1995-152 - Laserfiche WebLink

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Eeocars2�i a ('( "'It y h-1 I 111 -seated the Authority and has determined that it is in th® 1 -at interest of the County to authOl ze the A'jt hr,, it y t(, i-gsu- t hr Bonds to finance the Pr'agsaa_ The Authority has fntfyrrci into Interlocal Agreements with housing finance authorities in each of the other Counties, or obtained a reRolution fro- the Board of County Ccx=lssioners of such County authori7inq the impletrWntation by the Authority cf its Program within such i'uunt-y (collectively with such housing finance authorities, the "Focal Authorities"). In .addition, the Board of County commissioners of tscambia County (the 'Fitard'3 has adopte;i A r-esolution aFprovinct the issuance of the Rands. A brief descripti,Dn of the Authority, its previous single family mort9a9O programs, its previous programs (where relevant), the Bonds, the Security for the Bonds, the C;overnment National Mortgage Association Program, the Federal National Mnrtgage Association Prcclram, the Program, the Servicer and the Indenture are included in this offici.a1 Statement. The surrTaries herein do not purport to 1-e complete and are qualified in their entireties by reference to such documents, agreement=:; and pro,lram.s as m:ay be referred to herein, and the summaries herfi!in of the Sonds are further qualified in their entireties by reference to the fora, of the Bonds included in the Indenture and the provision, with respect thereto included in the aforesaid documents, copies of which are available, for inspection at the principal corporate trust. office of the Trustee. This, Official Statement is intended to provide inforzation about the Series A Bonds only prior to the Mandatary xe^--ier Date. Purchasers of the Series B Ponds on the Mandatory Tende+r €)ateo should rely on disclosure do>cu.-^ents trade Available by the Aut_hnrity at such time. Tf1E EF?IES A P(NDS Description of the Series h Bonds Tire Se r i r i 7, i r, cis will be dated as of Ica r -n 1. 1 j Y6 and all.&11 boar int*rrest at )., rates and shall mature on the dative and in the m-uots as set fonts OR the inside eowr page of this Official I ateeent . Too Series A bonds are issuable in fully regiatered l etet ors l y , without Doupolis . in doaomi nat i ons of f S . 000 or �l exult iVIO thereot . Interest as the aeries A man" ail le i n g t i a l l y on tart atter 1. 19% and t he rea t t er on Atr i t l and r crps r t • .; , h yews with the lad MUM . Scarlruet i► t it. t or ids , t lase) dror i at i on, i s We asp as t suet ee asdar t� : r „fi■t1tlsa . Me tP seg • donde call Oast antaga t tsae the tattesest asst P99686"m talar an* at n+tet set un a d it -at �'O fwhlaM w� aerw • dead as sgegastatad end r 640"4 ss of son"O est MMNwt fts4. is i446 mss• at Ami boss Imadn"et t saes go" ttR+MMt 4OW1sW GRAft • fir M . ai+MM arMt�ess isresd drsst to OAa�r a W 41646 er�a OW rr BMs • and recall eaw asaerwrt 4