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Ord 2013-021/General Obligation Refunding Bonds in an amount not to exceed $22,500,000
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Ord 2013-021/General Obligation Refunding Bonds in an amount not to exceed $22,500,000
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Last modified
4/3/2014 11:13:54 AM
Creation date
6/10/2013 10:35:45 AM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
2013-21
Date
4/2/2013
Volume Book
196
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TABLE OF CONTENTS <br />Section 1. RECITALS ......................... ..............................2 <br />Section 2. DEFINITIONS ..................... ............................... 2 <br />Section 3. AMOUNT, NAME, PURPOSE, AND AUTHORIZATION ................ 2 <br />Section 4. DATE, DENOMINATION, MATURITIES, NUMBERS, <br />INTEREST AND REDEMPTION ..................................... 2 <br />Section 5. REDEMPTION .................... ............................... 4 <br />(a) Right of Redemption ................... ............................... 4 <br />(b) Notice of Redemption to Bondholder ...... ............................... 5 <br />(c) Effect of Redemption ................... ............................... 5 <br />(d) Conditional Notice of Redemption ........ ............................... 5 <br />Section 6. CHARACTERISTICS OF THE BONDS ............................... 5 <br />(a) Registration, Transfer, Conversion and Exchange; Authentication .............. 5 <br />(b) Payment of Principal and Interest ......... ............................... 6 <br />(c) In General ............................ ..............................7 <br />(d) Substitute Paying Agent /Registrar ........ ............................... 7 <br />(e) Book -Entry -Only System ................ ............................... 8 <br />(f) Successor Securities Depository; Transfer Outside Book -Entry -Only System ...... 8 <br />(g) Payments to Cede & Co ................ ............................... 9 <br />(h) DTC Blanket Letter of Representations .... ............................... 9 <br />(i) Cancellation of Initial Bond .............. ............................... 9 <br />Section 7. FORM OF BONDS ................. ............................... 9 <br />Section 8. TAX LEVY ...................... ............................... 19 <br />Section 9. DEFEASANCE OF BONDS ......... ............................... 19 <br />Section 10. DAMAGED, MUTILATED, LOST, STOLEN, OR DESTROYED BONDS .. 20 <br />(a) Replacement Bonds ................... ............................... 20 <br />(b) Application for Replacement Bonds ...... ............................... 21 <br />(c) No Default Occurred .................. ............................... 21 <br />(d) Charge for Issuing Replacement Bonds ... ............................... 21 <br />(e) Authority for Issuing Replacement Bonds .. ............................... 21 <br />Section 11. CUSTODY, APPROVAL, AND REGISTRATION OF BOND; <br />BOND COUNSEL'S OPINION . ...... ............................... 21 <br />i <br />
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