Laserfiche WebLink
<br /> <br /> <br /> <br /> <br /> <br /> of the principal and interest payments, costs of issuance and servicing costs allocable to the <br /> Bonds and Notes. <br /> <br /> <br /> SECTION 10. CUSIP Identification Numbers. The Director of Finance may <br /> <br /> authorize the printing of CUSIP identification numbers upon the Bonds. Such number and the printing <br /> thereof shall be subject in all respects to the provisions of Section 47-10, Hawaii Revised Statutes, as <br /> <br /> amended. <br /> <br /> <br /> SECTION 11. Bond Insurance. The Director of Finance is hereby authorized to <br /> determine and provide for any insurance provisions respecting the Bonds of a series as he shall deem <br /> <br /> to be in the best interest of the County, including, without limitation, selection of the bond insurer, <br /> payment of the insurance premium and printing of any insurance statement on the Bonds. In the event <br /> <br /> that bond insurance is obtained by the purchaser of such Bonds, (a) such insurance shall not constitute <br /> a part of the contract by and with the County evidenced by a particular Bond or constitute a part of the <br /> <br /> proceedings providing for the issuance thereof, and (b) no liability or responsibility shall attach to the <br /> County or any officer or agent thereof in any way by reason of any such insurance,, including, without <br /> <br /> limiting the foregoing, with respect to the procuring, maintenance, enforcement or collection thereof. <br /> The County shall be under no obligation to take or refrain from taking any action by reason of the <br /> <br /> existence of such insurance or any of the provisions thereof, even though the taking or refraining from <br /> taking of such action may result in or be cause for cancellation or cessation of such insurance. <br /> <br /> <br /> SECTION 12. Support Facility for Variable Rate Bonds. If the Director of Finance <br /> <br /> shall determine to issue the Bonds of a series bearing interest at a rate or rates which vary from time <br /> to time or with a right of holders to tender such Bonds for purchase, or both, the Director of Finance <br /> <br /> may contract for such support facility or facilities and remarketing arrangements as are required to <br /> market such Bonds to the greatest advantage of the County upon such terms and conditions as the <br /> <br /> Director of Finance deems necessary and proper; provided, however, that all such contracts shall be <br /> approved by a resolution of the County Council and shall comply with the requirements of Section 47- <br /> <br /> 11, Hawaii Revised Statutes. <br /> <br /> <br /> <br /> <br /> 6 <br />