83-152 Ordinance - Laserfiche WebLink

Home Browse Search

which have combined capital and surplus of at least $100,000,000 in dollars of the United States of America, or certificates of deposit and deposit accounts of the Mortgagee (viii) commercial paper which is rated either prime one or A-1 or equivalent by the Moody's Investors Service, Inc., or Standard & Poor's Corporation, both of New York, New York, or their successors, (ix) any repurchase agreement (including those issued by the Mortgagee) secured by any one or more of the foregoing; provided that such investment or deposit is not prohibited by law and (x) inter- ests in any money market fund or trust the investments of which are restricted to or are insured by obligations of any of the kinds of specified above, including but without limitation any interests in the Short-Term Trust for Federal Securities commonly known as "Fed Fund" sponsored by Shearson American Express, Inc. "Executive Officer" and "Fiscal Officer" mean the Mayor and the Finance Director of the Issuer, respectively, and the officer or board which hereafter succeeds, by operation of law, to the powers and duties of any such officer. "Holder" or "Holder of the Notes" means, as to the Project Note, Society National Bank, Cleveland, Ohio, and its lawful successors or assigns, and as to any Additional Notes, the person or persons author- ized as such in the Note Legislation suthorizing such Additional Notes. "Interest Index" means the five year Prime GO Rate for Municipal Bonds published in the weekly Solomon Brothers, Inc. Bond Market Round Up. In the event the publication of such index is discontinued, the Interest Index for subsequent Interest Periods shall be the Alternative Interest Index. 4