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<br />"Original Bond Legislation" means, collectively, Ordinance No. <br />2001-33 passed by this Council on March 20, 2001, and the related <br />certificate of award dated May 9, 2001, signed by the Mayor and the <br />Director of Finance pursuant thereto, authorizing the issuance and sale of <br />the Original Bonds. <br />"Original Bonds" means the City's $10,750,000 Library <br />Improvement Bonds, Series 2001, dated as of May 1, 2001, pursuant to the <br />Original Bond Legislation. <br />"Original Purchaser" means NatCity Investments, Inc., Cleveland, <br />Ohio. <br />"Participant" means any participant contracting with a Depository <br />under a book entry system and includes securities brokers and dealers, <br />banks and trust companies, and clearing corporations. <br />"Principal Payment Dates" means December 1 in each of the years <br />from 2006 through 2020; provided that the first Principal Payment Date <br />may be deferred for a period not longer than two years if that deferral is <br />determined by the Mayor and Director of Finance to be in the best interest <br />of and financially advantageous to the City and that determination is set <br />forth in the Certificate of Award. <br />"Purchase Agreement" means the Bond Purchase Agreement <br />between the City and the Original Purchaser, as it may be modified from the <br />form on file with the Clerk of Council and signed by the Mayor and the <br />Director of Finance in accordance with Section 6. <br />"Refunded Bonds" means the $6,815,000 of the Original Bonds now <br />outstanding stated to mature on December 1 in the years 2011, 2012, 2014, <br />2016 and 2020. <br />"Registrar Agreement" means the Bond Registrar Agreement <br />between the City and the Bond Registrar, as it may be modified from the <br />form on file with the Clerk of Council and signed by the Mayor and the <br />Director of Finance in accordance with Section 4. <br />"Rule" means Rule 15c2-12 prescribed by the SEC pursuant to the <br />Securities Exchange Act of 1934. <br />"SEC" means the Securities and Exchange Commission. <br />"Term Bonds" means those Current Interest Bonds designated as <br />such and maturing on the Principal Payment Date or Dates set forth in the <br />Certificate of Award, bearing interest payable on each Interest Payment <br />Date and subject to mandatory sinking fund redemption. <br />The captions and headings in this ordinance are solely for <br />convenience of reference and in no way define, limit or describe the scope <br />or intent of any Sections, subsections, paragraphs, subparagraphs or clauses <br />-4- <br />