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1989-139
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1989-139
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Last modified
3/28/2022 12:26:14 PM
Creation date
3/28/2022 12:21:07 PM
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Resolutions
Resolution Number
1989-139
Approved Date
10/24/1989
Resolution Type
Authorizing the Issuance, Sale and Delivery of Bonds
Subject
Authorizing the Issuance, Sale and Delivery of Bonds of $913,000
Aggregatre Principal Amount of Industrial Development Revenue Bonds, Series 1989
to Profold, Inc. Project to finance costs of acquisition
and construction of manufacturing facility
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40 <br />Indenture. The Bonds shall be dated as of October 1, 1989, but shall bear <br />interest at the rate of 7.00% per annum (subject, however, to adjustment upon <br />the occurrence of certain events as provided in the Indenture) from such date <br />not earlier than October 1, 1989, as shall be set forth therein. The Bonds <br />shall be in fully registered form, shall be numbered consecutively, as issued, <br />beginning with the number R-1, and shall be stated to mature on December 1, <br />2009, The form, terms and provisions of the Bonds, including denominations, <br />principal payment dates and principal and installments, and the provisions for <br />tha execution, authentication, payment, registration, transfer and exchange <br />thereof, shall be as set forth in the Indenture hereinafter approved. <br />SEC'T'ION 5. REDEMPTIOS S . In the manner and <br />with the effect provided Ln the Indenture, the Bonds shall be subject to <br />optional, mandatory and extraordinary redemption prior to maturity, all as set <br />forth in the form of the Bonds and the Indenture. <br />SECTION 6. BONDITOLDERIS 't)" 0 The Registered Owners of the <br />Bonds shall have the option to require that principal, but not more than the <br />Maximum Put Amount, as such phrase is defined in Article VII of the Indenture, <br />be redeemed on December 1 of each year, beginning with December 1, 1990, <br />subject, however, to the further provisions set forth in the Indenture, <br />including the requirement that prior written request for such redemption be <br />made, all as more fully shall be provided in the Indenture. <br />SECTION 7. BONDS TO BE SPECTA( OBLIGATIONS OF THE COUNTY. The <br />Bonds shall be special obligations of the County, payable solely from the <br />- 6 - <br />
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