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Ord 1993-038
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Ord 1993-038
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Last modified
7/2/2007 4:59:00 PM
Creation date
7/2/2007 4:59:00 PM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
1993-38
Date
5/10/1993
Volume Book
110
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<br /> 13DL <br /> replacements thereof; provided that, notwithstanding the foregoing, <br /> and to the extent now or hereafter authorized or permitted by law, <br /> the term System shall not include any electric light and power <br /> facilities which are declared not to be a part of the System and <br /> which are acquired or constructed by the City with the proceeds from <br /> the issuance of "Special Facilities Bonds", which are hereby defined <br /> as being special revenue obligations of the City which are not <br /> secured by or payable from the Pledged Revenues as defined herein, <br /> but which are secured by and payable solely from special contract <br /> - ' - revenues or payments received from any other legal entity in <br /> connection with such facilities; and such revenues or payments shall <br /> not be considered as or constitute gross revenues of the System, <br /> unless and to the extent otherwise provided in the ordinance or <br /> ordinances authorizing the issuance of such Special Facilities Bonds. <br /> "Unclaimed Payments" means money deposited with the Paying <br /> Agent/Registrar for the payment of the principal of or interest on <br /> the Bonds as' the same come due and payable and remaining unclaimed <br /> by the Owners of Bonds for 90 days after the applicable payment or <br /> redemption date. <br /> The term "year" shall mean the regular fiscal year used by the <br /> City in connection with the operation of the System, which may be <br /> any twelve consecutive months' period established by the City. <br /> .. <br /> Section 1. 02. Other Definitions. <br /> The terms "City Counci 1", "City" and "Refunded Bonds" shall <br /> have the meaning assigned in the preamble to this Ordinance. <br /> Section 1.03. FindinGs. <br /> The declarations, determinations and findings declared, made <br /> and found in the preamble to this Ordinance are hereby adopted, <br /> restated and made a part of the operative provisions hereof. <br /> I <br /> Section 1.04. Table of Contents, Titles and HeadinGs. <br /> . <br /> The table of contents, titles and headings of the Articles and <br /> Sections of this Ordinance have been inserted for convenience of <br /> reference only and are not to be considered a part hereof and shall <br /> not in any way modify or restrict any of the terms or provisions <br /> hereof and shall never be considered or given any effect in <br /> construing this Ordinance or any provision hereof or in ascertaining <br /> intent, if any question of intent should arise. <br /> Section 1. 05. Interpretation. <br /> (a) Unless the context requires otherwise, words of the <br /> masculine gender shall be construed to include correlative words of <br /> the feminine and neuter genders and vice versa, and words of the <br /> 4588f <br /> -5- <br />
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