|
of t}:c l?i'.t~.t'!~'..- ].mc,.:, )',i'o]~cl'tj,,, }l~.'alt]', .'uxl · ..... ..... 'cCh' alxi for t)',u "~l:i-"~
<br />
<br /> - : ............. I.y pr:id from tho ]u'ocr:e~i:; oi' lh~ i:.
<br />bon<!~ is ur~;cnt].y, rcmuircd, to lu'o','ide for thc bra!th, care ,,~,~ .... :;a
<br />the re:;Jdcnts of thc l:;suer;
<br />
<br /> Section 1.' Findinr's - A~thor~-,,'~t~on of ~[;_,p];':,O.~P, 3O of
<br />~3~Z-L~,_][r;P_P:~ Prc)cCe~[s -- Ti~c issuer hereby finds~nu ~ ', (~,.'-, .... ...... ~,e~' .... th,,,,' .......
<br />z~u,~e~,~e.~y necessary, in order to promote the public health and
<br />by providSn~ improved hospital core and treatment for its res~aents~ to
<br />vide improvements to its existin~ ceneral hospital facilitSes by the
<br />of the Project' ~-.-~
<br /> t,~a~ the rates and charges ~"
<br /> , ~ ~o, the services of tke Hosnltai
<br />Facilities will be fi~[cd in ~nounts sufficient to pay costs of -~',.~' 1,.2~,
<br />operation and maintenmnce of 'the Hospital Facilities and to leave an [u:oun~ cf
<br />re%~nt,_~ adccuate to comply %tith the covenants },er~_n provided for, a=ta
<br />it is necessary to .issue ~nd sell the Improvement Bonds in the princiF,~
<br />of $5,900,000 and having the terr_s provided for herein: the ~rocecds thereof
<br />~o be used for the~Project and p'~poses incidental thereto and inci: ....
<br />the issuance and sale of the Ir~provcment Bonds, and, to the e>:tent of any
<br />b~ce re:~aining in the Construction Fund herein e~t~b~ "~ .... ~ q -~ce' after paylng' cr
<br />providing for the foregoing, for other improvements to the Hospital ~'~ ~ '~
<br />as recor2nended by an independent hospital consultant and approved oy ~h,, ~o~'d
<br />of Trustees of the Hospit~ at the t~e of completion of the Project, and, as
<br />to any f~'ther balance for pa~ent to the Debt Service Reserve F~d created
<br />hereby.
<br />
<br /> Section 2. Te~us of Imnrovement Bonds. The Improvement Bonds shall he
<br />initially issued in coupon or fully registered form as may be requested by the.
<br />Original Purchaser thereof and shall 'be exc)'~ngeable for fully registered or
<br />coupon bonds in the manner and on the terms provided in the Indenture. The
<br />~provement Bonds in coupon fo~ shall be dated August 1 leV0 sh~l be in
<br />the denomination of $~:5,000 each.and sh~l be registrable as to principal. The
<br />Improvement Bonds in fully registered form shall be in the denomination of
<br />$5,000 or any multiple thereof; provided that the Fisc~ Officer with .....
<br />of the Trustee may authorize issuance of one or more fully registered/Bonds re-
<br />'presenting more than one maturity with appropriate changes in the form of such
<br />an Improvement Bond to cover more than one m~tur~y. The Improvement Bonds in
<br />coupon form sh~l be n~mbered consecutively ccr~nencing with No 1 while the
<br />registered Improvement Bonds shall be n~bered as determined by the Fiscal
<br />Officer. Each Improvement Bond in ~lly registered form shall be dated as
<br />of the interest payment date on which it is authenticated or the interest
<br />patient date next preceding the date of its authentication or as of the
<br />date as the coupon bonds if authenticated prior to the first interest .- ......
<br />date; provided, however, that if, .at the time o~ authentication of a fully
<br />registered Imp. eve .... nt Bond interest is in deDault, such Im~}rovcment Bond
<br />sh~l be dated as of the date to which interest has been paid. Thc
<br />Bonds bear interest payable semi-annu~ly on June first and Dcce~'-~'~' ...... first of
<br />each year, beginning December 1, 1970 until the principal s~m is pa~d ab the
<br />rates ]~er m]num set forth opposite the maturity year in the table below, with
<br />interest on a~ overdue principal, and, to the extent that payment of such
<br />interest is enforceable under applicable law, on any overdue instaB]...,u.,~-',,.' of
<br />
<br />-2-
<br />
<br />
<br />
|