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1986-036
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1986-036
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Last modified
5/18/2023 10:50:51 AM
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5/18/2023 10:49:46 AM
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Resolutions
Resolution Number
1986-036
Approved Date
06/18/1986
Subject
Authorizing issuance of not exceeding $9,200,000 W&S Revenue Bonds, Series 1986
Anticipation notes of IRC; providing for the payment thereof & security thereof
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n <br />Any Note issued under this Subsection shall <br />constitute an original additional contractual obligation on <br />the part of the Issuer, whether or not the Note so alleged <br />to have been destroyed, lost or stolen shall be found at any <br />time; and any Note issued under this Section shall be <br />entitled to benefits hereof, in the manner, to the extent <br />and subject to conditions provided herein. <br />All Notes surrendered to the Paying Agent for <br />purposes of payment, redemption, exchange, transfer or <br />substitution shall be cancelled and destroyed by the Paying <br />Agent and the Paying Agent shall furnish the Issuer with a <br />certificate of cancellation and destruction; Provided, <br />however, that the Paying Agent, upon request of the Issuer, <br />in lieu of such cancellation and destruction, may cancel <br />such Notes and deliver the same to the Issuer. <br />SECTION 7. CCW-F--FNING CCt\ISTT4.CT I CN. The Issuer covenants that it <br />will proceed with all reasonable dispatch to construct, acquire and ccn-plete the <br />Project, and that in connection with construction related to the Project or any <br />other construction undertaken with respect to the Systuii, it will carply with <br />all present and future laws, rules, regulations, orders and requirements <br />lawfully made by any competent public body or authority now or hereafter <br />existing and having jurisdiction. <br />27- <br />
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