My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Authorizing Issurance $6,000,000 Economic Development First Mortgage Revenue Bonds - South Bend Forge Inc
sbend
>
Public
>
Common Council
>
Legislation
>
Ordinances
>
1979
>
Authorizing Issurance $6,000,000 Economic Development First Mortgage Revenue Bonds - South Bend Forge Inc
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/4/2013 4:09:34 PM
Creation date
6/4/2013 4:07:14 PM
Metadata
Fields
Template:
City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
8/13/1979
Ord-Res Number
6622-79
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
25
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
applicable law in effect at the time of their issuance. In case any officer <br />whose signature or a facsimile of whose signature shall appear on any Bonds <br />shall cease to be such officer before the issuance, authentication or <br />delivery of such Bonds, such signature or such facsimile shall nevertheless <br />be valid and sufficient for all purposes, the same as if he had remained <br />in office until that time. <br />Unless otherwise provided in the Bond Legislation authorizing the <br />issuance of Additional Bonds, notice of call for redemption of all Bonds <br />shall be given in the manner provided in Section 5 hereof for the notice <br />of call for redemption of the Project Bonds. If Bonds or portions of fully <br />registered Bonds are duly called for redemption and if on such redemption <br />date moneys for the redemption of all the Bonds to be redeemed, together <br />with accrued interest to the redemption date, shall be held by the Trustee <br />or Paying Agents so as to be available therefor, then from and after such <br />redemption date such Bonds or portions of fully registered Bonds shall cease <br />to bear interest. <br />As provided herein, the Bonds shall be equally and ratably (i) <br />payable solely from the Pledged Receipts and (ii) secured by a pledge of <br />and lien on moneys deposited in the Bond Fund, a pledge and assignment of <br />other moneys constituting Pledged Receipts and by the Indenture, including <br />the assignment of the Agreement and the mortgage lien credited by the <br />Mortgage. Anything in the Bond Legislation, the Bonds or the Indenture <br />to the contrary notwithstanding, neither the Bond Legislation, the Bonds, <br />nor the Indenture shall constitute a debt or a pledge of the faith and credit <br />of the Issuer, and the Bonds shall contain on the face thereof a statement <br />to that effect and that such Bonds are payable solely from the aforesaid <br />Bond Fund and Pledged Receipts; provided, that nothing herein shall be deemed <br />to prohibit the Issuer, of its own volition, from using to the extent <br />lawfully authorized to do so any other resources for the fulfillment of <br />any of the terms, conditions or obligations of the Indenture, the Bond <br />Legislation or any of the Bonds. <br />- 13 - <br />
The URL can be used to link to this page
Your browser does not support the video tag.