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Ordinance 2015-088
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Ordinance 2015-088
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10/8/2015 5:33:16 PM
Creation date
10/8/2015 5:33:15 PM
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North Olmsted Legislation
Legislation Number
2015-88
Legislation Date
10/6/2015
Year
2015
Legislation Title
Refunded Bonds Fire Station Improvements
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"Maturity Amount" means, with respect to a Capital Appreciation Bond, the principal <br /> of and interest on that Bond due and payable at its stated maturity. <br /> "Original Purchaser"means The Huntington Investment Company, Columbus, Ohio. <br /> "Participant" means any participant contracting with a Depository under a book entry <br /> system and includes securities brokers and dealers, banks and trust companies, and clearing <br /> corporations. <br /> "Principal Payment Dates" means December 1 in each of the years from 2016 through <br /> 2025. <br /> "Purchase Agreement" means the Bond Purchase Agreement between the City and the <br /> Original Purchaser, as it may be modified from the form on file with the Clerk of Council and <br /> signed by the Mayor and the Director of Finance in accordance with Section 6. <br /> "Refunded Bonds" means the $2,260,000 of the Series 2006 Bonds that are stated to <br /> mature on December 1 in each of the years from 2017 through 2025. <br /> "Registrar Agreement" means the Bond Registrar Agreement between the City and the <br /> Bond Registrar, as it may be modified from the form on file with the Clerk of Council and signed by <br /> the Mayor and the Director of Finance in accordance with Section 4. <br /> "Rule"means Rule 15c2-12 prescribed by the SEC pursuant to the Securities Exchange <br /> Act of 1934. <br /> "SEC"means the Securities and Exchange Commission. <br /> "Series 2006 Bond Legislation" means Ordinance No. 2006-19, passed by this <br /> Council on February 21, 2006, and the related certificate of award dated April 21, 2006, signed <br /> by the Mayor and the Director of Finance pursuant thereto, authorizing the issuance and sale of <br /> the Series 2006 Bonds. <br /> "Series 2006 Bonds" means the $3,990,000 of Capital Improvement and Refunding <br /> Bonds, Series 2006B, dated as of May 3, 2006, and issued pursuant to the Series 2006 Bond <br /> Legislation. <br /> "Term Bonds"means those Current Interest Bonds designated as such in the Certificate <br /> of Award, maturing on the Principal Payment Date or Dates set forth in the Certificate of Award, <br /> bearing interest payable on each Interest Payment Date and subject to mandatory sinking fund <br /> redemption. <br /> The captions and headings in this ordinance are solely for convenience of reference and <br /> in no way define, limit or describe the scope or intent of any Sections, subsections, paragraphs, <br /> subparagraphs or clauses hereof. Reference to a Section means a section of this ordinance unless <br /> otherwise indicated. <br /> - 5 - <br />
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