11-82 Hospital Improvement Revenue Bonds

Home Browse Search

execution of that certain First Supplemental Trust Indenture, to be dated February 1, 1982 (tile "First Supplemental Indenture"), by and between the Issuer and the Trustee, supplementing the Original Indenture (which, as supplemented by the First Supplemental Indenture, is herelnmf~er referred to as tile "Indent~Ire") in order to provide the terms, con- ditions, and limitations of tile Series 1982 Bonds and to add to tile covenants to be observed by the Issuer for the pro- tection of the holders of the Bonds; and WHEREAS, this Council has determined and the Board of Trustees of the Issuer's H,:,spitat intends to determine that it is desirable for the issuer to propose amendments to various provisions of the Original Indenture other than and in addition to the amendments thereto set forth in the 1982 Bond Ordinance, which proposed amendments require the consent of the Bondholders in accordance with Section 1102 of the Indenture; and WHEREAS, the Issuer has placed on file with the Cierk of Council of tile Issuer a form of Second Supplemental Trust Indenture, to be dated April 21, 1982 (the "Second Supplemental Indenture'~), embodying such proposed amend- ments; and WHEREAS, the origl:%al purchasers of the Series 1982 Bonds (the "IInderwriters") intend to file their written consents to the proposed amendments with the Trustee imme- diately upon the Issuer's delivery to the Underwriters of the Series 1982 Bonds, at which time tile Underwriters shall be the holders of at ].east sixty-slx and two-thirds percent (68-2/3%) ~n principal amount of tile Bonds then outstanding, and the Issuer aI~.d the Trustee then intend to take such further actions as required under said Section 1102 of tile Indenture in ©rder to cause the Second Supplemental Inden- ture to become effective; and -2-