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1986-036
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1986-036
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5/18/2023 10:50:51 AM
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• <br />B. Appointment of Paying Agent. The Issuer shall <br />appoint by subsequent resolution the Paying Agent, as paying <br />agent and registrar with respect to any Notes Outstanding <br />hereunder. <br />C. Dities of Paying Agent. The Paying Agent shall pay <br />the principal of and interest on the Notes in behalf of the <br />Issuer and shall maintain such records and perform such <br />other duties in behalf of the Issuer as shall be provided <br />for herein and in the Notes. <br />D. Co -Paying Agent Authorized. The Issuer, in its <br />discretion, may appoint a co -paying agent in order to comply <br />with the requirements of any purchase contract for the <br />purchase of the Series 1986 Notes. <br />SECTION 6. M CERN I I K; THE NOM -S. <br />A. Authorization of Series 1986 Notes. There is <br />authorized for issuance hereunder initially a series of <br />Notes, which series shall constitute the Series 1986 Notes, <br />in the maxim m aggregate principal amount not to exceed <br />$9,200,000. <br />The Series 1986 Motes shall be designated <br />specifically as "Plater and Sewer Revenue [fonds, Series 1986, <br />Anticipation Notes". <br />The Series 1986 Notes shall be issued initially in <br />definitive form, shall be dated for convenience as of a date <br />to be determined by the Issuer, shall be in fully registered <br />-7- <br />
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