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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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City Clerk
City Clerk - Document
Ordinances
Number
1999-3
Date
2/8/1999
Volume Book
135
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<br />TABLE OF CONTENTS <br /> <br />Page <br /> <br />Recitals <br /> <br />ARTICLE I <br /> <br />DEFINITIONS AND INTERPRETATIONS <br /> <br />Section 1.01. Definitions ........................................................... 2 <br />Section 1.02. Other Definitions ...................................................... 3 <br />Section 1.03. Interpretations................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 3 <br /> <br />ARTICLE II <br /> <br />DEPOSIT OF FUNDS AND FEDERAL SECURITIES <br /> <br />Section 2.01. Deposits in the Escrow Fund ............................................. 3 <br /> <br />ARTICLE III <br /> <br />CREATION AND OPERATION OF ESCROW FUND <br /> <br />Section 3.01. Escrow Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . " 3 <br />Section 3.02. Payment of Principal and Interest ......................................... 3 <br />Section 3.03. Sufficiency of Escrow Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4 <br />Section 3.04. Trust Fund ........................................................... 4 <br />Section 3.05. Security for Cash Balances .............................................. 4 <br /> <br />ARTICLE IV <br /> <br />SUBSTITUTION OF FEDERAL SECURITIES <br /> <br />Section 4.01. In General. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4 <br />Section 4.02. Substitution of Federal Securities at Bond Closing. . . . . . . . . . . . . . . . . . . . . . . . . . " 4 <br />Section 4.03. Substitution of Federal Securities Following Bond Closing. . . . . . . . . . . . . . . . . . . .. 5 <br />Section 4.04. Allocation of Certain Federal Securities .................................... 5 <br />Section 4.05. Arbitrage......... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 5 <br /> <br />ARTICLE V <br /> <br />APPLICATION OF CASH BALANCES <br /> <br />Section 5.01. In General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 6 <br />Section 5.02. Reinvestment in SLGS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . " 6 <br />Section 5.03. Reinvestment of Cash Balances. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 6 <br /> <br />RISANMARlGORI.99\DOCSIESCROW.WPD <br /> <br />(i) <br />
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