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11-82 Hospital Improvement Revenue Bonds
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11-82 Hospital Improvement Revenue Bonds
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Last modified
5/14/2013 3:10:01 PM
Creation date
12/21/2005 6:11:37 AM
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Office Of Council
Document Type
Ordinances
Date
12/21/2005
Date Adopted
2/16/1982
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of the Original Bond Ordinance as amended by the 1982 Bond <br />Ordinance and incorporated into the Indenture are to be <br />amended as set forth in Section 3 of this Ordinance. <br /> <br /> SECOND, the financial tests and conditions for the <br />issuance of Additional Bonds as set forth in the definitions <br />of "Projected Annual Requirements" and "Debt Servic,~ Cover- <br />age" contained respectively in Subsections (b)(4) and (b)(5) <br />of Section 8 of the Original Bond Ordinance as amended by <br />the 1982 Bond Ordinance and incorporated into the Indenture <br />are to be amended as set forth in Section ~ of this <br />Ordinance. <br /> <br /> THIRD, the conditions for transfers of moneys from <br />the Debt Service Reserve Fund to the Surplus Fund as set <br />forth in Subsection (a) of Section 6 of the Original Bond <br />Ordinance as amended by the 1982 Bond ©rdinance and incor- <br />porated into the Indenture are to be amended as set forth in <br />Section 5 of this Ordinance. <br /> <br /> FOURTH, the list of Eligible Investments for <br />moneys held in the Special Funds as set forth in Section 5 <br />of the Original Bond Ordinance and incorporated into the <br />Indenture is to be amended as set forth in Section 6 of this <br />Ordinance. <br /> <br /> FIFTH~ the requirements for insurance to be main- <br />t~ined by the Issuer as set forth in Section 513 of the <br />Indenture shall be amended to allow the Issuer, under certain <br />circumstances, to adopt, establish, or participate in alter~ <br />native risk management programs, including, without limita- <br />tion, to self-insure, in whole or in part, to participate in <br />programs of captive insurance companies, to participate with <br />other health care institutions in mutual or other coopera- <br />tive insurance or other risk management programs, to parti- <br />cipate in state or federal insurance programs, or to take <br /> <br />-4- <br /> <br /> <br />
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