My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Issue its Economic Development Revenue Bonds (South Bend Residence Associates) $4,250,000.00
sbend
>
Public
>
Common Council
>
Legislation
>
Ordinances
>
1985
>
Issue its Economic Development Revenue Bonds (South Bend Residence Associates) $4,250,000.00
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/14/2013 9:24:04 AM
Creation date
3/14/2013 9:24:03 AM
Metadata
Fields
Template:
City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/16/1985
Ord-Res Number
7575-85
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
7
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
of said Economic Development Revenue Bonds to the Company for <br /> the acquisition and construction of such facilities, such loan <br /> to be evidenced by said Promissory Note, (iv) the repayment of <br /> said loan by the Company pursuant to said Loan Agreement and <br /> said Promissory Note, and (v) the securing of said Economic <br /> Development Revenue Bonds under the terms of said Loan Agree- <br /> ment and under said Trust Indenture. <br /> Section 5. The City shall issue its Economic Develop- <br /> ment Revenue Bonds, Series 1985 (South Bend Residence Associ- <br /> ates, an Indiana Partnership Project) , in the aggregate princi- <br /> pal amount of Four Million Two Hundred Fifty Thousand Dollars <br /> ($4, 250, 000. 00) for the purpose of procuring funds to loan to <br /> the Company in order to finance the acquisition and con- <br /> struction of such facilities, as more particularly set out in <br /> said Loan Agreement, which Economic Development Revenue Bonds <br /> shall be payable as to principal and interest solely from the <br /> payments made by the Company on its aforesaid Promissory Note <br /> in the principal amount of Four Million Two Hundred Fifty <br /> Thousand Dollars ($4, 250, 000. 00) which will be executed and <br /> delivered by the Company to evidence said loan, from other <br /> sources under said Loan Agreement and as otherwise provided in <br /> said Trust Indenture. Said Economic Development Revenue Bonds <br /> shall never constitute a general obligation of, indebtednesses <br /> of, or charge against the general credit of the City. Said <br /> Economic Development Revenue Bonds shall be executed by the <br /> manual or facsimile signatures of the Mayor and the Clerk of <br /> the City; shall be dated as of December 1, 1985; shall have a <br /> final maturity date of not later than December 1, 2000; shall <br /> bear interest at a variable per annum rate of not to exceed <br /> eighty percent (80%) of the national prime rate, except in the <br /> case of an Event of Taxability as defined in the Loan Agree- <br /> ment, in which case the per annum interest rate shall be as set <br />
The URL can be used to link to this page
Your browser does not support the video tag.