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Authorizing Issurance $6,000,000 Economic Development First Mortgage Revenue Bonds - South Bend Forge Inc
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Authorizing Issurance $6,000,000 Economic Development First Mortgage Revenue Bonds - South Bend Forge Inc
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6/4/2013 4:09:34 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
8/13/1979
Ord-Res Number
6622-79
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will keep or arrange to have kept on file at the corporate trust office <br />of the Trustee a list of names and addresses of the holders of Bonds. <br />Neither the Issuer nor the Trustee shall be under any responsibility with <br />regard to the accuracy of said list. At reasonable times and under <br />reasonable regulations established by the Trustee, said list may be inspected <br />and copied by the Company, or by holders (or a designated representative <br />thereof) of twenty -five percent or more in principal amount of Bonds then <br />outstanding, such holding and the authority of any such designated <br />representative to be evidenced to the satisfaction of the Trustee. <br />(g) Rights under Agreement. The Trustee, in its name or in the <br />name of the Issuer, may, for and on behalf of the Bondholders, enforce all <br />rights of the Issuer and all obligations of the Company under and pursuant <br />to the Agreement, whether or not the Issuer is in default of the pursuit <br />or enforcement of such rights and obligations. <br />(h) Enforcement of Agreement. The Issuer shall do all things and <br />take all actions on its part necessary to comply with obligations, duties <br />and responsibilities on its part under the Agreement, and will take all <br />actions within its authority to keep the Agreement in effect in accordance <br />with the terms thereof and to enforce and protect the rights of the Issuer <br />thereunder, including actions at law and in equity, as may be appropriate. <br />(i) Arbitrage Provisions. The Issuer will restrict the use of <br />the proceeds of the Project Bonds in such manner and to such extent, if <br />any, as may be necessary, after taking into account reasonable expectations <br />at the time the Project Bonds are delivered to the Original Purchasers, <br />so that they will not constitute arbitrage bonds under Section 103(c) of <br />the Internal Revenue Code and the regulations prescribed under that Section. <br />The Fiscal Officer or any other officer having responsibility with respect <br />to the issuance of the Bonds, is authorized and directed, alone or in <br />conjunction with any of the foregoing or with any other officer, employee, <br />consultant or agent of the Issuer, or with the Company or any employee, <br />- 20 - <br />
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