1994-05-17 Resolution 91 - Laserfiche WebLink

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• RATINGS Moody's Investors Service ( "Moody's ") and Standard & Poor's Corporation ( "S &P ") have given the Bonds the ratings of "Aaa" and " AAA," respectively, with the understanding that, upon delivery of the Bonds, a policy insuring the payment when due of the principal of and interest on the Bonds will be issued by . An explanation of the rating by Moody's may be obtained from such agency at 99 Church Street, New York, New York 10007, and an explanation of the rating by S&P may be obtained from such agency at 25 Broadway, New .York, New York 10004. Any such rating reflects only the view of the respective rating agency and is not a recommendation to buy, sell or hold any of the Bonds. There is no assurance that any rating will continue for any given period of time or that any rating will not be revised downward or withdrawn entirely if, in the judgment of the appropriate rating agency, circumstances so warrant. Any such downward revision or withdrawal of any rating may have an adverse effect on the market price or marketability of the Bonds. UNDERWRITING Under a bond purchase agreement with the Authority, the Underwriters listed on the cover page of this Official Statement have agreed to purchase the Bonds subject to conditions at an aggregate purchase price of $ which represents an underwriters' discount of $ and an original issue discount of $ from the par amounts set forth on the inside front cover of this Official Statement, plus accrued interest on the Bonds to the date of delivery. The Underwriters have agreed to make a bona fide public offering of all of the Bonds. The price and other terms respecting the offering and sale of the Bonds may be changed from time to time by the Underwriters after such Bonds are released for sale, and the Bonds may be offered and sold at prices lower than such initial offering • prices, including sales to dealers who may sell the Bonds into investment accounts. • MISCELLANEOUS This Official Statement speaks only as of its date, and the information contained herein is subject to change. The references, excerpts and summaries of all documents referred to herein do not purport to be complete statements of the provisions of such documents, and reference is made to all such documents for full and complete statements of all matters relating to the Bonds, the security for the payment of the Bonds and the rights of the owners thereof. During the initial offering period for the Bonds, copies of the Trust Agreement, the Lease and the Escrow Agreement will be available for inspection during regular business hours at the office of the Authority, 1200 County -City Building, South Bend, Indiana 46601; (219) 235 -9371. The Authority is obligated under the Trust Agreement to furnish copies of its annual reports to registered owners of Bonds who so request and to the Insurer. The Authority has not, however, entered into any other contractual commitment to provide investors with any other information on a continuing basis. -14-