My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
08-83 Hospital Improvement revenue bonds
Document-Host
>
City of Lakewood
>
Ordinances
>
1983
>
08-83 Hospital Improvement revenue bonds
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/14/2013 3:05:55 PM
Creation date
8/22/2003 4:52:45 AM
Metadata
Fields
Template:
Office Of Council
Document Type
Ordinances
Date
8/22/2003
Date Adopted
2/26/1983
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
47
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
ing call price, or if no~ then callable, then the price at which the <br />Bonds are first callable. <br /> <br /> (i) Nothing in the Bond Legislation is intended to prevent <br />the Issuer from delivering moneys to the Trustee for the purchase or <br />redemption of Bonds in accordance with the Indenture. <br /> <br /> (j) The Trustee shall not be responsible for any of the <br />investments or reinvestments of the moneys held in the Special Funds or <br />any accounts therein,'except for failure to follow the instructions of <br />the Fiscal Officer given in accordance with the provisions of Section <br />18(i) hereof, or for accepting any Eligible Investments deposited there- <br />to by the Issuer or for liquidating more of the investments of any of <br />said Funds or accounts than may be necessary for the purpose thereof, <br />and the Trustee may rely without any liability.on any written statement <br />delivered to it by or on behalf of the Issuer and provided for in the <br />Indenture. <br /> <br /> Section 17. Additional Bonds. The Issuer shall have the <br />right, from time to time, to issue Additional Bonds, to the extent per- <br />mitred by law then in effect, for the purposes referred to in Section 4 <br />of this Bond Legislation, which Additional Bonds shall be payable from <br />the Special Funds established in Section 16 hereof and shall be secured <br />by the Indenture and by the pledge of the Net Revenues on a parity with <br />the other Bonds then outstanding, all as authorized by the Series Bond <br />Legislation authorizing the issuance of such Additional Bonds and as <br />permitted by law. <br /> <br /> No Additional Bonds shall be issued unless the following <br />documents shall have been received by the Trustee from the Issuer at or <br />prior to the time of authentication of such Bonds by the Trustee: <br /> <br />(a) <br /> <br />A certificate of the Fiscal Officer and the Legal <br />Officer to the effect that, to the best of their <br />knowledge, the Issuer is not, on the date of issu- <br />ance of such Additional Bonds, in default in the <br />performance of any of its obligations or covenants <br />set forth in the Bond Legislation, any Series Bond <br />Legislation, .the Indenture, any Supplemental Inden- <br />ture or the Bonds. <br /> <br />(b) <br /> <br />A written (i) report of an independent certified <br />public accountant, or firm of accountants, exper- <br />ienced in hospital finance and acceptable to the <br />Trustee, evidencing that the Historical Earnings <br />Test has been met, and (ii) financial feasibility <br />study of a Hospital Consultant evidencing its fore- <br />cast that the Projected Earnings Test will be met; <br />provided, however, that neither such report nor <br />study, nor any other evidence or demonstration of <br />the meeting of either the Historical Earnings Test <br />or the Projected Earnings Test shall be required for <br /> <br />-38- <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.