10-82 Issue Hospital Improvement Bonds

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"Second Supplemental Indenture" means that certain Second Supplemental Trus~ Indenture between the Issuer and the Trustee, authorized pursuant to and including as a part thereof Ordinance lqo. //'~ of the Issuer, referred to ii1 the preamble hereto, containing certain proposed amendments to the Original Indenture as amended and supplemented by the First Supplemental Indenture, ,~hich amendments require the consent of the Bondholders in accordance with the Indenture. "Series 1982 Bonds" means the $23,750,000 aggre- gate principal amount of Hospital Improvement Reve~.ue Bonds of the Issuer, designated "Hospital Improvement Revenue Bonds -Series 1982," dated as of February 1, 1982, and authorized by this Ordinance. "Series 1982 Construction Fund" means the Series 1982 Construction Fund created pursuant to Section 5 hereof, which shall constitute a "Special Fund" for purposes of the Indenture. Section 2. Authorization of $23,750,000 Hospital Improvement Revenue Bonds - 1982 Serzes. This Council of the Issuer has found and determined and the Board of Trustees of the Hospital of the Issuer intends to find and determine, and this Council does hereby confirm that (i) the construc- tion of the 1982 Project is necessary for the Issuer to provide improved hospital care to its residents and thereby serve t~-:~ proper municipa] purpose of promoting the pubic health and welfare; (ii) that, in order to finance costs of the construction of the 1982 Project, the issuer needs to issue and sell the Series 1982 Bonds in the aggregate princi- pal amount of $23, 750,000 on a parity with the outstanding Original Bonds, payable solely from the Pledged Revenues and secured only, but equally and ratably without priority of any one Bond over another, by the Indenture constituting a -5-