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1982-140
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1982-140
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Last modified
3/20/2023 11:08:48 AM
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3/20/2023 11:08:15 AM
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Resolutions
Resolution Number
1982-140
Approved Date
12/23/1982
Subject
Fixing the maturity & interest payment dates for an $850,000 Industrial Develop
Revenue Bonds, Series 1982 (Rampmaster Project)
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D <br />warranties had been made on and as of such Closing Time, and the <br />Company shall not be in default under the Lease or this Agreement <br />(assuming the same to have been effective and binding instruments <br />from the date hereof) and the Company shall have delivered to the <br />Bondholder a certificate dated as of the Closing Time executed by <br />the President or a Vice -President of the Company to the effect set <br />forth above. <br />(k) All recordings and filings of, or with respect to, <br />the Loan Agreement, the Lease, the Lease Assignment, the Mortgage <br />and Security Agreement and the Assignment of Rights and all <br />necessary or appropriate financing statements relating thereto, <br />shall have been duly recorded or filed in all such places as may <br />be required by law, or as may be deemed necessary or desirable by <br />the Bondholder, in order to establish, preserve, protect and per- <br />fect the interest and rights created or intended to be created <br />thereby. <br />(1) A complete set of the Plans and Specifications <br />(as defined in the Agreement and referred to in Section 3.4) for <br />the Project shall have been delivered to the Bondholder. <br />(m) The Bondholder shall have received a plat of <br />survey of the Project Site, prepared and certified to by a <br />registered land surveyor satisfactory to the Bondholder, prepared <br />in compliance with the minimum standard detailed requirements for <br />land title surveys as adopted by the American Land Title <br />Association. <br />(n) That the General Contractor for the building of the <br />Project shall have delivered a Payment and Performance Bond in a <br />form satisfactory to the Bondholder. <br />Section 5. Conditions of the County's Obligations. The <br />issuance by the County of the Bond is subject to the conditions <br />set forth in Section 4 hereof and to the receipt by the County of <br />the opinions of counsel substantially in the forms of Exhibits <br />hereto, and of its bond issuance expenses, in an <br />amount equal to the fees and expenses of Bond Counsel, then due <br />and payable by the Proprietor, and other expenses incurred by the <br />County with respect to the issuance of the Bond. Amounts derived <br />from Bond proceeds that are to be used to pay the expenses <br />referred to in this Section shall be held by the Escrowee pursuant <br />to the Escrow Agreement. <br />Section 6. Execution. The Bond shall be executed on <br />behalf of the County by the Chairman of the Board of County Com- <br />missioners of the County, and shall have impressed thereon the <br />i official seal of the Board of County Commissioners of the County <br />attested by the Clerk of the Board of County Commissioners of the <br />County. In case any officer whose signature shall appear on the <br />-B- <br />
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