12-13-2021 FINAL Packet - Laserfiche WebLink

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i Table of Contents Page ARTICLE I. DEFINITIONS .............................................................................................. 4 Section 1.1 Terms Defined.................................................................................... 4 Section 1.2 Rules of Interpretation ..................................................................... 10 ARTICLE II THE BONDS ............................................................................................... 11 Section 2.1 Authorized Amount of Bonds .......................................................... 11 Section 2.2 Issuance of the Bonds ...................................................................... 11 Section 2.3 Payment of Principal and Interest on the Bonds .............................. 12 Section 2.4 Execution; Limited Obligation......................................................... 12 Section 2.5 Authentication .................................................................................. 13 Section 2.6 Delivery of Series 2022 Bonds ........................................................ 13 Section 2.7 Mutilated, Lost, Stolen or Destroyed Bonds .................................... 13 Section 2.8 Registration and Exchange of Bonds: Persons Treated as Owners ............................................................................................. 14 Section 2.9 Provisions for Issuance of Additional or Refunding Bonds ............ 14 Section 2.10 Form of Additional Bonds ............................................................... 16 Section 2.11 Book-Entry System. ......................................................................... 16 ARTICLE III APPLICATION OF SERIES 2022 BOND PROCEEDS AND OTHER FUNDS ............................................................................................................................. 19 Section 3.1 Deposit of Series 2022 Bond Proceeds and Other Funds. ............... 19 Section 3.2 Deposit of Proceeds of Additional Bonds. ....................................... 19 ARTICLE IV REVENUE AND FUNDS ......................................................................... 20 Section 4.1 Source of Payment of the Bonds ...................................................... 20 Section 4.2 Creation of Funds ............................................................................. 20 Section 4.3 Bond Fund. ....................................................................................... 20 Section 4.4 Deposit of Leased Rental Payments................................................. 21 Section 4.5 Construction Fund ............................................................................ 21 Section 4.6 Expense Fund. .................................................................................. 22 Section 4.7 Debt Service Reserve Fund .............................................................. 23 Section 4.8 Operation Fund ................................................................................ 28 Section 4.9 Rebate Fund ..................................................................................... 29 Section 4.10 Redemption and Purchase of Bonds ................................................ 29 Section 4.11 Trust Funds ...................................................................................... 29 Section 4.12 Investment ........................................................................................ 29 ARTICLE V REDEMPTION OF BONDS PRIOR TO MATURITY ............................. 30 Section 5.1 Redemption Dates and Prices .......................................................... 30 Section 5.2 Notice to Trustee of Intent to Redeem ............................................. 31 Section 5.3 Notice to Bondholders of Redemption............................................. 31 Section 5.4 Cancellation ..................................................................................... 32 Section 5.5 Redemption Payments...................................................................... 32 Section 5.6 Partial Redemption of Bonds ........................................................... 32