2006-108 Ordinance - Laserfiche WebLink

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.... .. ........ .. .I~.w-I.au..n.~ ~... _..,. n.s..»m+wa.ww.v+..... .r~m+.r+w.awt~+vw.wr.-.wie..w..w~,-e.w+.~....~.vaancw.e++vw..e.r+ro+n Director of Finance pursuant thereto, authorizing the issuance and sale of the Original Bonds. "Original Bonds" means the City's $1,540,000 Street Improvement Bonds, Series 2001, issued as a part of a consolidated issue of $12,430,000 Capital Improvement and Refunding Bonds, Series 2001, dated as of May 1, 2001, pursuant to the Original Bond Legislation. "Original Purchaser" means NatCity Investments, Inc., Cleveland, Ohio. "Participant" means any participant contracting with a Depository under a book entry system and includes securities brokers and dealers, banks and trust companies, and clearing corporations. "Principal Payment Dates" means December 1 in each of the years from 2006 through 2016; provided that the first Principal Payment Date may be deferred for a period not longer than two years if that deferral is determined by the Mayor and Director of Finance to be in the best interest of and financially advantageous to the City and that determination is set forth in the Certificate of Award. "Purchase Agreement" means the Bond Purchase Agreement between the City and the Original Purchaser, as it may be modified from the form on file with the Clerk of Council and signed by the Mayor and the Director of Finance in accordance with Section 6. "Refunded Bonds" means the $1,410,000 of the Original Bonds now outstanding stated to mature on December 1 in the years from 2013 through 2016. "Registrar Agreement" means the Bond Registrar Agreement between the City and the Bond Registrar, as it may be modified from the form on file with the Clerk of Council and signed by the Mayor and the Director of Finance in accordance with Section 4. "Rule" means Rule 15c2-12 prescribed by the SEC pursuant to the Securities Exchange Act of 1934. "SEC" means the Securities and Exchange Commission. The captions and headings in this ordinance are solely for convenience of reference and in no way define, limit or describe the scope or intent of any Sections, subsections, paragraphs, subparagraphs or clauses hereof. Reference to a Section means a section of this ordinance unless otherwise indicated." Section 2. Section 3 of Ordinance No. 2006-31 passed on February 21, 2006, be and is hereby amended to read as follows: "Section 3. Denominations; Datin ;Principal and Interest Payment and Redemption Provisions. The Bonds shall be issued in one lot and only as fully registered bonds, in the Authorized Denominations, but in no case as to a particular maturity date exceeding the principal amount maturing on -4-