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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
Creation date
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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• <br />D. Notes for redemption or payment of which funds then shall be <br />held by the Paying Agent, or then shall have been provided for in the <br />manner specified in Subsection 9D; Provided, however, that notice of <br />such redemption, if applicable, shall have been given or provision <br />satisfactory to the Paying Agent shall have been made therefor or <br />written waivers of such notice shall have been received as provided <br />herein; and <br />E. Notes which shall have been purchased and paid for by the <br />Issuer or by the Paying Agent in behalf of the Issuer but which shall <br />not have been delivered for cancellation or destruction. <br />The foregoing, however, is subject to the condition that for purposes <br />of reference to Holders of a particular percentage of Notes there shall be <br />excluded Notes, if any, held by the Issuer. <br />"Paying Agent" means a bank in the State, authorized to act as <br />registrar and paying agent, and which shall also be the authorized depository <br />for the Construction Fund. <br />"Person" means an individual, a partnership, an association, a corpo- <br />ration, a joint stock company, a trust, an unincorporated association, a govern- <br />mental body, a political subdivision, a municipality, a municipality authority <br />or any other group or entity. <br />"Record Date" means the fifteenth (15th) day next preceding each <br />interest payment date on the Notes. <br />"Registered Owner" means a Person in whose name any Note shall be <br />registered by the Paying Agent on books of the Issuer to be kept for that <br />purpose in accordance with provisions hereof and of such Note. <br />"Resolution" means this Resolution and all irxxiifications, alterations, <br />ameix6r�ents and supplements hereto made and delivered in accordance with <br />-3- <br />
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