Resolution 3480 - Issuance and Sale of $875,000 Sewerage System Revenue Bonds174.
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RESOLUTION NO - _:N 9 0
A RESOLUTION AUTHORIZING AND DIRECTING THE ISSUANCE
AND SALE or $875,000 SEWERAGE SYSTEM
REVENUE BONDS, SERIES 1983
BE IT ORDAINED By the City Council of the City of
Kalispell, Montana as follows:
Section 1. Authorization and Recitals.
. 1.01. Authorization. Under the provisions'of
Title 7, Chapter 7, Part 44, Montana Code Annotated, as amended
(the Act), the City is authorized to issue and sell its revenue
bonds payable during a term not exceeding forty years from
their date of issue, to provide funds for improvements,
extensions and additions to the City's municipal sewerage
system consisting of facilities for the collection and disposal
of sewage and storm water (the System), provided that the bonds
and the interest thereon are to be payable solely out ofthe
net income and revenues to be derived from rates, fees and
charges for the services, facilities and commodities furnished
by the System, and ;ire not to create arfy 615ligation for -the
payment of which taxes may be levied except to pay for services
provided by the System to the City.
. 1.02. Outstanding Bonds. In April of 1972 and in
June of 1976, the City issued and sold its Sewerage System
Revenue Bonds (the Outstanding Bonds), dated January 1, 1972
and July 1, 1976, in the aggregate principal amounts of
$200,000 and $445,000, respectively, for the purpose of
financing -improvements to the System. The Outstanding Bonds
were issued pursuant to the Act and Resolution No. 2861 and
Ordinance No. 8059, respectively, and are payable from the net
revenues of the System and constitute a parity lien thereon.
As of August 1, 1983, the Outstanding Bonds were outstanding in
the aggregate principal amount of $520,000.
1.03. Improvement Program. The City has determined
the necessity of making certain improvements consisting of
improvements to the sewage treatment plant, the acquisition of
a sewage cleaning machine and sewage injection machine and
related and incidental improvements and equipment (the 1983
Improvements) to the System. The costs of such improvements,
including engineering and financing costs, is presently t
estimated to be $2,974,000. The City has received a cor=itmen
from the'United States Environmental Protection Agency for a
grant in the amount of $2,099,600 (the EPA Grant) for the 1983
Improvements..
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1. 04. Additional Parity Bonds. The City reserved the
right under Section 4.63 of or inance No. 8o59 to issue
additional bonds for the purpose of financing improvements to
the System, which bonds may be made payable from and secured by
the net revenues of the'System on a parity lien with the
outstandi�g Bonds; provided the conditions set forth in
Section 4.03 are satisfied. Stahly Engineers & Associates of
Kalispell, Montana (the Consulting Engineer) and D.A.
Davidson & Co., incorporated (the Financial Consultant) have
reviewed the provisions of Section 4.03 and the operations of
the System and have advised the City that it may issue $875,000
of additional parity lien bonds to finance the 1983
Improvements under Ordinance No. 8059. Based on said report
and the review of the System's operations and Ordinance No.
8059 by officers of the City, it is hereby determined that the
City is authorized to issue $875,000 principal amount of
additional bonds pursuant to Section 4.03 of Ordinance No. 8059.
payable from and secured by the net revenues of the System on a
parity with the outstanding Bonds.
1.05. Net Rev enues Available. The city is authorized
to charge just and �q—uitablg_rates, charges and rentals for all
services directly or indirectly furnished by the System, and to
pledge and appropriate to the outstanding Bonds and the Series
1983 Bonds herein authorizing the net revenues to be derived
from the operation of said System, incluqing improvements,,
betterments or extensions thereof hereafter constructed or
acquired. The net revenues to be produced by such rates,
charges and rentals during the term of the Bonds herein
authorized and the useful life of the 1983 Improvements
financed thereby will be more than sufficient to pay the
pr.incipal and interest when due on the Outstanding Bonds and
the Series 1983 Bonds, and to create and maintain reasonable
reserves therefor and to provide an allowance for replacement
and depreciation, as herein prescribed.
1.06. . Sale of Sewerage SXstem Revenue Bonds..
