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6566
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Last modified
7/27/2005 12:46:20 PM
Creation date
11/5/2014 12:24:36 PM
Metadata
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Template:
City Ordinances
Passed
6/27/2005
Ordinance Number
6566
Bill Number
8796
Introdate
6/6/2005
Description
Authorizing the issuance sale and delivery of special obligation bonds series 2005 for $700,000
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<br />Section 501. <br />Section 502. <br />Section 503. <br />Section 504. <br />Section 505. <br />Section 506. <br />Section 507. <br />Section 508. <br /> <br />Section 601. <br />Section 602. <br />Section 603. <br />Section 604. <br />Section 605. <br /> <br />Section 701. <br /> <br />Section 801. <br />Section 802. <br />Section 803. <br />Section 804. <br />Section 805. <br />Section 806. <br />Section 807. <br />Section 808. <br />Section 809. <br /> <br />ARTICLE V <br /> <br />ESTABLISHMENT OF FUNDS <br />DEPOSIT AND APPLICATION OF MONEYS <br /> <br />Establishment of Funds. ..... ............ ..... .... ... ..... ..... ....... .... ......... ..............................15 <br />Deposit of Bond Proceeds ....... ...... ..... ... .... ..... ..... ..... ... .... .... ... ................................15 <br />Application of Moneys in the Project Fund ...........................................................15 <br />Application of Moneys in Debt Service Fund........................................................ 15 <br />Application of Money in the Debt Service Reserve Fund .....................................16 <br />Deposits and Investment of Moneys ......................................................................16 <br />Nonpresentment of Bonds............... ..... ........ ......... ...... ............... ............................16 <br />Payments Due on Saturdays, Sundays and Holidays .............................................17 <br /> <br />ARTICLE VI <br /> <br />REMEDIES <br /> <br />Remedies ................ .... .... ... .... ...... ........ ........... ..... ... ......... .... ...................................17 <br /> <br />Limitation on Rights of Bondowners ....................... ............ ..................................17 <br />Remedies Cumulative..... ........ ...... ...... ...... ........ ....... ....... .... ..... ..............................17 <br /> <br />No Acceleration............................................................................. ....... ....... ..........18 <br /> <br />No Obligation to Levy Taxes ......... ............................ ............................................18 <br /> <br />ARTICLE VII <br /> <br />DEFEASANCE <br /> <br />Defeasance .................................................................................................. ......... ..18 <br /> <br />ARTICLE VIII <br /> <br />MISCELLANEOUS PROVISIONS <br /> <br />Tax Covenants...... ....... ...... ......... ....... ........... .... ........... ....... .... .... ...... ......................19 <br /> <br />Annual Audit........................................................................................................ ..20 <br /> <br />Amendments ......................................................................................................... .20 <br /> <br />Notices, Consents and Other Instruments by Bondowners ....................................21 <br />Continuing Disclosure....................................._..................................................... .21 <br /> <br />Further Authority.................................................................................................. .22 <br /> <br />Parties Interested Herein ..... ......... ....... ..... ........... ..... .... ............. .......... .............. .....22 <br /> <br />Severabi I ity ..... ...................................................................................................... .22 <br /> <br />Governing Law... ... .... ................ ... ...... ... ... ..... .... ...... ....... ... ................. ... ....... ........ .22 <br /> <br />(ii) <br />
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