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Authorizing the Issuance of Revenue Bonds re: improvements to the Waterworks, not to exceed Twenty-Two Million Five hundred thousand dollars (22,500,000); including the issuance of notes in anticipation of Bonds.
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Authorizing the Issuance of Revenue Bonds re: improvements to the Waterworks, not to exceed Twenty-Two Million Five hundred thousand dollars (22,500,000); including the issuance of notes in anticipation of Bonds.
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9/24/2009 2:28:11 PM
Creation date
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
6/23/1997
Ord-Res Number
8801-97
Bill Number
52-97
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above, the Fiscal Officer may negotiate the sale to the Indiana Bond Bank upon such terms as are <br />acceptable to the Executive and the Fiscal Officer and as are authorized by law for such sale, and <br />the Executive and the Fiscal Officer each are authorized to execute a purchase agreement with the <br />Indiana Bond Bank reflecting such terms. <br />(b) The Executive and the Fiscal Officer may take such other actions or deliver <br />such other certificates and documents needed for the Project or the financing as they deem <br />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 an ordinance adopted by the Council on the date of adoption of this Ordinance. <br />Such ordinance is hereby incorporated by reference as if set forth in full at this place, two copies <br />of 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~ay . If the date of making any payment or the last <br />date for performance of any act or the exercising of any right, as provided in this Ordinance, shall <br />be a legal holiday or a day on which banking institutions in the City or the jurisdiction in which <br />the Registrar or Paying Agent is located are typically closed, such payment may be made or act <br />performed or right exercised on the next succeeding day not a legal holiday or a day on which <br />such banking institutions are typically closed, with the same force and effect as if done on the <br />nominal date provided in this Ordinance, and no interest shall accrue for the period after such <br />nominal date. <br />SECTION 28. No~.onflici. The Council hereby finds and determines that the <br />adoption of this Ordinance and the issuance of tl~e 1997 Bonds is in compliance with the Parity <br />Ordinance. The Parity Ordinance shall remain in full force and effect except as otherwise <br />provided in Section 14 of this Ordinance. All ordinances and resolutions and parts thereof in <br />conflict herewith, except tl~e Parity Ordinance (except as provided in Section 14 hereof), are to <br />the extent of such conflict hereby repealed. None of the provisions of this Ordinance shall be <br />construed to adversely affect the rights of the owners of the Parity Bonds. <br />SECTION 29. Se~terability. If any section, paragraph or provision of this <br />Ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or <br />unenforceability of such section, paragraph or provision shall not affect any of the remaining <br />provisions of this Ordinance. <br />SECTION 30. Interpretation. Unless the context or laws clearly require otherwise, <br />references herein to statutes or other laws include the same as modified, supplemented or <br />superseded from time to time. <br />SECTION 31. Effectiveness. This Ordinance shall be in full force and effect from <br />and after its passage and compliance with the procedures required by law. <br />-28- <br />
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