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1987-144
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1987-144
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9/2/2022 9:39:12 AM
Creation date
9/1/2022 9:53:28 AM
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Resolutions
Resolution Number
1987-144
Approved Date
12/08/1987
Subject
Authorizing the execution and delivery of a Note Purchase Agreement
of $9,200,000 aggregate principal amount of water & sewer revenue bonds
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by their express terms but which shall not have been <br />surrendered for payment; <br />C. ti, <br />tes in substitution for which other klotrs ahatl <br />have been authenticated and dnI.ivered ptIrsuAnt to provision, <br />hereof; <br />D. Notps for reder.ptinn nc payment of which funds <br />then shall be held by th, Paying Ascent, or then shall have <br />bpPn provided for in the manner sprr,ifir-1 In Sub.sec.tion ?D <br />of the Note F?eFnitrr,ion: provides, however, that notire of <br />such redemption, 1f appl.icahlp, :shall have bApn .;Lvpn or <br />provision sattara;tnry to the Paytn,_l A ,rnt snaL[ h -iv#! t,epn <br />made therefor or written war.vers of such nor-ir.p .=h ll. have <br />bPPn tn':eivert a.r; hAr.pin; an: -1 <br />F:. tlotr, whtch shall have barn E,urfhas4,s .ancl F,.aid far <br />by t.hr County �r by the Paying Arent in behalf of the CTouri <br />but: "hic:h shall. not: havo Aeon drl.ivrrr-1 for arerp[lation of <br />destruction. <br />Tkrp foragoirul, h:,wever. is sut,jpc:t to the con-lit.Lorr, <br />that. for 1."PE 7)nes of rnferpnnR to Molders r,f a FIA rtler.rlar <br />perc:pntag� of Notes t;hprr .shall bo 4xr.[ttip,3 F1',tr. If any, het,l <br />by the County. <br />"Payinq Agent" steam a bank Ln t.ttp <br />Act as 'A1inttar and paying agent, and wtsL�gh .t:ttgLL sign Fre thn <br />authot izerl depository for the Construe:t inn Fosn I. <br />"Person" mranb an Indivt.diral, a partnership, art <br />association, a cozW-)"at.ton, A joint strvk company, a trrr=:t. Att <br />unincorporated assoclat.lon, a governmental body, a political <br />subdivision, a municipality, a munl(:ipaLity autktority nc rty <br />Other group or entity. <br />"Record L)at.e" means the fifteprith (15th) day ttext. <br />preceding each :interest payment date on the Notes. <br />"Registered Owner" means a Persnrl in whose name any <br />Note shall be registered by the PaYinq Agent on books of the <br />County to be kept for that purpose in accordance with provisions <br />of the Note Resolution and of such Note. <br />"Renewal and Replacement Fund" shall mean the Account <br />crested pursuant to the provisions of Section 3.04(E) of the <br />Original Resolution, into which Gross Revenues shall be deposited <br />for the purpose of financing renewals and replacements to the <br />System. <br />A-4 <br />
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