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Pursuant to the authority recited in Se _ons UT and 1.04
hereof and for the purposes of financing costs of the 1983
Improvements, the City authorizes the issuance and sale of
revenue bonds to be designated as Sewerage System Revenue
Bonds, Series 1983 (the Series 1983 Bonds) in the aggregate
principal amount of $875,000 in accordance with the provisions
of Ordinance No. 8059 and this Resolution. The Series 1983
Bonds bave been offered for sale and sold at public sale to
and associates of
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Section 2. Forms.
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2.01. Bonds. The Series 1983 Bonds.to be issued
pursuant to this Resolution shall be printed in substantially
the following form, with such appropriate variatiotis, omissions
and insertions as are permitted or required by this Resolution:
[Face of Bond]
UNITED STATES OF AMERICA
STATE OF MONTANA
COUNTY OF FLATHEAD
CITY OF KALISPELL
SEWERAGE SYSTEM REVENUE BOND
SERIES 1983
$5,000
Date of
Rate Maturit Oriainal-Issue CUSIP
September 1, September 1, 1983
KNOW ALL AN BY THESE PRESENTS* t*h&t the City of
Kalispell (the City), Montana, for value received, promises to
pay to or registered assigns,
solely from Me Revenue Bond Account of its Sewerage System
Fund, the principal sum of
THOUSAND DOLLARS
On' the maturity date specified above, with interest thereon
from the date hereof at the annual rate specified above,
payable semiannually on September 1 and March 1 in each year,
to the person in whose name this Bond is registered at the
close of business on the 15tb day (whether or not a business
day) of the immediately preceding month, all subject to the
provisions on the reverse side hereof with respect to the
redemption of this Bond prior to the maturity date specified
above. The interest hereon and, upon presentation and
surrender hereof at maturity or upon earlier redemption, the
principal hereof, are payable in lawful money of the United
States of America by check or draft issued by
in wnicn
has been-a-esignated-as Paying Agent fo I r tYe--BonZs; or at the
office of such successor, if any, as may be designated in
accordance with the Resolution authorizing the issuance of this
Bond.
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Additional provisions of this Bond are contained on
the reverse side hereof and such provisions shall for all
purposes have the same effect as though fully set forth on the
face hereof.
This Bond shall not be valid or become obligatory for
any purpose or be entitled to any security or benefit under the
Bond Ordinance authorizing its issuance until the Certificate
of Authentication hereon shall have been executed by the Bond
Registrar by the manual signature of one of its authorized
representatives.
I IN WITNESS WHEREOF, the City of Kalispell has caused
this Bond to be executed by the printed facsimile signatures of
the Mayor and the City Clerk and has caused this Bond to be
dated as of the date set forth below.
Dated: September 1, 1983.
.(Facsimile Signature) (Facsimile Si2nature)
Mayor City Clark
CERTIFICATE OF AUTHENTICATION
This is one of the Bonds delivered pursuant to the
Bond Ordinance mentioned within.
By
- Authorized Representative
[Reverse side of Bond]
This Bond is one of a series in the aggregate
principal amount of $875,000 (the Series 1983 Bonds), all of
like date and tenor except as to serial number, interest rate,
maturity date, denomination and redemption privilege, and all
issued for the purpose of providing funds for improvements to
the City's municipal sewerage system (the System), under
authority of and in conformity with the Constitution and laws
of the State of Montana and the ordinances and resolutions of
the City, including Title 7, Chapter 7, Part 44, Montana Code
Annotated, as amended, and Ordinance No. 8059 and Resolution
NO. - duly enacted by the City Council (collectively the
Bond Ordinance). The Series 1983 Bonds are issuable only as
fully registered bonds, in denominations of $5,000 or any
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integral thereof of a single maturity. The Series 1983 Bonds
are issued on a parity and are equally and ratably secured by
the net'revenues of the System with outstanding sewerage system
revenue bonds of the City dated as of January 1, 1972 and
July�l, 1976 (the Outstanding Bonds).
