My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Authorizing Economic Development Refunding Revenue Bonds Michiana Telecasting Corp
sbend
>
Public
>
Common Council
>
Legislation
>
Ordinances
>
1982
>
Authorizing Economic Development Refunding Revenue Bonds Michiana Telecasting Corp
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/8/2013 11:28:50 AM
Creation date
5/8/2013 10:04:51 AM
Metadata
Fields
Template:
City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/8/1982
Ord-Res Number
7130-82
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
8
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
1981 Notes as more particularly set out in the Trust Indenture <br />and Loan Agreement incorporated herein by reference, which <br />bonds will be payable as to principal, premium, if any, and <br />interest from the Note payments made by Michiana Telecasting <br />Corp. under the Loan Agreement and Note or as otherwise <br />provided in the above described Trust Indenture. The bonds <br />may be issued in coupon or registered form, may be issued in <br />denominations of $5,000.00 or a multiple thereof, may be fully <br />registered, or in the case of coupon bonds, may be registrable <br />as to principal only, and shall be redeemed as provided in <br />Article III of the Trust Indenture. Payments of principal and <br />interest are payable in lawful money of the United States of <br />America at the principal office of the Trustee or its successor <br />in trust or by check or draft mailed or delivered to the <br />registered owner as provided in the Trust Indenture. The <br />bonds shall never constitute a general obligation of, an <br />indebtedness of, or a charge against the general credit of the <br />City of South Bend, nor are the bonds payable in any manner <br />from revenues raised by taxation. <br />Section 4. The Mayor and Clerk are authorized and <br />directed to sell such bonds to the purchasers thereof at a <br />rate of interest on the bonds not to exceed Nine and one -half (9 1 /2)percent <br />and at a price not less than 99.25 % of the principal amount <br />thereof. <br />Section 5. The Mayor and Clerk are authorized and <br />directed to execute, attest, affix or imprint by any means <br />the City Seal to the documents constituting the Financing <br />Agreement approved herein on behalf of the City and any other <br />document which may be necessary or desirable to consummate <br />the transaction, including the bonds authorized herein. The <br />- 3 - <br />
The URL can be used to link to this page
Your browser does not support the video tag.