Section 1009. Resignation and Removal; Appointment of Successor ..................... 34 <br />Section 1010. Acceptance of Appointment .......................... ............................... 35 <br />-ii- <br />
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