Laserfiche WebLink
The Additional Parity Obligations shall be dated March 1 <br />or September 1 of the year of issuance thereof, shall bear interest <br />payable semiannually on March 1 and September 1 of each year, and <br />shall mature on September 1 of the year of maturity thereof. <br />S. COMPLETION OF PROJECT. The Issuer will complete the <br />project in an economical and efficient manner and with all practicable <br />dispatch. <br />T. MANAGER OF FACILITIES. The Issuer in operating the <br />Facilities will employ a manager of demonstrated ability and ex- <br />perience and will require all employees who may have possession of <br />moneys derived from operation of the Facilities to be covered by a <br />fidelity bond written by a responsible indemnity company in an amount <br />sufficient to protect the issuer from loss. <br />U. CONNECTIONS tWITH FACILITIES. The Issuer. will, to the <br />full extent permitted by law, require persons within: the limits of <br />the Issuer who can use the services of th•a Facilities to utilize <br />such services immediately upon availability and to cease the use <br />of all other means and methods similar to the services furnished by <br />the Facilities. <br />V. <br />V. NO IMPAIRMEtWT OF CONTRACT. The Issuer has full power <br />and authority to irrevocably pledge the Revenue Sharing `frust Funds, <br />as defined, to the payment of the principal of and interest on the <br />Obligations. The pledge of the Revenue Sharing Trust Funds in the <br />manner provided herein shall not be subject to repeal, modification <br />or impairment by any subsequent act of the Issuer without and unless <br />the Issuer makes immediately available such additional or supplementary <br />funds which shall be sufficient to retire the Obligations and interest <br />thereon in accordance with their terms. <br />The Issuer shall be unconditionally and irrevocably obligated, <br />so long as any of the Obligations or the interest thereon are out- <br />standing and unpaid, to take all lawful action necessary or required <br />to continue to entitle the Issuer to receive the Revenue Sharing Trust <br />Funds in the same amounts and at the same rates as now provided by <br />law to pay the principal of and interest on the Obligations and to <br />make the other payments provided for herein. The Issuer shall always <br />