86-064 Ordinance - Laserfiche WebLink

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S .r Section 5A.03 of the Indenture shall be used for no other purpose than payments to the United States Treasury, at the time and in the manner and amount specified in such Section SA.03. Section 9. Covenants of Issuer. In addition to other covenants of the Issuer in the Bond Leqislation and the Indenture, the Issuer further covenants and aqrees as follows: (a) Payment of Bond Service Charqes. The Issuer will, solely from the sources herein provided, pay or cause to be paid the Bond Service Charqes on the Bonds on the dates, at the places and in the manner provided herein and in the Bonds. (b) Performance of Covenants, Authority and Actions. The Issuer will at all times faithfully observe and perform all agreements, covenants, undertakings, stipulations and provisions contained in the Bond Leqislation, the Aqreement, the Bond Purchase Agreement, the Indenture and the Bonds, and required therein to be observed and performed by the Issuer. The Issuer warrants and covenants that it is, and upon delivery of the Bonds will be, duly authorized by the Constitution and laws of the State, includinq parti- cularly and without limitation the Act, to issue the Bonds, to execute the Indenture, the Bond Purchase Aqreement, the Agreement and the assignment of the Note, and to provide the security for payment of the Bond Service Charqes in the manner and to the extent herein and in the Indenture set forth; that all actions on its part for the issuance of the Bonds and execution and delivery of the Indenture, the Bond Purchase Aqreement, the Aqreement and the assiqnment of the Note, have been or will be duly and effectively taken; and that the }3onds will be valid, binding and entorceable special obligations of the Issuer according to the terms thereof. Eacn provision of the Bond Legislation, Indenture, the Bond Purchase Agreement, the Aqreement and the Bonds is binding upon each such otficer of the Issuer as may from time to time have the authority under law to take such actions as may be necessary to perform all or any part of the duties required by such provision; and each duty of the Issuer and of its officers undertaken pursuant to such proceedings for the Bonds is established as a duty of the Issuer and of each such officer having autnority to perform such duty, specifically enjoined by law and resultinq from an office, trust, or station witnin the meaning of Section 2731.01 of the Ohio Revised Code, providing for enforcement by writ of mandamus. -18-