The Series 1983 Bonds maturing on or after
September 1, 1994 are each subject to redemption and prepayment
at the option of the City on September 1, 1993, or any date
thereafter, either as a whole or in part (in integer multiples
of $5,000), in inverse order of maturity (and by lot ' if less
than all of a maturity is to be redeemed), at the redemption
pricesi expressed as percentages of the principal amount, set
forth below, plus interest accrued to the redemption date:
Red=Etion Dates Redemption Price
September 1, 1993 and March 1, 1994 102-1/2%
September 1, 1994 and March 1, 1995 102%
September 1, 1995 and March 1 ' 1996 101-1/2%
September 1, 1996 and March 1, 1997 101%
September 1, 1997 and March 1, 1998 100-1/2%
September 1, 1998 and thereafter 100%
Notice of any redemption shall be mailed to:the
address of the registered owner of any Mich Bond as sh6wff-on
the Bond Register, not less than thirty (30) days nor more than
sixty (60) days before redemption date. Notice having been so
mailed, the Bonds or portion of bonds therein specified shall
be due and payable at the specified redemption date--and-price,
with accrued interest, and funds for such payment being held by
or on behalf of the Paying Agent so as to be available
th�erefor,-interest thereon shall cease to accrue, and such
Bonds or portions thereof shall no longer be considered
outstanding under the Bond ordinance authorizing their issuance.
As provided in the Bond Ordinance, and subject to
certain limitations set forth therein, this Bond is
transferable upon the books of the City at the office of
, the Bond Registrar, by the registered
owner hereof or thergo'—fin person or by his attorney -duly -
authorized in writing upon surrender hereof or thereof together
with a written instrument of transfer satisfactory to the Bond
Registrar, duly executed by the registered owner or his
attorney. *on such transfer, the City will cause a new Bond
or Bonds to be issued in the name of.the transferee or
registered owner, of the same aggregate principal amount
bearing interest at the same rate and maturing on the same
date, subject to reimbursement for any tax, fee or governmental
charge required to be paid with respect to such transfer.
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The City and the Bond Registrar may deem.and treat the
person in whose name this Bond is registered as the absolute
owner hereof, whether this Bond is overdue or not, for the
purpose of receiving payment and for all other purposes, and
neither the City nor the Bond Registrar shall be affected by
any notice to the contrary.
IT IS CERTIFIED, RECITED, COVENANTED AND AGREED that
the City has duly authorized and will forthwith construct and
complete the improvements to the System hereinabove described,
has fixed and established and will collect reasonable rates and
charges for the services and facilities afforded by the System
and has created a special Sewerage System Fund into which the
gross revenues of the System, including all additions thereto
.and replacements and improvements thereof, will be paid, and a
separate and special Revenue Bond Account in that fund, into
which will be paid each month, from and as a first and prior
lien on the net revenues of the System then on hand, an amount
equal to no t less than the sum of one -sixth of the interest due
within the next six months and one -twelfth of the principal due
within the next twelve months with respect to all Bonds secured
by-th-e--'Bond Ordinance and payable from that account�, and in
which shall be established and maintained a reserve balance
equal to the maximum amount of principal and interest to become
due on the Series 1983 Bonds'and all outstanding Bonds in any
subsequent fiscal y4ar; that the RevenueZend Account will be
used only to pay the principal of and interest on the Series
1983 Bonds, the outstanding Bonds, and all other Bonds issued
pu . rsuant to and secured by the Bond Ordinance, and such rates
and charges will from time to time be made and kept sufficient
to provide gross income and revenues adequate to pay promptly
the reasonable and current expenses of operating and
maintaining the System and to produce in each fiscal year net
revenues in excess of such current expenses, equal to 125% of
the:,maximum amount of principal and interest payable frcm the
Revenue Bond Account in any subsequent fiscal year; that
additional Bonds and refunding Bonds may be issued and.made
payable from the Revenue Bond Account on a parity with the
Series 1983 Bonds and Outstanding Bonds, upon certain
conditions set forth in the Bond Ordinance but no obligation
will be otherwise incurred and made payable from the net
revenues of the System, whether or not such obligation shall
also constitute a general obligation and indebtedness of the
City, unless the lien thereof shall be expressly made
subordinate to the lien of the Series 1983 Bonds, the
outstanding Bonds and additional parity Bonds on such net
revenues; that all provisions for the security of the bolder of
this Bond set forth in the Bond Ordinance will be punctually
and faithfully performed as therein stipulated; that all acts,
conditions and things required by the Constitution and laws of
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the State of Montana and the ordinances and resolutions of the
City to be done, to exist, to happen and to be performed in
order to make this Bond a valid and binding special obligation
of the City according to its terms have been done., do exist,
have happened and have been performed as so required; and that
this Bond and the interest hereon are payable solely from the
net revenues of the System pledged and appropriated to the
Revenue Bond Account and do not constitute a debt of the City
within the meaning of any constitutional or statutory
limitation or provision and the issuance of this Bond does not
cause either the general or the special indebtedness of the
City to exceed any constitutional or statutory limitation.
