3146 Ordinance - Laserfiche WebLink

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Additionwl Boncls, adjusted for anpr rate chariges pl.aced in effect during auch period, les• the openting and uaintenance expenses incurred during auch period, were, wlien divided by one and one-hslf, in an aoouat not less Lhan 140% of the largeat amouat which would be needed to be paid into the Dpbt Service Ptiuid i nwzy year Lo meet interest and yrlnc ipal msturities of all Bonda to be outa*an3ing ioediateljr atter the iaswsnce of the Additiornl Bonds to 2he procosds of wW sale of Additioaal Bonds shall be allxated in substantially the ssme saruur as provided ie thie ordlnaace vitti respect to the Iaprwesettt Bonda aad a Construction Fund Por such proceeds shall be cretted in connectioa vith each swch issue ot Additional Bonds and shall be applied to the purposes set fos-th in the certificate of the indeperdeut engineer aad to 8efryr costs aad expenses incidental the to the sale or iasuwnce ot auch Additional Honds. Int,erest aad principal ot all Add,itional Boads shall havo the aaae pyrment dates as aty provided in this Ordinatyee vith respeet to the Isprovement Boadi. Lch isaw of Additional Bocyds shall be dravm to mature not earlier thari the aext yMncipal r?turity dste o! Bonds then outstanding, aad vith prineipal aaturities such as to require and pervix substaAtially equal amvis1 daposit requireseat• inLo the Debt 8trrice Fund, aPter the issuance thereol, utiftr the terais of paragnph Second of 8ection b of this Ordinauce. 8eetioa 7. Terss ot the BoAds Generall:v -- The Bonds shall be desigmted as Nt lorth ia t.he preei to this aaace, sLall be pyrable ln Ltrtul .omY of tha United Btates, sha11 be in cot?pon !oru Dut vith privilep of registration as to principal or in fu11y rsaistsred fore M prorided in the ordinaace sutDorisiag •uch Bonds or in the Mbrtgage, shwll (aotcept rhen xrgiatered) be aegotiable instruwnts, shall eocpresa upoai their taae the purpme for rhich thsy are isswed, shill be 1sswed pursuaat to Article XVIII, Sectiou 12 af the Coastitution of the 8tate of Ohio aad ahsll be executed by the RKscutire aad by the Fiscal Officer of the Municipality aad sealed with the c02'p02'tte saLl or /hal1 be !:xlCllted it]Q seilOQ 1II sHCh rL1i!!r YmV bA 2'lQili2'!d in such ordinaace or by lav oar chartor provLiea (if any) qplicable at the tim at luuance of the reopective Boads. Iaterest coupons attwhed Lo the Bmds sball bear the facaiaile signwture oi Lbe Fiacal Officer or sweh other facsiail.t or saaual sigaature sIt itr11 be requi3^ed bp? stich ordinaaee or by lav or charter provision (if arq) opplicable at the tim of isswace of tht rwpfttive Donds. The Additioral Bands shall bear sweh deaiguttion as say be nftessary to distinsuish thw from the Iqvravemnt Donds or otber Aaditional Donds bavift dilferent provisianr aAd shall bave maturities, int*rest rates, interest paymnt dates, redmqqtion provisioas, deaoaiaatioas wd other provisiona aa prcwlBeQ in thia ordinaac• or in the orQinanees hezeafttr adopLed providirg !or isswnce of the wdditional Bonds, pravided, howewr, thst such terss and provisions rhall irat be incensisteat vith thia Ordiammce, the lbstpW or the LblA C'titStiIIdlYlg D0nds. 2h ? ?