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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
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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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for the payment of C3onds, and such □onds shall be deemed to have <br />been paid and to be no longer Outstanding hereunder as provided <br />in this Section, but such Donds shall not have in fact actually <br />been paid in full, no amendment to the provisions of this Article <br />shall be made without the cons~nt of the holder of each Bond <br />affected thereby. <br />The Issuer may at any time su rrender to the Trustee <br />for cancellation by it any Bonds previously executed and deli- <br />vered, which the Issuer may have acquired in ~ny manner whatever, <br />and such Bonds upon such surrender for cancellation shall be <br />deemed to be paid and no longer Outstanding hereunder . <br />Section 12.2 Bonds Not Pre sented for Payment When Due: <br />Money Held fo r the Oonds after Due Date . Subject to the provi- <br />sions of the next sentence of this paragr aph, if any Dond shall <br />not be presented for payment when the principal thereof shall <br />become due, whether at ma t urity or at the date fixed for the <br />r edemption or upon declaration as provided in section 9.2(a) <br />hereof, or otherwise, and if money or Investment Securities shall <br />at such due <late be held by the Trustee and Paying Agent <br />therefor, in trust for that purpose sufficient and available to <br />pay the principal and the premium, if any, of such Bond, together <br />with all interest due on such principal to the due date thereof <br />or to the date fixed for redemption, as the case may be, all <br />liability of the I ssuer for such payment shall forthwith cease, <br />determine and be completely discharged, and thereupon, it shall <br />be the duty of the •rrustee and Payin'] A-Jent. to hold such money or <br />Investment Securities without liability to the holder of such <br />Bond for interest thereon, in trust for the benefit of the holder <br />of such Oond, who thereafter shall be restricted exclusively to <br />such money or Investment Securities fo r any claim of whatever <br />nature on his part on or with respect to such Bond, inc luding any <br />claim for the payment thereof. Any such money or Investment <br />Securities held by the Trustee and Paying Agent rema ining <br />unclaimed by the holders of such Bonds and coupons for 6 ye~rs <br />after the principal of the respective Bonds with respect to which <br />such money or [nvestment Securities have been so set aside has <br />become due and payable (whether at maturity or upon redemption or <br />by declaration as provided in Section 9.2(a) hereof or otherwise) <br />shall upon the written re4uest of the Issuer be paid to the <br />Issuer, against its written recei pt therefor, an,l the holders of <br />such Bonds shall thereafter be en titled to look only to the <br />Issuer l:or payment thereof. Be fore being required to make .-rny <br />such payment to the Issuer, the 'l'custee and Paying Ag ent may, at <br />the expense of the Issuer, mail or publish !:luch notice as mny be <br />deeme<.1 appropriate by such •rrustee a,1d Paying A.gent, listing the <br />Ilonds so payable and not presented .-inu stating that such money <br />-74-
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