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83-152 Ordinance
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83-152 Ordinance
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Last modified
1/11/2014 12:36:21 PM
Creation date
12/26/2013 9:40:45 AM
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North Olmsted Legislation
Legislation Number
83-152
Legislation Date
12/20/1983
Year
1983
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<br />such provision and each duty of the Issuer and of its officers under- <br />taken pursuant to such proceedings for the Notes is established as a <br />duty of the Issuer and of each such officer having authority to perform <br />such duty, specifically enjoined by law resulting f rom an office, trust <br />or station within the meaning of Section 2731.01 of the Ohio Revised <br />Code, providing for enforcement by writ of mandamus. <br />(d) Pledged Receipts. Except as otherwise provfded in the Note <br />Legislation or the Note Docwnents, the Issuer will not create or suffer <br />to be created any debt, lien or encumbrance upon or make any pledge or <br />assignment of the Pledged Receipts other than the pledge and assignment <br />thereof under the Note Legislation and the Note Documents. <br />(e) Recordings and Filings. The Issuer will cause all necessary <br />financing statements, amendments thereto, continuation statements and <br />instruments of similar character relating to the pledges and assignments <br />made by it to secure the Notes, to be recorded or filed in such manner <br />and in such places as and to the extent required by law in order to <br />fully and completely perfect, continue, preserve, protect and defend the <br />security of the Holders of the Notes. The Issuer will, at the written <br />request of the Mortgagee, cause to be delivered to the Mortgagee, but <br />not more often than annually, an opinion of counsel, who may be counsel <br />for the Issuer or for the Owner, addressed to the Mortgagee stating that <br />no filing, registration or recording of any such instrument is or will <br />be required during the twelve calendar months immediately succeeding the <br />date of such opinion, or if such ffling, registration or recording, is <br />required, setting forth the requirements. Promptly after any filing, <br />registration or recording of any financing statement or amendment there- <br />27
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