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Authorizing Economic Development Revenue Bonds Steel Warehouse Co Inc Project
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Authorizing Economic Development Revenue Bonds Steel Warehouse Co Inc Project
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4/17/2013 2:04:29 PM
Creation date
4/17/2013 1:57:23 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/30/1983
Ord-Res Number
7285-83
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documents constituting the Financing Agreement approved herein on <br />behalf of the City and any other document which may be necessary <br />or desirable to consummate the transaction, including the bonds <br />authorized herein. The Mayor and Clerk are hereby expressly <br />authorized to approve any modifications or additions to the documents <br />constituting the Financing Agreement which take place after the <br />date of this Ordinance with the review and advice of the City <br />Attorney; it being the express understanding of this Common Council <br />that said Financing Agreement is in substantially final form as of <br />the date of this Ordinance. The approval of said modifications or <br />additions shall be conclusively evidenced by the execution and <br />attestation thereof and the affixing of the seal thereto or the <br />imprinting of the seal thereon; provided, however, that no such <br />modification or addition shall change the maximum principal amount <br />of, interest rate on or term of the bonds as approved by the Common <br />Council by this Ordinance without further consideration by the <br />Common Council. The signatures of the Mayor and Clerk on the bonds <br />may be either manual or facsimile signatures. The Clerk is authorized <br />to arrange for delivery of such bonds to the Trustee named in the <br />Security Agreement and Indenture of Trust and after such payment <br />the bonds will be delivered by the Trustee to the purchasers thereof. <br />The Mayor and Clerk shall execute and the Clerk shall deliver the <br />bonds to the Trustee within ninety days of the adoption of this <br />Ordinance. The bonds shall be dated as of December 1, 1983 but <br />shall bear interest only from the date of delivery. <br />Q� <br />
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