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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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Trustee at one hundred (100%) percent of the principal amount <br />thereof against the mandatory sinking fund obligation on such <br />mandatory sinking fund date, and any excess of such amount shall <br />be credited on future redemption obligations, and the principal <br />amount of the Bonds to be redeemed by operation of the mandatory <br />sinking fund requirement shall be accordingly reduced; provided, <br />however, that the Trustee shall only credit the Bonds maturing as <br />Term Bonds to the extent received on or before forty-five (45) days <br />preceding the applicable mandatory redemption date. <br />Section 5. Said Bonds shall be issued in accordance with <br />and shall be secured by a trust agreement substantially in the form <br />of the Trust Agreement submitted to this meeting, with such changes <br />as the President and the Secretary of the Authority deem necessary <br />or appropriate to effectuate this Resolution and to consummate the <br />• sale of the Bonds, said officers' execution and attestation thereof <br />to be conclusive evidence of their approval of such changes. <br />Section 6. The Authority shall enter into the Escrow <br />Agreement substantially in the form of the Escrow Agreement <br />submitted to this meeting, in order to effect the refunding of the <br />Refunded Bonds in accordance with their terms. The Authority <br />hereby authorizes the President and the Secretary to execute and <br />attest, respectively, the Escrow Agreement substantially in the <br />form submitted to this meeting together with such changes and <br />modifications in form or substance as may be approved by the <br />President and the Secretary with any such approval to be <br />C <br />-5- <br />
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