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Approving Economic Development revenue Bond & Trust Indenture Relating to the Metal Resources Corporation Project
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Approving Economic Development revenue Bond & Trust Indenture Relating to the Metal Resources Corporation Project
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Last modified
4/23/2013 3:09:48 PM
Creation date
4/23/2013 2:39:18 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
6/11/1984
Ord-Res Number
7342-84
Bill Number
55-84
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Section 6. The Mayor and the Clerk of the City are <br />authorized and directed to execute and deliver the aforemen- <br />tioned documents for and on behalf of the City after making <br />therein such changes permitted by the Act as they deem neces- <br />sary or proper, as evidenced by their execution of such docu- <br />ments, and are further authorized and directed to execute and <br />deliver such other documents for and on behalf of the City, and <br />to take such other actions for and on behalf of the City, as <br />they deem necessary or proper in connection with the consumma- <br />tion of such financing. <br />Section 7. The provisions of this ordinance and the <br />aforementioned documents shall constitute a contract binding <br />between the City and the holders of said Economic Development <br />Revenue Bond, and after the issuance of said Economic Develop- <br />ment Revenue Bond this Ordinance shall not be repealed or <br />amended in any respect which would adversely affect the rights <br />of said holders so long as any of the principal of said Eco- <br />nomic Development Revenue Bond or the interest thereon remains <br />unpaid. <br />Section 8. All ordinances or parts of ordinances in <br />conflict herewith are hereby repealed. <br />Section 9. This Ordinance shall be in full force and <br />effect from and after its passage by this Council and approval <br />by the Mayor of the City. <br />1sT READING Is'- .19 - IT I/ <br />PUBLIC NEARING (.- ! ! - Te y <br />2nd READING <br />NOT APPROVED <br />REFERRED <br />PASSED (, — 1 l - �C `4 � Cby q�,� <br />
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