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Section 5 . The City shall issue its Economic Develop- <br /> ment Revenue Bonds, Series 1985 (Industrial Fuels and <br /> Resources, Inc. , Project) , in the aggregate principal amount of <br /> approximately Seven Hundred Fifty Thousand Dollars <br /> ($750, 000.00) in order to finance the acquisition, and con- <br /> struction of such facilities, as more particularly set out in <br /> said Loan Agreement, Mortgage and Security Agreement, which <br /> Economic Development Revenue Bonds shall be payable as to <br /> principal and interest solely from the payments made by the <br /> Company on its aforesaid Promissory Note in the principal <br /> amount of approximately Seven Hundred Fifty Thousand Dollars <br /> ($750, 000 .00) which will be executed and delivered by the Com- <br /> pany, from other sources under said Loan Agreement, Mortgage <br /> and Security Agreement, and as otherwise provided in said Trust <br /> Indenture. Said Economic Development Revenue Bonds shall never <br /> constitute general obligations of, indebtednesses of, or <br /> charges against the general credit of the City. Said Economic <br /> Development Revenue Bonds shall be executed by the manual or <br /> facsimile signatures of the Mayor and the Clerk of the City; <br /> shall be executed and delivered on or about December 18, 1985; <br /> shall be dated as of the date of closing; shall have a final <br /> payment date of January 1, 1996 with principal and interest <br /> paid in equal monthly installments beginning on February 1, <br /> 1986; shall bear interest at a per annum rate of ten percent <br /> (10%) except in the case of an Event of Taxability as defined <br /> in the Loan Agreement, in which case the higher interest rate <br /> one percent over the National Prime rate of interest as <br /> -4- <br />