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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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of such □onJs, or portions thereof, so called, at their respec- <br />tive 1Jdresses as the same shall last appear on the i3ond Register: <br />but. the :nail in::; of such notice shall not be a cond:l tion precedent <br />to such reJemption, and failure so to mail such notice shall not <br />,:itf'?ct the validity of such call for redemption. Any notice in <br />this [nJant.ure i:-equired may be omitted if the holders of all the <br />:J sin,ls ~a.llad Ear redemption give to the Trustee a written waiver <br />o.:: :.:;uch notice. <br />ln case, by reason of the s•1spension of or irregulari- <br />ties Ln regular mail service, it shall be impractical to mai l <br />not.i~c to the registered owners of registered aonds, then any <br />:;iannei:-,.J.t <Jiving such not.ice as shall be satisfactory to the <br />Tr~st.ce :.:;hall be deemed sufficient giving of such notice. <br />Section 8.4 Redemption. If notice of redemption has <br />been Jl~en d5 provided in Section 8.3 of this Indenture, the <br />JonJs Jr 9ortions thereof called for redemption shall be due and <br />pay.io lt! ,m the Redemption Date at the Redemption Price. Payment <br />~i the ~edemption Price shall be made by the Trustee upon <br />surr,~nder :d: such Bonds. The principal and premium, if any, on <br />3on,ls ~~ be redeemed shal 1 be paid out of the Re d emption Account. <br />The ~X?ense of giving notice and any other expenses of redemption <br />s:iall oe [luid by the Trustee and shall constitute an l\dminis- <br />tro.ti.•:>n ~xpense. Accrued interest shall be paid out of the Bond <br />~u~d .is ?rovided in Section 5.1 of this Indenture. If there <br />Sh-ll l :)e· ..;~l led for re<lemption less than the entire unpaid prin- <br />~ipal .,,:,aunt of a Bond, the Bondholder shall, on the Redemption <br />Uat.e, submit his Bond to the Trustee for notation thereon of the <br />portion of the unpaid principal amount redeemed. <br />From ,1nd after the Redemption Date designated in such <br />notice (deposit of redemption money having been made with the <br />Trustea ~nd notice having been given or waived as aforesaid), <br />not.wiLhsto.ndin3 that any Bonds so called for redemption in whole <br />or in n.:irt shall not have been surrendered for cancellation, no <br />furt.he~ interest shall accrue upon the unpaid principal of any of <br />tha ilond s or portions thereof so c a l led foi:-redemption; and such <br />Oonds or portions thereof so to be redeemed shall cease to be <br />~ntitled to ~ny lien, benefit or security under this Indenture, <br />~nd the holders Ll1ereof shall have no rights in respect of such <br />i3on,Js ,)r r>urtions thereof except to recei.ve payment oE the <br />itetleinption Price. <br />If and when any of the Bonds are to be reJeemed pursuant <br />t.o tha pi:-ovisions of the Indenture, the Borrower shall, prior to <br />the !l.~Jemption Dat~, deposit ~r cause to be deposited with the <br />Tr..istee ,-in .J.mount in immediately ,:1.vai lable funds suffici~nt to <br />-4-9-
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