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Authorizing Tax Anticipation Time Warrents for 1992
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Authorizing Tax Anticipation Time Warrents for 1992
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Last modified
10/18/2012 8:57:05 AM
Creation date
10/18/2012 8:57:04 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
1/27/1992
Ord-Res Number
8238-92
Bill Number
6-92
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multiples thereof, as the City Controller may designate, or as a. <br /> single Warrant for the total amount of the loan to such Fund <br /> evidenced by such Warrants. The Warrants shall be sold to the. <br /> Purchaser pursuant to the purchase agreement. (the "Purchase <br /> Agreement" ) between the City and the Purchaser, hereby authorized to <br /> be entered into and executed by the City Controller, on behalf of the <br /> City, subsequent to the date of the adoption of this Ordinance in <br /> accordance with the terms and conditions of this Ordinance, and with <br /> such Purchase Agreement to set forth the definitive terms and. <br /> conditions for such sale, including the interest rate or rates on the. <br /> Warrants, which shall not exceed the maximum authorized rate of <br /> interest for the Warrants issued pursuant to this Ordinance. The. <br /> Warrants sold to the Purchaser shall be accompanied by all. <br /> documentation required pursuant to the provisions of Indiana law and <br /> the Purchase Agreement, including without limitation on approving <br /> opinion of nationally recognized bond counsel, certification and <br /> guarantee of signatures and certification as too no litigation <br /> pending, as of the date of delivery of the Warrants to the Purchaser, <br /> challenging the validity or issuance of the Warrants. The entry by <br /> the City into the Purchase Agreement and the execution of the <br /> Purchase Agreement on behalf of the City by the City Controller, in. <br /> accordance with the Ordinance, are hereby authorized, approved and. <br /> ratified. <br /> Section 6. The proper officers of the City are hereby authorized. <br /> to deliver the. Warrants to the. Purchaser thereof upon receipt from <br /> such Purchaser of the agreed purchase price, pursuant to the Purchase <br /> Agreement. The Warrants of each purchase of each issue will be <br /> delivered as a single parcel at one time or pursuant to any agreement <br /> or understanding with respect to said delivery by and between the <br /> City Controller and the Purchaser of the Warrants. <br /> Section 7. The City Controller and other appropriate officers of <br /> the City are hereby authorized and directed to make such filings and <br /> requests, deliver such certifications, execute and deliver such <br />
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