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Ord 1999-003
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Ord 1999-003
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Last modified
8/10/2006 4:02:05 PM
Creation date
8/10/2006 4:00:23 PM
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Template:
City Clerk
City Clerk - Document
Ordinances
Number
1999-3
Date
2/8/1999
Volume Book
135
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<br />ARTICLE V <br />PAYING AGENTIREGISTRAR <br /> <br />Section 5.01. Appointment ofInitial Paying Agent/Registrar . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 15 <br />Section 5.02. Qualifications........................................................ 15 <br />Section 5.03. Maintaining Paying Agent/Registrar ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 15 <br />Section 5.04. Termination ......................................................... 16 <br />Section 5.05. Notice of Change to Owners ............................................ 16 <br />Section 5.06. Agreement to Perform Duties and Functions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 16 <br />Section 5.07. Delivery of Records to Successor ........................................ 16 <br /> <br />ARTICLE VI <br />FORM OF THE BONDS <br /> <br />Section 6.01. Form Generally. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 16 <br />Section 6.02. Form of Bonds ....................................................... 17 <br />Section 6.03. CUSIP Registration ................................................... 22 <br />Section 6.04. Legal Opinion. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 22 <br />Section 6.05. Municipal Bond Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 22 <br />Section 7.01. Sale of Bonds, Official Statement ........................................ 23 <br />Section 7.02. Control and Delivery of Bonds .......................................... 24 <br />Section 7.03. Deposit of Proceeds ................................................... 24 <br /> <br />ARTICLE VIII <br />INTEREST AND SINKING FUND; INVESTMENTS <br /> <br />Section 8.01. Interest and Sinking Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 24 <br />Section 8.02. Security of Funds ..................................................... 25 <br />Section 8.03. Investments.......................................................... 25 <br />Section 8.04. Investment Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 25 <br /> <br />ARTICLE IX <br />PURCHASE OF SECURITIES; APPROVAL OF ESCROW AGREEMENT <br /> <br />Section 9.01. Purchase of Securities ................................................. 25 <br />Section 9.02. Approval of Escrow Agreement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 25 <br /> <br />ARTICLE X <br />PARTICULAR REPRESENTATIONS AND COVENANTS <br /> <br />Section 10.01. Payment of the Bonds. . . .. . " . .... ..... .... .. .... ..... ... . . . . .... '" " 26 <br />Section 10.02. Other Representations and Covenants .................................... 26 <br />Section 10.03. Federal Tax Matters. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 26 <br /> <br />ARTICLE XI <br />DEF AUL T AND REMEDIES <br /> <br />Section 11.01. Events of Default .................................................... 27 <br />Section 11.02. Remedies for Default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 27 <br />Section 11.03. Remedies Not Exclusive .............................................. 27 <br /> <br />R:\SA1\'MAR\GORl.99\DOCS\ORDNCEFN. WPD <br /> <br />'(ii) <br />
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