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Approving Revenue Bonds Ridgedale Nursing Home
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Approving Revenue Bonds Ridgedale Nursing Home
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Last modified
11/22/2013 3:23:45 PM
Creation date
11/20/2013 9:25:57 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/17/1973
Ord-Res Number
5623-73
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the Con.mission and its General Cont:rnct:or for the construction of the Facility <br />according to the plans and specifications thereof; or <br />F. There is any default in the terms and conditions of the Lease <br />between the Lessor and the Lessee whereby any of the terms and conditions thereof <br />have been breached or defaulted; or <br />G. The Lessee is adjudicated a bankrupt, or a decree or order is <br />filed concerning the reorganization of the Lessee under any Federal bankruptcy <br />law as now or hereafter amended, or any such judgment or order is not vaca- <br />ted or stayed or set aside within thirty (30) days after the date of the entering <br />or granting of such order or judgment; or <br />H. The Lessee files or admits the jurisdiction of the Court and <br />the material allegations contained therein on any petition of bankruptcy or <br />petition pursuant or purporting to be pursuant to any present or future acts of <br />Congress on the subject of bankruptcy, or the said Lessee institutes any proceed- <br />ing or gives his consent to the institution of any proceedings for the relief <br />under any bankruptcy or insolvency laws, or laws relating to the relief of deb- <br />tors, adjustment Of indebtedness, reorganization, arrangements, compositions, <br />or extension; or <br />I. The Lessee makes an assignment for the benefit of creditors or <br />applies for or consents to the appointment of a Receiver of the Lessee; or <br />J. Final judgment for the payment of money is entered against the <br />City anal /or Coa nission or the General Contractor or the Lessee, pursuant to <br />any actions taken concerning the Leased Premises or the construction thereof <br />which is not discharged or a stay of execution is not procured thereon within <br />thirty (30) days from the date of such judgment, or that an appeal has been <br />taken therefrom to a higher Court appealing such decree, process or judgment; or <br />K. Default occurs under any indenture, agreement, or other similar <br />instrument under which the Go'.- nission, the General Contractor, or the Lessee <br />may he bound with reference to the construction, equipping, Operrtion, mainten-• <br />once , or lle:- arg or tha.. I.e:........ Pre ._... _.,, and slah default shall continue beyond <br />the grlcc peu'o,., if any, spnciftud in the or <br />L. An) property of t.il_ CKY and CO',n.....,ion oi of the Lassaa mort- <br />gaged or ple:dyN by secu i.ty i.r.Cerosts hereunder is sold under judicial process <br />und:... .;m 11M Wor to 0 on pa &K with the lion n of this i. <br />inaC`J1tUTC. <br />-1z - <br />
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