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1993-06-29 Resolution 77
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1993-06-29 Resolution 77
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7/23/2008 3:18:36 PM
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i WHEREAS, the Authority intends to amend the currently <br />-" existing lease of the Project with the Commission dated as of <br />August 1, 1990, which was subsequently amended as of January 29, <br />1991, (collectively the "Lease"}, which Lease was heretofore <br />approved and executed by this Authority; and <br />WHEREAS, there has been prepared and submitted to the <br />Authority a form of Trust Agreement to be dated as of July 1, 1993, <br />between the Authority and Society National Bank, Indiana, as <br />Trustee (the "Trust Agreement") which Trust Agreement provides for, <br />among other things, the issuance of such Bonds to finance the <br />refunding of the Refunded Bonds; and <br />WHEREAS, a Preliminary Official Statement of the <br />Authority (the "Preliminary Official Statement") dated June 29, <br />• 1993, relating to the issuance of the Bonds has been prepared by <br />H.J. Umbaugh & Associates, as financial advisor to the Authority, <br />and presented to the Authority; and <br />WHEREAS, there has been prepared and submitted to the <br />Authority a form of Irrevocable Escrow Deposit Agreement to be <br />dated as of July 1, 1993, between the Authority and Society <br />National Bank, Indiana, as Escrow Trustee (the "Escrow Agreement"), <br />which Escrow Agreement provides for, among other things, the <br />deposit of a portion of the proceeds of the Bonds with the Escrow <br />Trustee in an amount, plus investment earnings thereon, that will <br />be sufficient to pay all principal of and interest on the Refunded <br />Bonds; <br /> <br />-2- <br />
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