Laserfiche WebLink
the ].ta::inu,::~ ~nount required to be paid into thc Debt :3,~rvicu ]"und Jn any <br /> one calendal' year for pr.~ymcnt of ]'>rincip:~l of (whether at maturit2 or Ly <br /> <br /> standin~~ ]fonds including P~ity Obli~]ations and thc ])t~yr:ont of an <br />-fees of the Trustee for services under thc~ suppiu~;ental indenture and of tke <br />payin~ a~cnts for such P~ity Obligations. <br /> <br /> (d) A certified copy of proceedings by the Council of thc 3~:suer <br />approving and authorizing the acquisition or construction of the in'opsse~ <br />facilities, the issue]ce and sale of the proposed Parity Ob!igaticns and <br />fixing the selling price thereof, approving ~d authorizing the execution <br />of a supplc::~ental lease if the Project be then leased, and of the .supplemental <br />indenture and taking any other action required in connection with thc <br />new facilities and the proposed Parity Obligations. <br /> <br /> (e) If the Hospital Facilities be then leased or operated by <br />other than the Issuer, a certified copy of proceedings of any then lessee or <br />other operator of the Hospital Facilities approving and authorizing thc execution <br />of the supplemental lease and taking any other action required in ........ <br />with the proposed new facilities and the proposed Parity~ Obligations. <br /> <br />'- (f) The ~ritten opinion of any attorney licensed to practice law <br />in the State of Ohio, expressing the conclusion that upon pa3~r~ent of the <br />1Purchase price and acceptance of any instruments of conveyance, creation <br />or transfer the Issuer will have good and merchantable title to the additional <br />lands or interests tt~erein, if any, to be acquired from the proceeds of the <br />Parity Obligations or which are the site of the facilities to be acquired or <br />constructed from the Parity Obligations, free and clear of liens and encu~m- <br />brances except for Permitted Liens and Enctunbrances. In lieu of such opinion, <br />there may be filed a standard form of title guaranty policy or a standard form <br />of title insttrance policy running in 'faVor Df the Trustee and evidencing that <br />the Issuer has acquired such title, in a face amount equal to the cost of <br />acquisition of such lands or interest ther%in, if any, or equal to reasonable <br />valuation thereof as estimated by the Issuer, if acquired by the Issuer {*~- <br />cost or. at nominal cost~ <br /> <br /> (g) A request and authorization to the Trustee on behalf Of the <br />Issuer signed by its Executive or its Fiscal Officer, to authenticate and <br />deliver the Parity Obligations to, or on the order of, the purchaser therof <br />who is therein identified, upon payment to the Trustee for the account of the <br />Issuer of a sum specified in such request and authorization plus accrued interes%, <br />~oth of which shall be deposited as provided in the supplemental indenture and <br />executed in connection with the issuance of such Parity Obligations. <br /> <br /> (h) Thc written opinion' of counsel for thc Issuer, to tiie cf feet <br />that the issuance of the Parity Ob.!igations has .been duly authoriz~d ann that <br />all conditions precedent to their delivery have" been fulfiltcd. <br /> <br /> (i) The opinion of nationa~!y recognized bond counsel that the <br />Parity Obligations proposed to be issued a/-e permitt..~ by the Indcntu~'~ and <br />have be~n duly authorized, and %~i11, when delivered and pa~d for, bc thc valid <br />and bindinL' special obligations of the Issuer on a parity of lien witk the <br />$~,.QOO,OOO of Bonds secured hereby. <br /> <br />- 10 - <br /> <br /> <br />