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Authorizing $550,000 Economic Development Revenue Bonds - Automatic Molded Plastics Inc. Project)
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Authorizing $550,000 Economic Development Revenue Bonds - Automatic Molded Plastics Inc. Project)
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5/10/2013 10:08:40 AM
Creation date
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/14/1981
Ord-Res Number
7003-81
Bill Number
93-81
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and comply with the provisions of the Loan Agreement, the Note <br />and the Indenture as executed, and in any other documents and <br />instruments required to effectuate any portion of the financing <br />transaction. <br />If any of the officers of the Issuer who shall have <br />signed or sealed any of the Bonds or coupons shall cease to be <br />such officers of the Issuer before the Bonds or coupons so signed <br />and sealed shall have been actually authenticated by the Trustee, <br />or delivered by or on behalf of the Issuer, such Bonds and coupons <br />nevertheless may be authenticated and delivered with the same <br />force and effect as though the person or persons who signed or <br />sealed the same had not ceased to be such officer or officers of <br />the Issuer; and also any such Bonds and coupons may be signed and <br />sealed on behalf of the Issuer by those persons who, at the <br />actual date of the execution of such Bonds and coupons, shall be <br />the proper officers of the Issuer, although at the nominal date <br />of such Bonds and coupons any such person shall not have been <br />such an officer of the Issuer. <br />Section 5. The sale of the Bonds to the Original <br />Purchaser, at a price of 95 -1/2% of the aggregate principal <br />amount thereof plus accrued interest to the date of delivery, in <br />accordance with terms of the Bond Purchase Agreement, is hereby <br />approved. The forms, terms and provisions of the Bond Purchase <br />Agreement and the Official Statement presented to this meeting <br />are in all respects approved, and the use and distribution of the <br />Official Statement by the Original Purchaser is authorized and <br />approved. The prior distribution of a Preliminary Official <br />Statement, dated December 7, 1981, by the Original Purchaser is <br />hereby in all respects ratified and confirmed. The Mayor and the <br />City Clerk of the Issuer are hereby authorized, empowered and <br />directed to execute, acknowledge and deliver the Bond Purchase <br />Agreement and the Official Statement in the name and on behalf of <br />the Issuer. <br />-7- <br />
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