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10A Action Items 2018 1105
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10A Action Items 2018 1105
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10/30/2018 7:09:23 PM
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10/30/2018 7:09:16 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
11/5/2018
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PERM
Document Relationships
PFA Reso 2018-002
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2018
Reso 2018-135
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2018
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<br />5 <br />forth in Appendix B-1 attached hereto and by this reference incorporated herein, with necessary <br />or appropriate variations, omissions and insertions, as permitted or required by this Indenture. <br /> <br />The Chairman or the Executive Director of the Authority shall execute, and the Secretary <br />of the Authority shall attest each 2018 Bond. Either or both of such signatures may be made <br />manually or may be affixed by facsimile thereof. If any officer whose signature appears on any <br />2018 Bond ceases to be such officer before the Closing Date, such signature will nevertheless <br />be as effective as if the officer had remained in office until the Closing Date. Any 2018 Bond <br />may be signed and attested on behalf of the Authority by such persons as at the actual date of <br />the execution of such 2018 Bond are the proper officers of the Authority, duly authorized to <br />execute debt instruments on behalf of the Authority, although on the date of such 2018 Bond <br />any such person was not an officer of the Authority. <br /> <br />Only those 2018 Bonds bearing a certificate of authentication in the form set forth in <br />Appendix B-1, manually executed and dated by the Trustee, are valid or obligatory for any <br />purpose or entitled to the benefits of this Indenture, and such certificate of the Trustee is <br />conclusive evidence that such 2018 Bonds have been duly authenticated and delivered <br />hereunder and are entitled to the benefits of this Indenture. <br /> <br />SECTION 13.04. Application of Proceeds of Sale of 2018 Bonds. Upon the receipt of <br />payment for the purchase price of the 2018 Bonds in the amount of $_________ (constituting <br />the par amount of the 2018 Bonds, plus net original issue premium in the amount of <br />$________, less the discount of the Original Purchaser in the amount of $_________), on the <br />Closing Date, the Trustee shall deposit the proceeds thereof as follows: <br /> <br />(a) The Trustee shall deposit the amount of $________ into the 2018 Costs of <br />Issuance Fund. <br /> <br />(b) The Trustee shall deposit the amount of $_________, constituting the <br />remainder of such proceeds and representing the full amount of the Site <br />Lease Payment due on the Closing Date for the 2018 Bonds, to the Project <br />Fund. <br /> <br />SECTION 13.05. Establishment and Application of 2018 Costs of Issuance Fund. The <br />Trustee shall establish, maintain and hold in trust a separate fund designated as the “2018 <br />Costs of Issuance Fund” into which the Trustee shall deposit a portion of the proceeds of sale <br />of the 2018 Bonds under Section 13.04(a). The Trustee shall disburse amounts in the 2018 <br />Costs of Issuance Fund from time to time to pay the Costs of Issuance upon submission of a <br />Written Requisition of the Authority stating the person to whom payment is to be made, the <br />amount to be paid, the purpose for which the obligation was incurred and that such payment is <br />a proper charge against said fund. Each such Written Requisition of the Authority shall be <br />sufficient evidence to the Trustee of the facts stated therein and the Trustee shall have no duty <br />to confirm the accuracy of such facts. The Trustee may conclusively rely on such Written <br />Requisitions and shall be fully protected in relying thereon. On _____, 2019, or upon the earlier <br />Written Request of the Authority, the Trustee shall transfer all amounts remaining in the 2018 <br />Costs of Issuance Fund to the Interest Account and shall thereupon close the 2018 Costs of <br />Issuance Fund. <br />
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