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1982-034
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1982-034
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Last modified
3/10/2023 3:03:58 PM
Creation date
3/10/2023 3:03:34 PM
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Resolutions
Resolution Number
1982-034
Approved Date
02/17/1982
Subject
Approving Industrial Dev. Revenue Bonds
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40 <br />40 <br />required, and the obligation to repair and maintain at his own <br />expense the Project; and the Proprietor is desirous of serving <br />the purposes of the Act and Is willing and capable of fully per- <br />forming all other obligations -and responsibilities.imposed upon <br />him by the proposed Agreement and Note. <br />F. The Issuer is able to cope satisfactorily with the <br />impact,of the Project, and all the necessary public facilities, <br />utilities and services that will be necessary for the construc- <br />tion, operation, repair and maintenance of the Project and on <br />account of any increase in population or other circumstances <br />resulting by reason of the location of the Project within the <br />territorial limits of the Issuer, are available now or can be <br />provided when needed. <br />G. Adequate provision will be made under the provisions <br />of the proposed Agreement for the repair and maintenance of the <br />Project at the expense of the Proprietor, and for the payment of <br />the principal of, premium, if any, and interest on the bonds. <br />H. The principal of, premium, if any, and interest on <br />the bonds shall be payable solely from the proceeds derived by <br />the Issuer under the proposed Agreement and Note, and any <br />guaranty of such payment obligations by Rampmaster, Inc., and the <br />Issuer shall never be required to levy ad valorem taxes on any <br />property within its territorial limits to pay the principal of, <br />premium, if any, and interest on the bonds or to make any other <br />-4- <br />
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