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1991-151
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1991-151
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Last modified
5/15/2017 3:01:02 PM
Creation date
5/15/2017 2:41:21 PM
Metadata
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Template:
Resolutions
Resolution Number
1991-151
Approved Date
09/24/1991
Resolution Type
Utilities
Entity Name
Water and Sewer Revenue Bonds Series 1991
Subject
Bond Purchase Agreement
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Pinutw•ial Guaranty lttauralw•r <br />I ANIIirisit ' <br />1 5 'uierStmrt <br />New liwk. NV IIKEI8.4972 <br />(212) (i07.3000 <br />(800) :152-1001 <br />A GE Capita Company <br />Municipal Bond <br />New Issue Insurance Policy <br />FG1C_ <br />Bond, the stated date for payment of interest. "Nonpayment" in aspect of a Bond mans the failure of the <br />low to have provided sufficient funds to the paying agent for payment in full of all principal and interest <br />Due kr Payment on such Bond. "Notice" mans telephonic or telegraphic notice, subsequently confirmed• <br />writing, or written notice by registered or certified mail, from a Bondholder or a paying agent for <br />to financial Guaranty. "Business Day" means any day oder than a Saturday. Sunday or a <br />the Fiscal Agent is authorized by law to remain dosed. <br />In Witness Whereof, Financial Guaranty has awed this Policy to be affix <br />signed by its duly authorized officers in facsimik to become effective and Is <br />by virtue of the countersignature of its duly authorized re ftesen <br />dent <br />Authorized Representative <br />gen that it has ngnrd 11 perform the duties of Pis tt) . trot under the. I'olu <br />Authorized Meer <br />SM: Servim mark used by Financial (uunmty Insurance company ler limns• from u. panes InuyumI (:i : Cur)rvuuuu <br />Mircm 9(KK) (8N90 • <br />Page 2 of 2 <br />
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