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52-91 Gen Provisions - Sanitary Sewer Spec Oblig Bonds
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52-91 Gen Provisions - Sanitary Sewer Spec Oblig Bonds
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Last modified
5/14/2013 3:12:28 PM
Creation date
10/18/2007 8:45:24 AM
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Office Of Council
Document Type
Ordinances
Date
10/18/2007
Date Adopted
7/15/1991
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<br />í <br /> <br />(ii) <br /> <br />(iii) <br /> <br />(iv) <br /> <br />(vi) <br /> <br />(vii) <br /> <br />(viii) <br /> <br />(ix) <br /> <br />, <br />! <br /> <br />(i) <br /> <br />The purpose for which issued as permitted by law and <br />Section 4(b) hereof; <br /> <br />The authorized principal amount or maximum principal <br />amount; <br /> <br />The date of such Bonds, the interest rate or rates or <br />the maximum interest rate or rates, their maturities or <br />principal payment dates, and the Interest Payment Dates; <br /> <br />The series designation and denominations of and manner <br />of numbering or otherwise designating such Bonds; <br /> <br />(v) <br /> <br />The redemption provisions, if any, including any premium <br />to be paid upon redemption; <br /> <br />Mandatory sinking fund requirements, if any, pertaining <br />to such Bonds; <br /> <br />The place or places of payment of the Bond Service <br />Charges on such Bonds; <br /> <br />The manner of sale of such Bonds; <br /> <br />The disposition of the proceeds from the issuance of <br />such Bonds; <br /> <br />(x) <br /> <br />The levy of the Levy during the years <br />outstanding as provided in Section 2 of this <br />and <br /> <br />Bonds are <br />Ordinance; <br /> <br />(xi) Any other provisions deemed advisable by the Legislative <br />Authority not inconsistent with the rights of Holders of <br />outstanding Bonds or Notes under this Ordinance and the <br />applicable Series Legislation. <br /> <br />(b) with respect to each series of Notes thereby authorized: <br /> <br />(i) with respect to the Bonds anticipated: <br /> <br />(A) the necessity of the Bond issue, its purpose in <br />accordance with Section 4(b) hereof, and the <br />principal amount or maximum principal amount of <br />the Bonds and an estimated principal payment <br />schedule for and an estimated or maximum average <br />annual interest rate on the Bonds; and <br /> <br />(B) <br /> <br />the source <br />the Bonds <br />Ordinance; <br /> <br />of payment of Bond Service Charges on <br />as provided in Section 9 of this <br /> <br />(ii) With respect to the Notes: <br /> <br />(A) the principal amount or maximum principal amount <br />of the Notes to be issued and outstanding, not to <br />exceed the amount of the Bond issue; <br /> <br />(B) the rate or rates of interest or the maximum rate <br />or rates of interest to be paid on the Notes, or <br />the method for from time to time establishing or <br />determining such rate or rates, and the maturity <br />or maturities or maximum maturity of the Notes <br /> <br />-5- <br />
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