My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Refunding of Outstanding Sewage Works Revenue Bonds of 2006, 2007B in the Principal Amount not to Exceed $28,000,000
sbend
>
Public
>
Common Council
>
Legislation
>
Ordinances
>
2015
>
Refunding of Outstanding Sewage Works Revenue Bonds of 2006, 2007B in the Principal Amount not to Exceed $28,000,000
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/2/2015 12:24:16 PM
Creation date
12/2/2015 12:24:06 PM
Metadata
Fields
Template:
City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/23/2015
Ord-Res Number
10406-15
Bill Number
71-15
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
33
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
before delivery of the BANs, such signature shall nevertheless be valid and sufficient for all <br /> purposes as if such officer had remained in office until delivery of the BANs. <br /> Upon execution of the BANs by the Executive and attestation thereof by the City Clerk, <br /> the BANs shall constitute the legal,valid and binding obligations of the City. <br /> No action shall be taken that would impair the exclusion from gross income of interest on <br /> the BANs provided by the Code. In furtherance of the foregoing, the provisions of Section 24 of <br /> this Ordinance shall apply to the BANs in the same manner as they apply to the 2015 Bonds. <br /> The BANs shall be subject to transfer or exchange in the same manner as the 2015 <br /> Bonds, as described in Section 4 of this Ordinance, and to amendment in the same manner as the <br /> 2015 Bonds, as described in Sections 22 and 23 of this Ordinance. <br /> The Executive and the Fiscal Officer each are authorized and directed to execute a <br /> purchase agreement with respect to the BANs in such form or substance as they shall approve. <br /> As an alternative to any terms of the BANs set forth above and to the method of sale referred to <br /> above, the Fiscal Officer may negotiate the sale to the Indiana Finance Authority or the Indiana <br /> Bond Bank upon such terms as are acceptable to the Executive and the Fiscal Officer and as are <br /> authorized by law for such sale, and the Executive and the Fiscal Officer each are authorized to <br /> execute a purchase agreement with the Indiana Finance Authority or the Indiana Bond Bank <br /> reflecting such terms. <br /> (b) The Executive and the Fiscal Officer may take such other actions or <br /> deliver such other certificates and documents needed for the Refunding or the financing as they <br /> deem necessary or desirable in connection therewith. <br /> SECTION 26. Rate Ordinance. The rates and charges of the Works are set forth <br /> or described in Ordinance No. 10290-14 adopted by the Council on February 10, 2014. Such <br /> ordinance is hereby incorporated by reference as if set forth in full at this place, two copies of <br /> which are on file and available for public inspection in the office of the City Clerk pursuant to <br /> I.C. §36-1-5-4. <br /> SECTION 27. Non-Business Days. If the date of making any payment or the <br /> last date for performance of any act or the exercising of any right, as provided in this Ordinance, <br /> shall be a legal holiday or a day on which banking institutions in the City or the jurisdiction in <br /> which the Registrar or Paying Agent is located are typically closed, such payment may be made <br /> or act performed or right exercised on the next succeeding day not a legal holiday or a day on <br /> which such banking institutions are typically closed, with the same force and effect as if done on <br /> the nominal date provided in this Ordinance, and no interest shall accrue for the period after such <br /> nominal date. <br /> SECTION 28. No Conflict. The Council hereby finds and determines that the <br /> adoption of this Ordinance and the issuance of the 2015 Bonds are in compliance with the Prior <br /> Ordinances. The Prior Ordinances shall remain in full force and effect. All ordinances and <br /> resolutions and parts thereof in conflict herewith, except the Prior Ordinances, are to the extent <br /> of such conflict hereby repealed. None of the provisions of this Ordinance shall be construed to <br /> adversely affect the rights of the owners of any bonds ranking on parity with the 2015 Bonds. <br /> 21 <br />
The URL can be used to link to this page
Your browser does not support the video tag.