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1982-063
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1982-063
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Last modified
3/13/2023 1:55:05 PM
Creation date
3/13/2023 1:54:44 PM
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Resolutions
Resolution Number
1982-063
Approved Date
07/07/1982
Subject
Authorizing the issuance of not exceeding $7,000,000 water & sewer revenue bonds
Series 1982A with changes as noted by the County Attorney, Pledging gross revenues
of such system, to secure payments
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$5,000 each or integral multiples thereof; and shall be dated, <br />shall bear interest at such rate or rates not exceeding the maxi- <br />mum rate fixed by applicable law, payable sem—annually, and shall <br />mature on such date and in such years, not exceeding 40 years <br />from their date, and amounts as shall be fixed by subsequent <br />resolution of the Issuer adopted prior to the delivery of the <br />Bonds. <br />The Bonds shall be issued in coupon form; shall be <br />payable to bearer unless registered as hereinafter provided; <br />shall be payable with respect to both principal and interest at a <br />bank or banks to be subsequently determined by tie Issuer prior <br />to the delivery of the Bonds; shall be payable in lawful money of <br />the United States of America; and shall bear interest from their <br />date, payable in accordance with and upon surrender of the appur- <br />tenant interest coupons as they severally mature. <br />2.03 Provisions for Redemption. The Bonds may be sub- <br />ject to redemption prior to their respective stated dates of <br />maturity, upon the terms and conditions and in the manner as may <br />be specified by subsequent resolution of the Issuer adopted prior <br />to their delivery. <br />Notice of such redemption shall be published at least 30 <br />days prior to the redemption date in a financial journal <br />published in the Borough of Manhattan, City and State of New <br />York; shall be filed with the paying agent; and shall be mailed, <br />postage prepaid, to all registered owners of Bonds to be redeemed <br />at their addresses as they appear on the registration books. If <br />the names and addresses of the holders of all the Bonds have been <br />furnished to the Issuer, the mailing of such notice to the <br />holders shall be sufficient. Interest shall cease to accrue on <br />any Bond duly called for prior redemption on the redemption date, <br />if payment thereof has been duly provided. <br />2.04 _Execution of Bonds. The Bonds shall be executed <br />in the name of the Issuer with the manual or facsimile signature <br />of the Chairman and the corporate seal. of the Issuer shall be <br />imprinted thereon, attested and countersigned with the manual or <br />facsimile signature of the Clerk; provided, that the signature of <br />one of such officers shall be manually executed thereon. In case <br />any one or more of the officers who shall have signed or sealed <br />any of the Bonds or whose facsimile signature shall appear <br />thereon shall cease to be such officer of the Issuer before the <br />Bonds so signed and sealed have been actually sold and delivered, <br />such Bonds may nevertheless be sold and delivered as herein pro- <br />vided and may be issued as if the person who signed or sealed <br />-5- <br />
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