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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 />• ? :..:.. +?p"?11 <br />the extent at least five of such issues have not been issued within said <br />period, the Holder may include in computing such Index the five year <br />coupon rate of any such recent issues not issued within said period but <br />currently selling at 95% to 105% of their par value, as determined by <br />the Holder. <br />"Assignment" means the Assignment by which the Issuer assigns all <br />its right, title and interest in the Agreement and the Pledged Receipts <br />to the Mortgagee, as such Assignment may be amended in accordance with <br />the provisions thereof. <br />"Code" means the Internal Revenue Code of 1954, as amended. <br />Reference to the Code and to Sections of the Code shall include relevant <br />regulations and proposed or temporary regulations thereunder and any <br />successor provisions to such Sections, regulations, and proposed or <br />tempnrary regulations. <br />"Construction Fund" means the Construction Fund described in <br />Section 6 hereof. <br />"Eligible Investments" means: (i) any bonds or other obligations <br />of the United States which as to principal and interest constitute <br />direct obligations of the United States of America, (ii) obligations of <br />the Federal National Mortgage Association or the Government National <br />Mortgage Association, (iii) obligations of the Federal Intermediate <br />Credit Banks, (iv) obligations of Federal Banks for Cooperatives, (v) <br />obligations of Federal Land Banks, (vi) obligations of Federal Home Loan <br />Banks, (vii) certificates of deposit and deposit accounts of banks and <br />savings & trust companies or trust companies organized under the laws of <br />Canada or the United States of America or any province or state thereof, <br />3
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