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with the issuanco and sale of the Refunding Bonds, and that are not <br />inconsistent with this ordinance; and <br /> <br />(2) take such actions as ere necessary or appropriate to consummate the <br /> transactions contemplated by this ordinance. <br /> <br /> Section 13. Certification to County Auditor. This Council directs the Director of Finance <br />to forwerd a certified copy of this ordinance and a copy of the Certificate of Award to the Comity <br />Auditor <br /> <br /> Section 14. Definitions_. Words and terms ere used in this ordinance with the following <br />meanings: <br /> <br /> "Annual Information" means the annual financial information and operating data of the type <br />to be specified in the Conth~ufing Disclosure Certificate in accordance with the SEC Rule. <br /> <br /> "Authorized Denominations" means the denomination of $5,000 or any integral multiple of <br />$5.000 <br /> <br /> "Bond Proceedings" means, collectively, this ordinance, the Certificate of Award, the <br />Continuing Disclosure Certificate. the Registrar Agree~nent, and the 6ther proceedings of the Ci[y, <br />including the Bonds_ that provide collectively for, among other things, the rights of Holders and <br />beneficial owners of the Bonds. <br /> <br /> "Book-Entry Form" or ''Book-Entry System" means a form or system under which (a) the <br />ownership of book-antry interests in Notes and the Debt Charges on the Notes may be transferred <br />only through a book-entry, and (b) physical note certificates in fully registered form ere issued by <br />the City only to a Depository or its nominee as registered Holder, with the Notes deposited and <br />retained in the custody of the Depository or its agent. <br /> <br /> "Capitalized Interest" means interest on the Refimding Bonds fi.om their date to a date <br />determined by the D/rector of Finance as provided in Section 2(e) <br /> <br /> "Certificate of Awerd" ineans the certificate authorized by Section 6 of this ordinance, <br />setting fm~h the terms and other provisions of the Relhnding Bonds required or authorized by this <br />ordinance. <br /> <br />"Closing" means the date of delivery of and pay~nent for the Refunding Bonds. <br /> <br /> "Code" means the Internal Revenue Code of 1986. as amended. References to the Code and <br />sections of the Code include applicable regulations (whether temporary or final under the Code, <br />and any amendments of, or successor pro,asians to, those sectiuns or regulations <br /> <br /> "Continuing Disclosure Agreement" means the continuing disclosure agreement ~nade by <br />the City for the benefit of Holders and beneficial owners of the Refunding Bonds fin accordunco <br />with the SEC Rule. It consists of the covenants th Section 7(b) of tiffs ordinance and the Coxflmuing <br />Disclosure Certificate. <br /> <br /> "Continuing Disclosure Certificate" means the certificate authorized by Section 7(b). <br /> <br /> "Debt Charges" means all amounts due as principal, interest, and any premium on an issue <br />of securities. <br /> <br /> "Depositorf' means any securities depository that is a clearing agency under federal law <br />operating and maintaining, with its Participants or otherwise, a Book-Entry System to record <br />ownership of book-entry interests in seandties or the principal of and interest on securities, and to <br />effect transfers of securities in Book-Entry Form. <br /> <br /> "Escrow Agent" means a bank or trust company, selected by the Director of Fthance th <br />accordance with Section 8(f), holding the Escrow Fund under the Escrow Agreement. <br /> <br /> "Escrow Agreement" means the agreement between the City and the Escrow Agent <br />providing for deposit of the proceeds of the Refanding Bonds in the Escrow Fund, and the payment <br />and discherge of the Refunded Outstanding Bonds. <br /> <br />11 <br /> <br /> <br />