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1997-082
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1997-082
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Last modified
10/25/2015 11:52:30 PM
Creation date
9/16/2015 12:34:27 PM
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Resolutions
Resolution Number
1997-82
Approved Date
08/19/1997
Resolution Type
Industrial Development Revenue Bonds
Entity Name
Ocean Spriay Cranberries Inc
Subject
Authorize issuance Revenue Bonds Series 1997
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q� <br /> I <br /> IMS <br /> 98% of the aggregate principal amount of such Bonds is hereby <br /> approved to the Underwriter upon substantially the terms and <br /> conditions set forth in the Bond Purchase Agreement, which is <br /> hereby approved in substantially the form attached hereto as <br /> Exhibit C. The Bond Purchase Agreement, with such changes, <br /> alterations and corrections as may be approved by the Chairman or <br /> Vice Chairman, such approval to be presumed by such execution <br /> thereof, is hereby approved by the County, and the County hereby <br /> authorizes said Chairman or vice Chairman to execute and deliver <br /> (attested by the Clerk or an Assistant Clerk of the County) , said <br /> Bond Purchase Agreement in the name of and on behalf of the County, <br /> all of the provisions of which, when executed and delivered by the <br /> County as authorized herein shall be deemed to be a part of this <br /> instrument as fully and to the same extent as if incorporated <br /> verbatim herein. Award of the Bonds to the Underwriter with the <br /> net interest rate for the Initial Adjustment period on the Bonds <br /> not exceeding 6.008 per annum (or the maximum lawful rate, <br /> whichever is less) , and maturities on the Bonds being not later <br /> than the year 2027, may be approved by the Chairman or Vice <br /> Chairman as attested by the Clerk or an Assistant Clerk of the <br /> County without need of further authorization of ,the County. The <br /> Bonds are hereby sold to the Underwriter (subject to such <br /> conditions) in the amount, at the price and upon the final terms <br /> set forth in the Bond Purchase Agreement as may be approved by the <br /> Chairman or Vice Chairman as attested by the Clerk or an Assistant <br /> Clerk. <br /> 5 <br />
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