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1983-102
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1983-102
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Last modified
3/28/2023 3:08:25 PM
Creation date
3/28/2023 3:04:57 PM
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Resolutions
Resolution Number
1983-102
Approved Date
10/19/1983
Subject
Providing for the financing of the acquition construction & equipment of a
120 Bed Nursing Home Facility located on 37th Street, Providing for Industrial
Development Revenue Bonds (Florida Health Facilities Project)
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TABL~ OF CONTENTS (Continued) <br />ARTICLE V <br />COLLECTION !\ND APPLICATION OF PAYMENTS <br />AND REVENUES OP THE PROJECT: <br />!30ND FUND r REDEMP'rION ACCOUNT: <br />I NVESTMEN'l' OI:' l~UNDS <br />Section 5.1. Dond Fund <br />s~ction 5.2. Release of Funds Upon Payment of Bonds • <br />S~ction 5.J. Trustee as Paying Agent and Registrar <br />. 40 <br />41 <br />41 <br />Sect.ion 5,4. Payinents Due on Sundays and Holidays • • • • 41 <br />Secti~n S.S. Security for Funds •• <br />Section S.G, Investments of Project Fund <br />Section 5.7. Investment of Money in Bond Fund <br />Section 5.8. Trustee's Responsibility <br />Section 5.9. Arbitrage Provision <br />41 <br />42 <br />42 <br />42 <br />43 <br />Section 5. 10. Investment Through Trustee's Bond Department 43 <br />ARTICLE VI <br />COVENANTS BY TH~ ISSUER <br />Section 6.1. To Pay Principal, Premium and Interest of <br />Bonds . , •• <br />Section 6.2. Acyuisition of Project <br />Section 6,3, Cooperation with Borrower <br />• 44 <br />44 <br />44 <br />Section G, ➔, Covenants and Representations 44 <br />Section 6.5. Right to Finance Project; Instruments of <br />Further Assurance; Recording of Instruments 44 <br />Section 6.6. Rights Under Loan Agreement 45 <br />-iii-
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