My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Resolution No. 53-2016 - Waterworks Revenue Bonds
sbend
>
Public
>
Public Works
>
Board of Works Documents
>
2016
>
Resolutions
>
Resolution No. 53-2016 - Waterworks Revenue Bonds
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/28/2025 3:55:37 PM
Creation date
11/9/2016 2:04:14 PM
Metadata
Fields
Template:
Board of Public Works
Document Type
Resolutions
Document Date
11/8/2016
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
37
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
No action shall be taken that would impair the exclusion from gross income of interest on <br />the BANS provided by the Code (as defined in Section 24). In furtherance of the foregoing, the <br />provisions of Section 24 of this Ordinance shall apply to the BANs in the same manner as they <br />apply to the 2016 Bonds. <br />The BANS shall be subject to transfer or exchange in the same manner as the 2016 <br />Bonds, as described in Section 4, and to amendment in the same manner as the 2016 Bonds, as <br />described in Sections 22 and 23. <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 or <br />described in Ordinance No. 9656-06 adopted by the Council on February 27, 2006. 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 last date for <br />performance of any act or the exercising of any right, as provided in this Ordinance, shall be a <br />legal holiday or a day on which banking institutions in the City or the jurisdiction in which the <br />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 Conflict. The Council hereby finds and determines that the adoption <br />of this Ordinance and the issuance of the 2016 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 the Parity Bonds. <br />SECTION 29. Severability. If any section, paragraph or provision of this Ordinance shall <br />be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such <br />-29- <br />
The URL can be used to link to this page
Your browser does not support the video tag.