My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Approving Revenue Bonds Ridgedale Nursing Home
sbend
>
Public
>
Common Council
>
Legislation
>
Ordinances
>
1973
>
Approving Revenue Bonds Ridgedale Nursing Home
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/22/2013 3:23:45 PM
Creation date
11/20/2013 9:25:57 AM
Metadata
Fields
Template:
City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/17/1973
Ord-Res Number
5623-73
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
46
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
this Indenture, as well as ;Just and reasonable compensation for the services <br />of the Trustee. <br />B. Second, to the payment of the amounts then due and unpaid upon <br />the Bonds and any i.nte-rest due thereon with respect to which monies shall have <br />been collected, ratably and without preference or priority of any kind, according <br />to the ;mounts due and payable upon such Fonds and the interest clue, respectively. <br />Said payment shall be made upon presentation of the several Bonds and the standing <br />of payments tharesn if partly paid and upon the surrender and cancellation thereof, <br />if fully paid. <br />C. Thiel, to the Payment of all other accounts payable by the City <br />and /or Commission under the terms of this Indenture. <br />D. Fou_;h, to the payment of any surplus, if any, to the City and /or. <br />Commission and /or the Lessee, their successors or assigns, or to whomsoever <br />shall be lawfully entitled to receive the same. <br />Section 7.10: No recourse under or upon any obligation, covenant, stipulation, <br />or agreement contained in this Indenture, or the Lease or any Bond or any mortgage <br />created hereunder, because of the creation of any indebtedness hereby authorized, <br />shall be had against any member., officer, or director of the Commission, or <br />of any successor to such Commission, or any officer or employee of the City, <br />unless provided for by statutes in the State of Indiana) and the rights and <br />duties of the Bondholders concerning the application of the collateral property <br />herein mortgaged shall be limited to the provisions of the Bond and the mortgages <br />and this Indenture with reference to the liability of the property only for <br />the payment of the Bonds, it being intended hereby to establish the fact that <br />the Revenue Bonds are not general obligations of the City or the Commission, <br />being a department of the City. The rights and obligations of the Bonds are <br />Amitcd to rents and proceeds from the Leased Premises and to the property mortgaged <br />purSuAHt to this Indenture. <br />ARTICLE VIII. <br />The Trustoo <br />,ix l.7ustoe nc,._,`,y . cc pts the trusL ,r., sew upon <br />it by this Indenwre, <br />but subjPci tc 10r. s W cond:i+__ons, hereof, including the ,`oil y <br />- 16 - <br />
The URL can be used to link to this page
Your browser does not support the video tag.