1994-06-21 Resolution 94 - Laserfiche WebLink

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• Section 2. Said Bonds shall be issued in accordance with and shall be secured by a trust indenture substantially in the form of the Trust Indenture presented to the Authority, with such changes as the President and the Secretary of the Authority deem necessary or appropriate to effectuate this Resolution and to consummate the sale of the Bonds, said officers' execution and attestation thereof to be conclusive evidence of their approval of such changes. Section 3. Norwest Bank Indiana, N.A., South Bend, Indiana, is hereby appointed to serve as trustee (the "Trustee") in connection with the issuance of the Bonds to finance the Project. The Trustee shall be charged with and shall by the Trust Indenture undertake the duties and responsibilities customarily associated with such position, as evidenced by the Trust Indenture. Section 4. The Bonds are hereby authorized to be issued under, pursuant to, and in accordance with the Trust Indenture with a final maturity date of not later than February 1, 2019, a maximum rate of interest for any maturity of twelve percent (12%) per annum and a maximum underwriter's discount not to exceed one percent (1.0%) of such aggregate principal amount. The proceeds of the Bonds shall be delivered to the Trustee and applied by the Trustee in accordance with the Trust Indenture. The Bonds shall be issued in a principal amount or principal amounts and bear interest at rate or rates as set forth in the Trust Indenture. The Bonds shall be redeemable from any moneys made available for that purpose upon terms set forth in the Trust Indenture. ~J