1988-06-17 Resolution 8 - Laserfiche WebLink

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(g) "Cost of Iss~ance° shall mean any and all costs and th 'ssuance sale and delivery of the . expenses relating to e i , Bonds, including but not limited to, premiums for municipal bond insurance, all fees and expenses of legal counsel, financial feasibility or other consultants, trustees, underwriters and accountants, the preparation and printing of the Agreement, the preliminary and final official statement and such Bonds. (h) "Expense Fund" means the Expense Fund created and established by Section 3.03. (i) "Facility" means the real estate described in Exhibit A and stadium facility thereon to be acquiredursuanthto proceeds of the Bonds and leased to the Commission, p the Lease. LJ (j) "Government Obligations" means bonds, notes, certificates of indebtedness, treasury bills or other securities constituting direct obligations of, or obligations the timely payment of the principal of and the interest on which are fully and unconditionally guaranteed by, the United States of America or any agency or instrumentality thereof.. (k) "Lease" means the lease by the Authority to the Commission, dated as of June 1, 1988, as the same may be amended or supplemented. (1) "Operation and Reserve Fund" means the Operation and Reserve Fund created and established by Section 3.02. (m) Pledged Funds" sale of the Bonds; (ii) the re Lease; and (iii) all moneys an by the Trustee under the terms or securities held in accounts redemption or with respect to redeem have been given to the limitation the moneys held in means (i) the proceeds from the ntals to be received under the d securities from time to time held of this Agreement (except moneys to pay for Bonds called for which irrevocable instructions to Trustee), including without trust-funds. (n) "Qualified Securities" means investments in: (i) Government Obligations; (ii) certificates of deposit issued by banks and mutual savings banks incorporated under the laws of the State of Indiana and in national banking associations having their principal banking offices in the State of Indiana, including the Trustee,_provided such certificates of deposit do not exceed in the aggregate ten percent (10%) of the combined capital, surplus and undivided profits of any such bank or association and that each such bank or association has a combined capital and surplus of at least $25,000,000; and provided further that such certificates of deposit are insured by the Federal Deposit Insurance Authority or the Federal Savings and Loan Insurance Authority or, to the extent not so insured, collateralized by interest-bearing obligations described in clause (i) above in which-the Trustee has a perfected security. interest; or (iii) repurchase agreements, entered into with banks and mutual savings banks incorporated under the laws of the State -4-