My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
25-20 Sewage Works Refunding Bond Ordinance
sbend
>
Public
>
Common Council
>
Legislation
>
Upcoming Bills
>
2020
>
06-22-2020
>
25-20 Sewage Works Refunding Bond Ordinance
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/3/2020 1:45:58 PM
Creation date
6/17/2020 1:17:16 PM
Metadata
Fields
Template:
City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
6/8/2020
Bill Number
25-20
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
31
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
providing written wire instructions to the Paying Agent before the Record Date for any payment. <br /> All payments of principal of, and premium, if any, on this bond shall be made upon surrender <br /> thereof at the principal office of the Paying Agent, in any U.S. coin or currency which on the date <br /> of such payment shall be legal tender for the payment of public and private debts, or in the case of <br /> a Registered Owner of $1,000,000 or more in principal amount of the Bonds (as hereinafter <br /> defined), by wire transfer on the due date upon written direction of such owner provided at least <br /> fifteen (15) days prior to the maturity date or redemption date. <br /> THIS BOND SHALL NOT CONSTITUTE AN INDEBTEDNESS OF THE CITY <br /> WITHIN THE MEANING OF THE PROVISIONS AND LIMITATIONS OF THE <br /> CONSTITUTION OF THE STATE OF INDIANA, AND THE CITY SHALL NOT BE <br /> OBLIGATED TO PAY THIS BOND OR THE INTEREST THEREON EXCEPT FROM THE <br /> SPECIAL FUND, ENTITLED "SEWAGE WORKS SINKING FUND" AS DESCRIBED <br /> HEREIN, PROVIDED FROM THE NET REVENUES OF THE CITY'S SEWAGE WORKS <br /> UTILITY. <br /> It is hereby certified and recited that all acts, conditions and things required to be done <br /> precedent to and in the execution,issuance and delivery of this bond have been done and performed <br /> in regular and due form as provided by law. <br /> This bond shall not be valid or become obligatory for any purpose until the certificate of <br /> authentication hereon shall have been executed by an authorized representative of the Registrar. <br /> This bond is one of an authorized issue of bonds of the City of South Bend, Indiana,of like <br /> date, tenor and effect, except as to denomination, numbering, rates of interest, redemption terms <br /> and dates of maturity, aggregating Dollars <br /> ($ ), numbered consecutively from 1 upward (the "Bonds"), issued for the purpose of <br /> providing funds to be applied to the cost of refunding the outstanding City of South Bend, Indiana <br /> Sewage Works Revenue Bonds of 201_ (the "Refunding") and to pay incidental expenses and <br /> costs of issuance of the Bonds. This bond is issued pursuant to an ordinance adopted by the <br /> Common Council of said City on the day of , 2020, entitled "An Ordinance of the <br /> Common Council of the City of South Bend, Indiana, Authorizing the Refunding of Certain <br /> Outstanding Sewage Works Revenue Bonds, Authorizing the Issuance of Revenue Bonds in One <br /> or More Series for Such Purpose in the Aggregate Principal Amount Not to Exceed <br /> Dollars ($ ), and Addressing Other Matters Connected <br /> Therewith" (the "Ordinance"), and in accordance with the provisions of Indiana law, including <br /> without limitation Indiana Code 36-9-23, and other applicable laws, as amended (the "Act"), all <br /> as more particularly described in the Ordinance. The owner of this bond,by the acceptance hereof, <br /> agrees to all the terms and provisions contained in the Ordinance and the Act. <br /> Pursuant to the provisions of the Act and the Ordinance, the principal of and interest on(i) <br /> this bond and all other bonds of this issue, (ii) all Prior Bonds(as defined in the Ordinance), which <br /> Prior Bonds are on a parity with this bond and all other bonds of this issue, and (iii) all bonds <br /> hereafter issued on a parity with this bond and all other bonds of this issue, are payable solely from <br /> the Sewage Works Sinking Fund, as described in the Ordinance, to be provided from the Net <br /> Revenues(defined as the gross revenues of the Sewage Works of the City after deduction only for <br /> the payment of the reasonable expenses of operation, repair and maintenance but not including <br /> A-2 <br />
The URL can be used to link to this page
Your browser does not support the video tag.