Ordinance 2015-085 - Laserfiche WebLink

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commencing December 1, 2015, or such other date not later than June 1, 2016 as may be specified by the Mayor and the Director of Finance in the Certificate of Award. "Interest Payment Dates"means (a) as to Current Interest Bonds, June 1 and December 1 of each year during which the Current Interest Bonds are outstanding, commencing June 1, 2016, or such other date not later than December 1, 2016 as may be specified by the Mayor and the Director of Finance in the Certificate of Award and (b) as to any Capital Appreciation Bonds, their respective maturity dates. "Maturity Amount" means, with respect to a Capital Appreciation Bond, the principal of and interest on that Bond due and payable at its stated maturity. "Original Purchaser"means The Huntington Investment Company, Columbus, 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 2016 through 2020. "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. "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. Authorized Principal Amount and Purpose; Application of Proceeds. It is necessary to issue bonds of this City in a maximum aggregate principal amount of$245,000 (the Bonds) to provide funds to pay costs of acquiring mowers, utility vehicles, a fertilizer spreader, a top dresser, a turbine blower, a roller and other equipment for use at the City's Springvale Golf Course and Ballroom facility, including financing costs related to the issuance of the Bonds, and to retire the Outstanding Note. - 4 -