Laserfiche WebLink
Section 1. Definitions and Interpretations. In addition to the words and terms elsewhere <br />defined in this ordinance, unless the context or use clearly indicates another or different meaning or <br />intent: <br />"Authorized Denominations" means the denominations specified as such by the Mayor <br />and Director of Finance in the Certificate of Award. <br />"Bond proceedings" means, collectively, this ardinance, the Certificate of Award, the <br />Continuing Disclosure Certificate and such other proceedings of the City, including the Bonds, that <br />provide collectively for, among other things, the rights of holders and beneficial owners of the Bonds. <br />"Bond Register" means all books and records necessary for the registration, exchange <br />and transfer of Bonds as provided in Section 5. <br />"Bond Registrar" means National City Bank, Cleveland, Ohio, as the initial <br />authenticating agent, bond registrar, transfer agent and paying agent for the Bonds under the Registrar <br />Agreement and until a successor Bond Registrar shall have become such pursuant to the provisions of <br />the Registrar Agreement and, thereafter, "Bond Registrar" shall mean the successor Bond Registrar. <br />"Book entry form" or "book entry system" means a form or system under which (a) the <br />ownership of book entry interests in Bonds and the principal of and interest on Bonds may be <br />transferred only through a book entry, and (b) physical Bond certificates in fully registered form are <br />issued by the City only to a Depository or its nominee as registered owner, with the Bonds deposited <br />with and maintained in the custody of the Depository or its agent. The book entry maintained by <br />others than the City is the record that identifies the owners of book entry interests in those Bonds and <br />that principal and interest. <br />"Certificate of Award" means the certificate autharized by subsection (a) of Section 6, to <br />be executed by the Mayor and the Director of Finance, setting forth and determining those terms or <br />other matters pertaining to the Bonds and their issuance, sale and delivery as this ardinance requires <br />or authorizes to be set forth or determined therein. <br />"Closing Date" means the date of physical delivery of, and payment of the purchase price <br />for, the Bonds. <br />"Code" means the Internal Revenue Code of 1986, the Regulations (whether temporary <br />or final) under that Code or the statutory predecessor of that Code, and any amendments of, or <br />successor provisions to, the foregoing and any official rulings, announcements, notices, procedures <br />and judicial determinations regarding any of the foregoing, all as and to the extent applicable. Unless <br />otherwise indicated, reference to a Section of the Code includes any applicable successor section or <br />provision and such applicable Regulations, rulings, announcements, notices, procedures and <br />determinations pertinent to that Section. <br />"Continuing Disclosure Certificate" means the certificate authorized by subsection (c) of <br />Section 6, to be substantially in the form on file with the Clerk of Council, and which, together with <br />the agreements of the City set forth in that subsection, shall constitute the Continuing Disclosure <br />-2-