EDC Packet 2.6.25 - Laserfiche WebLink

Home Browse Search

i Table of Contents ARTICLE I. DEFINITIONS .............................................................................................. 4 Section 1.1. Terms Defined.................................................................................... 4 Section 1.2. Rules of Interpretation ....................................................................... 7 Section 1.3. Exhibits .............................................................................................. 8 ARTICLE II. THE BONDS ................................................................................................ 9 Section 2.1. Authorized Amount of Bonds ............................................................ 9 Section 2.2. Issuance of the Bonds ........................................................................ 9 Section 2.3. Payment on the Bonds........................................................................ 9 Section 2.4. Execution: Limited Obligation......................................................... 10 Section 2.5. Authentication .................................................................................. 10 Section 2.6. Form of the Bonds............................................................................ 10 Section 2.7. Delivery of Bonds ............................................................................ 15 Section 2.8. Mutilated, Lost, Stolen or Destroyed Bonds .................................... 15 Section 2.9. Registration and Exchange of Bonds: Persons Treated as Owners ............................................................................................. 16 Section 2.10. Reserved ........................................................................................... 16 ARTICLE III. APPLICATION OF THE BOND PROCEEDS ........................................ 17 Section 3.1. Deposit of Bond Funds .................................................................... 17 Section 3.2. Capitalized Interest .......................................................................... 17 ARTICLE IV. REVENUE AND FUNDS ........................................................................ 18 Section 4.1. Source of Payment of the Bonds ...................................................... 18 Section 4.2. Bond Fund. ....................................................................................... 18 Section 4.3. Project Fund ..................................................................................... 19 Section 4.4. Deposit of TIF Revenues. ................................................................ 20 Section 4.5. Trust Funds ...................................................................................... 20 Section 4.6. Investment ........................................................................................ 20 ARTICLE V. REDEMPTION OF BONDS BEFORE MATURITY ............................... 21 Section 5.1. Redemption Dates and Prices .......................................................... 21 Section 5.2. Notice of Redemption ...................................................................... 21 Section 5.3. Cancellation ..................................................................................... 21 Section 5.4. Redemption Payments...................................................................... 21 Section 5.5. Partial Redemption of Bonds ........................................................... 22 ARTICLE VI. GENERAL COVENANTS....................................................................... 23 Section 6.1. Payment of Principal and Interest .................................................... 23 Section 6.2. Performance of Covenants ............................................................... 23 Section 6.3. Filing of Indenture and Security Instruments .................................. 23 Section 6.4. List of Bondholders .......................................................................... 24 Section 6.5. Rights Under Loan Agreement ........................................................ 24 Section 6.6. Investment of Funds ......................................................................... 24 Section 6.7. Non-presentment of Bonds .............................................................. 25