52-91 Gen Provisions - Sanitary Sewer Spec Oblig Bonds

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( I , "Fiscal Agent" means the bank or trust company, and any successors thereto, appointed in section 15 of this Ordinance authorized to exercise corporate trust powers in this State. "Fiscal Officer" means the Director of Finance, Assistant Director of Finance, acting Director of Finance duly appointed and authorized under the Issuer's Charter or ordinances or the Director of Public Works of the Issuer. "General Bond Legislation" or "this Ordinance" means this ordinance, as the samé may be amended from time to time in accordance with section 38 hereof. "Holder"or "Holder of a Bond" or "Holder of a Note" means the Person in whose name a Bond or Note, as the case may be, is registered on the registration books of the Issuer maintained by the Registrar. extensions buildings, machinery, "Improvements" means any improvements, replacements, additions or to the Utility, including real estate and interests in real estate, structures, fixtures and facilities and additions thereto, and equipment, furniture and other personal property. "Interest Payment Date" means, as to Bonds, June 1, and December 1 of each year commencing as provided in the Series Legislation and as to Notes, the maturity date of the Notes. "Issuer" means the city of Lakewood, Ohio, a municipal corporation and political subdivision duly organized and existing under the Constitution and laws of the State. "Levy" means the two (2) mill ad valorem property tax levy authorized in Article XIV, Section 32 of the Issuer's Charter. "Legal Officer" means the Director of Law of the Issuer. "Legislative Authority" means the Legislative Authority of the Issuer. "Notes" means all of the Sanitary Sewer System Special Obligation Bond Anticipation Notes, or an issue or series of Notes, as the case may be, of the Issuer iSSUéd in anticipation of the issuance of Bonds and pursuant to this Genéral Bond Legislation and the applicable Seriés Legislation. "Original Purchaser" means, with respect to the Bonds or Notes, the original purchaser of Bonds or Notes, as evidenced in the certificate of Award, offering an interest rate or rates not exceeding that specified in the applicable Series Legislation. "Participant" means any participant contracting with a Depository under a book-entry system and includes security brokers and dealers, banks and trust companies, and clearing corporations. "Paying Agent" presently means the Fiscal Agent and any other bank or trust company designated as a Paying Agent by or in accordance with this General Bond Legislation. "Project" means the real, personal, or real and personal property of the Utility, including undivided or other interests therein, identified in an Exhibit to the Series Legislation, and any other such property acquired, constructed or installed as a replacement or substitution therefor, or addition thereto and any other Improvement. -3-