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1992-06-18 Resolution 56
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1992-06-18 Resolution 56
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7/18/2008 5:17:12 PM
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• Trustee may make a charge sufficient to reimburse it for any tax, <br />fee or other governmental charge required to be paid with respect <br />to such exchange or transfer, which shall be paid by the person <br />requesting such exchange or transfer as a condition precedent to <br />the exercise of the privilege of making such exchange or transfer. <br />The cost of preparing each new Bond upon each exchange or transfer, <br />and any other expenses of the Trustee incurred in connection <br />therewith (except any applicable tax, fee or other governmental <br />charge) shall be paid by the Authority. The Trustee shall not be <br />obliged to make any transfer or exchange of any Bond called for <br />redemption within thirty days of the redemption date. <br />Sec. 2.10. The accrued interest and premium, if any, <br />received from the sale of the Bonds shall be deposited by the <br />Trustee in the Sinking Fund established and created by Section 3.01 <br />hereof. The sum of One Million Three Hundred Eight Thousand Three <br />Hundred Fourteen Dollars ($1,308,314) received from the sale of <br />such Bonds by the Trustee shall then be applied on behalf of the <br />Authority to the purchase price of the Project. The balance of <br />the proceeds from the sale of the Bonds shall then be deposited to <br />the credit of the Expense Fund. <br /> <br />• -13- <br />
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