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1992-04-30 Resolution 52
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1992-04-30 Resolution 52
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9/9/2008 2:30:34 PM
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<br />• benefits of, and ratably secured by, a Trust Agreement (hereinafter <br />called the "Agreement"), dated as of May 1, 1992, executed by the <br />Authority and Norwest Bank Indiana, N.A., as Trustee, to which <br />reference is hereby made for a description of the rentals and other <br />income (the "Pledged Funds") pledged as security for the payment <br />of the Bonds and interest thereon and the rights under said <br />Agreement of the Authority, the holders of the Bonds and the <br />Trustee, to all of which the holders hereof, by the acceptance of <br />this Bond, agree. <br />The Authority covenants that one business day prior to <br />February 1 and August 1 in each year, beginning with August 1, <br />1992, it will pay to the Trustee, prior. to the due date, an amount <br />sufficient to pay the principal and all interest as it becomes due <br />until all of the Bonds of this issue shall have been retired. <br />The Bonds of this issue maturing on or after February 1, 2003, <br />may be redeemed prior to maturity at the option of the Authority <br />in whole or in part in whole multiples of $5,000, in inverse order <br />of maturities and by lot within maturities, on any interest payment <br />date not earlier than February 1, 2002, from any monies made <br />available for that purpose, at face value, plus accrued interest <br />to the date fixed for redemption and without premium; provided <br />notice has been given by mail to the registered owners of all Bonds <br />to be redeemed. If this Bond is so called for redemption, and <br />payment is made to the Trustee in accordance with the terms of the <br />Agreement, this Bond shall cease to bear interest or to be entitled <br />to the lien of the Agreement from and after the date fixed for the <br />redemption in the call. <br />In case an event of default, as defined in the Agreement, <br />occurs, the principal of this Bond may become or may be declared <br />due and payable prior to the stated maturity hereof , in the manner, <br />and with the effect, and subject to the conditions provided in the <br />Agreement. <br />This Bond is transferable by the registered owner hereof at <br />the principal office of Norwest Bank Indiana, N.A., upon surrender <br />and cancellation of this Bond and on presentation of a duly <br />executed written instrument of transfer and thereupon a new Bond <br />or Bonds of the same aggregate principal amount and maturity and <br />in authorized denominations will be issued to the transferee or <br />transferees in exchange therefor. This Bond may be exchanged upon <br />surrender hereof at the principal office of Norwest Bank Indiana, <br />N.A., duly endorsed by the owner for the same aggregate principal <br />amount of Bonds of the same maturity in authorized denominations <br />as the owner may request. <br />The Authority and the Trustee may deem and treat the person <br />in whose name this Bond is registered as the absolute owner hereof . <br />-9- <br />
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