32-89 Hospital Improvement Revenue Bonds $36 mil

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Section 2. Authority. This First Supplemental Bond Legisla- tion and the First Supplemental Indenture and the Bond Legislation and the Original Indenture as they are adopted herein and hereby, by refer- ence are adopted pursuant to Article k~'III, Section 3 of the Constitu- tion of the State, pursuant to the Issuer's Charter and pursuant to Chapter 140, Ohio Revised Code. Section 3. Authorization of Series One Bonds. For the pur- poses referred to in Section 4 hereof, the Legislative Authority hereby authorizes the issuance of a Series of Bonds in an aggregate principal amount to be determined in the Certificate of Award for the Series One Bonds in ac.cordance with Section 5(i) hereof, and to be designated "Hospital Improvement Refunding Revenue Bonds, Series One (Lakewood Hospital Association)". Section 4. Purpose of Issuance of Series One Bonds. The Series One Bonds authorized in Section 3 hereof shall be issued for the public purpbse of refunding the Series 1983-A Bonds through the applica- tion of the net proceeds of the Series One Bonds, together with other moneys legally available therefor under the Indenture, to provide for the prompt payment of the principal of and premium, if any, and interest on the Series 1983-A Bonds as the same mature or upon their redemption prior to maturity in accordance with their terms. The Issuer shall thereby cause the Series 1983-A Bonds to be paid and discharged for purposes of the Indenture. Section 5. Ter~s and Provisions Applicable to the Series One Bonds. (a) Form and Numbering. Notwithstanding anything to the contrary in the Original Indenture, including the Bond Legislation, (a) the Series One Bonds shall be issued initially in fully registered form, (b) no Series One Bond shall be convertible into a Bond or Bonds payable to bearer, and (c) no Series One Bond shall be exchangeable for a coupon Bond or Bonds. To the ex%ent that Section 2.04 or any other Section of the Original Indenture or the Bond Legislation permits fully registered Bonds to be converted into or exchanged for Bonds payable to bearer or coupon Bonds, said Sections are hereby amended to prohibit Series One Bonds from being so converted or exchanged. (b) Denomination and Dates. Series One Bonds shall be in the denomination of $5,000 or any integral multiple thereof permitted by the Indenture, and shall be dated as of the date specified in the Certificate of Award for the Series One Bonds if authenticated prior to the first-Interest Payment Date for the Series One Bonds, and otherwise shall be dated as of the Interest Payment Date for the Series One Bonds next preceding the date of their authentication, except that if authen- ticated on an Interest Payment Date they shall be dated as of the date of such authentication; provided, however, that if at Zhe time of au- thentication of any such Series One Bonds, interest thereon is in de- fault, it shall be dated as of the date to which interest has been paid. Each Series One BOnd shall have only one principal maturity date, except -14-