81-001 Ordinance - Laserfiche WebLink

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?. ? a wc-i_tten o,pinior of atl a`torne?,? or +:ir;r, ai ?tt;?rneys of _`?o?;niz?,a st:;nc{ir•:g on the ;ubjeCt o-L' !?unici??aI a;,cepi.able - r_o t1ze -doyd e r t'nac ttiF a_n-?.e r_esi. inc,:) ne on r_:ie Proj ect Bo.7d is b_) F'e,leLal irtcorr?e taxati.,Dn as a result of the ocCurre;ic? of d:a "Vetlt O'" TaXau1lltY; c_iC?d PrJ`,'LdC-d, fi.lr'i,r1E:Y', tCldt I"iG F1:13l i.;H t-oCi,? 1.:!ar lOil Srlc31 i bC dee't1E- 1 ?.O }1ave OCCUt-r^d as a Y'eSUlt. of events, _._:?)ed J_n eii:ec of t.he v? -,(, e (7?i:?.,j c.i????sco (b) dn(3 (c) " L ? zt, w=ichiri Lw:-.nty (20) davs afi.F,r_ th? daLe d?sr,!?i&,,:] ii1 clausF=>s (b) af"1C] (C), ...::>>ilpc:;ilj7 ilOt ii leS HJ1.dr r 7i l.tS c?e?;lr- LO C:017teSt --ne deter?-,ination und '_'empany t??er??az':_-?r promptly (1) pr_ovides t70?C1_"" 4V1t:t dCl Op:L?Z10'i bV cifn, O-r' flY'1Tl Oi ci:CCOr'I"1°ys of I. .:iJ??t?1Z??<] Sfae?d.l.!"1q Ol'? i:.'_r1C <>r i:tt,r11C1Jal bUTIc:S t0 ti1':' F'C ic_C'.i t.[I:?t? cl Y_'f?a SQi1?i?)i'c,? C'%x:a_Ls, Ll>i_' COtat ?51- 1:1Cj t i!2 J e tP_Cii??naL iori E'x1';;i.:S, a[1d ()) li1dr??ilClli: 1°S ?'P.(? FiJ1.C.? : :tYl c3 fflak1T1?L Y'F'aSOTlably S3tisfactory to HoldCr for a11 li=abili`i=?s and expen:>^.; which IilaV 'JE' i2c-1So?Tlab1y 1T1:.uCJ_2O by ?_"1 CO[?i:eS'l1:"?g the 1° ie?CIRl:lc?t lOI'? . jC1 t'ne CVP_I"lt o[ SL]i:'il C°.C:CI i F'tit. , COiTipcltly aI1Ci HOj-dQr s h al.]_ take suv.n reasonable stas arr riecessar_y to avoid N3yii1?i1t Oi ied£'r%xl 1:1CC.?"t'i° 'Lc::CE?.`:i --;Il t,"1'_-' 111tereat OI7 t.r'i°_ Proj ec t t;Oftd c`1n:3 a F111a1 Dcter:rinatIOI'1 Shal1 GEe?Tied t0 17cuV? OCCUY'Y'i-'u upon a final judgment, decisiori or, ciecree entf,red in-to by a CUIIrt or agerivy of ro:npetent jurisdiction from which no further appeal exists. As usad her_ein, the term "c?vent of Taxabili.ty" slf',all mean the dat.e on which the interest ineome on the Proj-Ucet I:or,c-I becomes subject to Federal incoTe t<ixation for any reason other tha;Z sole.ly becau :e t}7e hc.>ldr,r_ is a"substantial user" of t(1° 1?r'GjeC:t OC a "C? latCd X)•.' i^SQi2" t0 5UCi1 "SuiJStaTl :Ic31 US?r" y c1s ti?os? ter,tis ?are def;.ned or used in Sectian 103(b) of 'C1?e Inter_^aL iZev^nue :;cde of: 1954, as am?n:3ec3. Iri the PS7Pilt of a Firial Detterrni.nation, ttie Issuer sria11 pay Addi.tional Iriterest (as heLeirYa^ter de.-Lcined) on the date of . r.edemption of the Project Bond to the then current and, to the extent applicable, any prior Holder. As used herein, "Additianal Interest" shd7_3. mean 'Che difference between the arnount of interest theretofore paid to such Holder and the amounL of interest that would have been paid to such Holder if interest had been paid at th2 Taxable Rate from the Taxable Date. The Projecc Bond shall be payable as to pr_ inc.ipal and inte?rest in lawful money of 'che United States, shall bA a neyotiable iristruinent (subject to tne provisions t'nerein ri:strir_ting assignment and trsnsfer) and shall express on its face the purposA for which it i_s issued and sucn other sc?Leirients or legenc3s as may be r_equired by law. The Project Sond s'oal l rioL? be t-ransf.erred ?"y any fi; lder to other thari a Financial Tnstitution and any p0rp0rtea transfer to atrer than a wina:1C1al_ I21St itut.ion shail be void <3nd of no Effect. 10