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1979-116
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1979-116
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2/20/2023 2:21:44 PM
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2/20/2023 2:21:16 PM
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Resolutions
Resolution Number
1979-116
Approved Date
11/21/1979
Subject
$4,350,000 Bond Issue for Renovation fo County Administration Complex
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no fixed Amortization Installment or bond redemption deposits are <br />required to be made prior to the twelve-month period immediately <br />preceding the stated date of maturity thereof. <br />G. "Term Obligations" shall mean the Obligations of a <br />series all of which shall be stated to mature on one date and <br />which shall be subject to retirement by operation of the Bond <br />Amortization Account herein established within the Bond Service <br />Fund. <br />H. "Amortization Installment", with respect to any Term <br />Obligations of a series, shall mean an amount or amounts so <br />designated which is or are established for the Term Obligations of <br />such series, provided that the aggregate of such Amortization <br />Installments for each maturity of Term Obligations of such series <br />shall equal the aggregate principal amount of each maturity of <br />Term Obligations of such series delivered on original issuance. <br />I. "Bond service requirement" for any Fiscal Year, as <br />applied to the Obligations of any series, shall mean the sum of: <br />(1) the amount required to pay the interest becoming due <br />on the Obligations of such series during such Fiscal Year, except <br />to the extent that such interest shall have been provided by <br />payments into the Bond Service Fund out of proceeds of the sale <br />of the Obligations for a specific period of time or by payments <br />of investment income into the Bond Service Fund from the Bond <br />Amortization Account or any accounts therein; <br />(2) the amount required to pay the principal of Serial <br />Obligations of such series maturing in such Fiscal Year; and <br />(3) the Amortization Installments established for the <br />maturities of. Term Obligations of such series for such Fiscal <br />Year. <br />J. "Maximum bond service requirement" shall mean, as of <br />any particular date of calculation, the bond service requirement <br />which is largest in dollar amount for the then current or any <br />future Fiscal Year. <br />K. "Holder of Obligations" or "Holders" or any similar <br />-2- <br />
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