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2023-004
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2023-004
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Last modified
2/10/2023 3:19:54 PM
Creation date
2/10/2023 3:13:36 PM
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Template:
Resolutions
Resolution Number
2023-004
Approved Date
01/31/2023
Agenda Item Number
8.N.
Resolution Type
General Obligation Bond
Subject
General Obligation Bonds issuance $50,000,000 to finance cost of acquiring
& preserving environmentally sensitive lands
Document Relationships
2024-023
(Cover Page)
Path:
\Resolutions\2020's\2024
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TABLE OF CONTENTS <br />ARTICLE I <br />GENERAL <br />SECTION 1.01. <br />DEFINITIONS.............................................................................................1 <br />.........................................................................28 <br />SECTION 1.02. <br />AUTHORITY FOR RESOLUTION...........................................................7 <br />SECTION 1.03. <br />RESOLUTION TO CONSTITUTE CONTRACT......................................7 <br />SECTION 1.04. <br />FINDINGS...................................................................................................7 <br />SECTION 5.05. <br />ARTICLE II <br />AUTHORIZATION, TERMS, SALE, EXECUTION AND REGISTRATION OF BONDS <br />SECTION 2.01. <br />AUTHORIZATION OF BONDS................................................................9 <br />SECTION 2.02. <br />EXECUTION OF BONDS..........................................................................9 <br />SECTION 2.03. <br />AUTHENTICATION................................................................................10 <br />SECTION 2.04. <br />TEMPORARY BONDS............................................................................10 <br />SECTION 2.05. <br />BONDS MUTILATED, DESTROYED, STOLEN OR LOST .................10 <br />SECTION 2.06. <br />INTERCHANGEABILITY, NEGOTIABILITY AND TRANSFER .......1 <br />1 <br />SECTION 2.07. <br />FORM OF BONDS................................................................................... <br />l 2 <br />ARTICLE III <br />REDEMPTION OF BONDS <br />SECTION 3.01. PRIVILEGE OF REDEMPTION..............................................................20 <br />SECTION 3.02. SELECTION OF BONDS TO BE REDEEMED......................................20 <br />SECTION 3.03. NOTICE OF REDEMPTION....................................................................20 <br />SECTION 3.04. REDEMPTION OF PORTIONS OF BONDS..........................................21 <br />SECTION 3.05. PAYMENT OF REDEEMED BONDS.....................................................21 <br />SECTION 3.06. PURCHASE IN LIEU OF OPTIONAL REDEMPTION .........................22 <br />ARTICLE IV <br />SECURITY, SPECIAL FUNDS AND APPLICATION THEREOF <br />SECTION 4.01. GENERAL OBLIGATIONS OF THE ISSUER.......................................23 <br />SECTION 4.02. PROJECT FUND.......................................................................................23 <br />SECTION 4.03. CREATION OF SINKING FUND; APPLICATION OF AD <br />VALOREMTAX......................................................................................24 <br />SECTION 4.04. REBATE FUND........................................................................................26 <br />SECTION 4.05. INVESTMENTS........................................................................................26 <br />SECTION 4.06. SEPARATE ACCOUNTS.........................................................................26 <br />ARTICLE V <br />COVENANTS OF THE ISSUER <br />SECTION 5.01. <br />BOOKS AND RECORDS <br />.........................................................................28 <br />SECTION 5.02. <br />ANNUAL BUDGET.................................................................................28 <br />SECTION 5.03. <br />ANNUAL AUDIT.....................................................................................28 <br />SECTION 5.04. <br />NO IMPAIRMENT...................................................................................28 <br />SECTION 5.05. <br />OTHER MONEYS....................................................................................28 <br />i <br />
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