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COM 1109.000 2020-2022
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COM 1109.000 2020-2022
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Last modified
11/10/2022 11:36:40 AM
Creation date
11/9/2022 11:12:52 AM
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Communications
Communications - Type
COM
Communications - Council Term
2020-2022
Communication
1109
Point
000
Author
Deanna S. Sako, Director of Finance
Communications - Referred To
COUNCIL
Document Relationships
AGE COUNCIL 2022-11-16 2020-2022
(Related To)
Path:
\Council Records\Agendas\2020-2022\Council
RES 618 Draft 01 2020-2022
(Related To)
Path:
\Council Records\Resolutions\2020-2022
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(vi) The denominations and method of numbering of such Parity Bonds; <br /> (vii) The amount and due date of each mandatory Sinking Fund Payment, if any, <br /> for such Parity Bonds and the redemption provisions for such Parity Bonds; <br /> (viii) The amount, if any,to be deposited from the proceeds of such Parity Bonds in <br /> the Reserve Account of the Special Tax Fund to increase the amount therein to the Reserve <br /> Requirement; <br /> (ix) The form of such Parity Bonds; and <br /> (x) Such other provisions as are necessary or appropriate and not inconsistent <br /> with this Indenture. <br /> (d) The Trustee shall have received the following documents or money or securities, all <br /> of such documents dated or certified, as the case may be, as of the date of delivery of such Parity <br /> Bonds to the Trustee (unless the Trustee shall be directed by the County to accept any of such <br /> documents bearing a prior date): <br /> (i) A certified copy of the Supplemental Indenture authorizing the issuance of <br /> such Parity Bonds; <br /> (ii) A written request of the County as to the delivery of such Parity Bonds; <br /> (iii) An opinion of Bond Counsel to the effect that(a)the County has the right and <br /> power under Chapter 32 and the Bond Ordinance to adopt the Supplemental Indenture relating to <br /> such Parity Bonds, and this Indenture and all such Supplemental Indentures have been duly and <br /> lawfully adopted by the County, are in full force and effect and are valid and binding upon the <br /> County and enforceable in accordance with their terms (except as enforcement may be limited by <br /> bankruptcy, insolvency, reorganization and other similar laws relating to the enforcement of <br /> creditors' rights); (b)this Indenture creates the valid pledge which it purports to create of the Special <br /> Taxes and other amounts as provided in this Indenture, subject to the application thereof to the <br /> purposes and on the conditions permitted by this Indenture; (c) such Parity Bonds are valid and <br /> binding limited obligations of the County, enforceable in accordance with their terms (except as <br /> enforcement may be limited by bankruptcy, insolvency, reorganization and other similar laws <br /> relating to the enforcement of creditors' rights) and the terms of this Indenture and all Supplemental <br /> Indentures thereto and entitled to the benefits of this Indenture and all such Supplemental Indentures, <br /> and such Parity Bonds have been duly and validly authorized and issued in accordance with Chapter <br /> 32 (or other applicable laws), the Bond Ordinance and this Indenture and all such Supplemental <br /> Indentures; and(d)assuming compliance by the County with it applicable tax covenants,the issuance <br /> of the Parity Bonds will not adversely affect the exclusion from gross income for federal income tax <br /> purposes of interest on any Outstanding Bonds theretofore issued on a tax-exempt basis, or the <br /> exemption from income taxation by the State of interest on any Outstanding Bonds theretofore <br /> issued; <br /> (iv) A Certificate of an Authorized County Representative containing such <br /> statements as may be reasonably necessary to show compliance with the requirements of this <br /> Indenture; <br /> 21 <br />
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