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Last modified
10/13/2025 12:21:41 PM
Creation date
10/13/2025 12:18:40 PM
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Resolutions
Resolution Number
2025-061
Approved Date
10/07/2025
Agenda Item Number
14.C
Resolution Type
Authorizing the Sale of Recenue Bonds
Entity Name
Sandridge Golf Club
Subject
Authorizing Capital Revenue Bonds for the Sandridge Golf Club new clubhouse.
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the respective dates upon which they became due, and, if the amount available shall <br />not be sufficient to pay in full Bonds due on any particular date, together with such <br />interest, then to the payment first of such interest, ratably according to the amount <br />of such interest due on such date, and then to the payment of such principal, ratably <br />according to the amount of such principal due on such date, to the Persons entitled <br />thereto without any discrimination or preference; and <br />THIRD: to the payment of the Redemption Price of any Bonds called for <br />optional redemption pursuant to the provisions of this Resolution. <br />(2) If the principal of all the Bonds shall have become due and payable, all such moneys <br />shall be applied to the payment of the principal and interest then due and unpaid upon the Bonds, <br />with interest thereon as aforesaid, without preference or priority of principal over interest or of <br />interest over principal, or of any installment of interest over any other installment of interest, or of <br />any Bond over any other Bond, ratably, according to the amounts due respectively for principal <br />and interest, to the Persons entitled thereto without any discrimination or preference. <br />(REMAINDER OF PAGE INTENTIONALLY LEFT BLANK) <br />29 <br />
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