HomeMy WebLinkAboutNo. 0072 authorizing the execution/delivery of a certain project temporary loan note in connection with project No. INDIANA R-29SAS va4x #72
H -3057
(7 -57)
RESOLUTION AUTHORIZING THE EXECUTION
AND DELIVERY OF A CERTAIN PROJECT
TEMPORARY LOAN NOTE IN CONNECTION
WITH PROJECT NO. 1 !►, &#Q2
WIEREAS the CitV of squth Seed, D? ant of Ud 1
(herein sometimes called the Local Public Agency has filed or is about
to filc a requisition, together with the necessary supporting documents,
with the United States of America (herein called the "Government ") re-
questing a payment on account of the Project Temporary Loan provided for in
the Loan and Grant Contract and numbered Contract No. a" R•2$ (W) ,
(which together with all supplements, amendments, and waivers, is herein
called the "Loan and Grant Contract ") by and between the Local Public
Agency and the Government, said Loan and Grant Contract being in connection
with a certain project of the Local Public Agency designated therein; and
WHEREAS the Local Public Agency has determined to issue its Project
Temporary Loan Note as security for such payment:
NOW., THEREFORE, BE IT RESOLVED by the
of the City Of ISOUth mod, t Of R' ' 'follows:
1 That pursuant to the provisions of a Resolution, entitled:
001 t.im Authorizing the 1e0v=00 Of aortain fteOctleavorazy
d p3 *V:Ld1=q got tho Soc=jty fSW the ymat Vh t, and ft
ear Wiese
duly a opted by the Local Public Agency on the Ifth day of S0rt+4W
19. the
ant r±# f*-er 01& of t e of
are he e y authorized and directed to prepare -andaqd execute a note, auth rized/S 3'
by said Resolution, in the principal amount of de vxmdz" /Bond
Dollars ($3,00#000-00 , or,
if the Government shall only approve said requisition for a lesser amount,
in the lesser amount so approved by the Government. Such note shall bear
intere t from the date of the acceptance of the Local Public Agency's
delivety thereof and the payment therefor by the Government; shall be
- 1 -
It. -3057 (Con-)
(7 -57)
dated the Ifth day of 522IM&M 19 a shall be designated
Project Temporary Loan Note No. shall bear a statement at the foot
thereof in substantially the following form:
"Delivery of this Note was accepted and.payment therefor
made on the day of , 19 .
UNITED STATES OF AMERICA
Housing and Home Finance Administrator
By
9
and all not be valid until said statement is duly executed on behalf of
the overnment. The �iA�� is hereby authorized
and directed to deliver sued note to and accept payment therefor from the.
Govexnment, and the aforesaid officers are hereby authorized and directed
to dc all acts and things necessary for the execution, sale, and delivery
of such note.
2. That the proceeds of such note shall be deposited and disbursed
only in accordance with the provisions of the Loan and Grant Contract,
unless otherwise approved by the Government.
3. That this Resolution shall take effect immediately.
129
at a reguUm t"q of t1W Rewft"10 t,
b*ld 19, 1983.1 at the Offico of the 90missipa,
OPUAX Pi�e,l Sim► bond, I a.