Laserfiche WebLink
prices to the public and sales of the Series 1991 Bonds appropriate <br />for determination of yield on the Series 1991 Bonds under the Code <br />and (ii) evidencing the present value Bond Service Charge savings, <br />if any, over the life of the Series 1991 Bonds as a result of the <br />policy of municipal bond insurance, as and at the time requested by <br />Bond Counsel. <br /> <br /> The Issuer will pay the cost of printing or otherwise <br />preparing the Series 1991 Bonds in such form as is acceptable to <br />DTC. A complete transcript of proceedings will be furnished by the <br />Issuer, together with a certificate that no action, suit, inquiry, <br />investigation or proceeding to which the Issuer is a party is <br />pending, and, to the best of the knowledge of the signers, no <br />action, suit, inquiry, investigation or proceeding is threatened, <br />in or before any court, governmental agency, authority, body or <br />arbitrator, seeking to restrain or enjoin the issuance, sale or <br />delivery of the Series 1991 Bonds or the execution and delivery of <br />the Indenture or the pledge of the Net Revenues and the Special <br />Funds and the Water Reserve Fund or the mortgage of the Mortgaged <br />Properties to secure payment of the principal of or interest on the <br />Series 1991 Bonds, or in any way contesting or affecting the <br />validity or enforceability of the Series 1991 Bonds, the Bond <br />Legislation or the Indenture. <br /> <br /> CUSIP numbers will be printed on the Series 1991 Bonds <br />and will be obtained by the Issuer. Any delay, error or omission <br />with respect thereto shall not constitute cause for the successful <br />bidder to refuse to accept through DTC delivery of, and to pay for, <br />the Series 1991 Bonds. Any CUSIP Service Bureau charge for the <br />assignment of the numbers shall be the responsibility of the <br />Issuer. <br /> <br /> The successful bidder will pay the fees of the Ohio <br />Municipal Advisory Council (OMAC) incurred in connection with the <br />issuance and sale of the Series 1991 Bonds° <br /> <br /> The Issuer will pay the cost of obtaining (a) a rating or <br />ratings on the Series 1991 Bonds and (b) the Bond <br />Insurance Policy. <br /> <br /> The bids will promptly be considered and, unless bids are <br />rejected, the Series 1991 Bonds Will be sold and awarded to the <br />bidder offering the lowest interest cost to the Issuer determined <br />by calculating the total interest to stated maturity at the rate or <br />rates bid and (a) adding thereto (i) the amount, if any, of <br />original issue discount and (ii) the amount, if any, of <br />underwriters, discount and (b) deducting therefrom any premium bid <br />(the "best bid") at a purchase price of not less than 97% of the <br />par value thereof and accrued interest. If each of two or more <br />bids is the best bid, the Series 1991 Bonds will be awarded to such <br /> <br />-5- <br /> <br /> <br />