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1993-145
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1993-145
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Last modified
7/29/2020 3:13:16 PM
Creation date
7/29/2020 2:54:47 PM
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Resolutions
Resolution Number
93-145
Approved Date
08/17/1993
Resolution Type
authorizing
Subject
Authorizing retirement of outstanding recreational Revenue Bonds $9,875,000
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ysw h <br />rpt <br />C. The value of the above investments shall be determined as follows: <br />"Value", which shall be determined as of the end of each month, means that the value of <br />any investments shall be Calculated as follows: <br />a) as to investments the bid and asked prices of which are published on a <br />regular basis in The Wall Street Journal (or, if not there, then in The New <br />York Times): the average of the bid and asked prices for such investments <br />so published on or most recently prior to such time of determination; <br />b) as to investments the bid and asked prices of which are not published on <br />a regular basis in The Wall Street Journal or The New York Times: the <br />average bid price at such time of determination foi such investments by any <br />two nationally recognized government securities dealers (selected by the <br />Trustee in its absolute discretion) at the time making a market in such <br />investments or the bid price published by a nationally recognized pricing <br />service; <br />C) as to certificates of deposit and bankers acceptances: the face amount <br />thereof, plus accrued interest; and <br />d) as to any investment not specified above: the value thereof established by <br />prior agreement between the Issuer, the Trustee and AMBAC Indemnity <br />Corporation. <br />Page 3 of 3 pages <br />
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