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sells,
assigns and transfers unto the within
Bond and all rights thereunaer, and reby irrevocably
constitutes and appoints attorney to
transfer the within Bond on the books kept for registration
thereof, with full power of substitution in the premises.
Dated:
PLEASE INSERT SOCIAL SECURITY
OR OTHER IDENTIFYING NUMBER
OF ASSIGNEE:
NOTICE:- - The signature --to t
assignment must correspond
with the name as it appears
upon the face of the within
Bond in every particular,
without alteration or
enlargement or any change
whatsoever.
Section 3. Series 1983 Bonds.
3.01. Date, Denomination, Serial Numbers and
"-- 1983, to
Maturities. The Sewerage System Revenue Bonds, Series
be issue reunder, in the aggregate principal amount of
$875,000, shall be dated as of September 1, 1983, shall be
issued in fully registered form only in the denomination of
$5,000 each or any integer thereof of a single maturity,
numbered serially from 1 to 175, shall mature in order of
serial numbers on September 1 in the following respective years
and amounts -and shall bear interest from September 1, 1983 to
their respective maturities or prior dates upon which they have
been duly called for redemption at the rates per annum. set
forth opposite such years and amounts, as follows-.,
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Interest Interest
Year Amount Rate Year Amount Rate
1984 $15,000 % 1994 $40,000
1985 15,000 1995 45,000
1986 15,000 1996 45,000
1987 20,000 1997 55,000
1988 20,000 1998 60,000
1989 25,000 1999 65,000
1990 25,000 2000 70,000
1991 30,000 2001 80,000
.1992 30,000 2002 90,000
1993 35,000 2003 95,000
3.02. Interest. The interest shall be payable
semiannually on September 1 and March 1 in each year,
comencing March 1, 1984.
3.03. Redemption. None of the Series 1983 Bonds
maturing in the years 1984 through 1993 shall be subject to
redemption before maturity. The Series 1983 Bonds maturing in
the years 1994 through 2003 will be each subject to redemption
and prepayment at the option of the City, in whole or in part
(in integer multiples of $5,000), in inverse order of their
maturity years as between Bonds maturing in different years and
in the order establ-ished by lot for Bond& maturing in the same
year, on September 1, 1993, and any interest payment date
thereafter at the redemption prices, expressed as a percentage
of the principal amount of the Bonds to be redeemed, set forth
below opposite the respective redemption dates plus accrued
interest to the date of redemption:
Redemption Date RedMEtion Price
Septeid34r 1, 1993 and March 1, 1994 102-1/2%
September 1, 1994 and March 1, 1995 102
September 1, 1995 and March 1, 1996 101-1/2
September 1, 1996 and March l,' 1997 101
September 1, 1997 and March 1, 1998 100-1/2
September 1, 1998 and thereafter 100
Notice of redemption shall be mailed to the address of the
registered owner of any such Bond as shown on the Bond
Register, not less than thirty (30) days nor more than sixty
(60) days before the redemption date. Notice having been so
mailed, the Bonds or portion of Bonds therein specified shall
be due and payable at the specified redemption date and price,
with accrued interest, and funds for such payment being held by
or on behalf of the Paying Agent so as to be available
therefor, interest thereon shall dease to accrue, and such
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Bonds or portions thereof shall no longer be considered
outstanding under this Resolution.
Bonds in a denomination larger than $5,000 may be
redeemed in part ($5,000-or any integer multiple thereof). The
holder of any Bond redeemed in part will receive, upon
surrender to the Bond Registrar of such Bond, a new Bond in
principal amount equal to the unredeemed portion of the Bond so
surrendered. All selections of Bonds by lot shall be made by
the Bond Registrar -
3.04. Paying a�ent. Principal of and interest on the,
Series-1983 Bonds shall be payable at
in #I ' and the
reasonable and customary charges of the paying agent or agents
shall be paid from the Operating Account in the Sewerage System
Fund. The Mayor is authorized to execute and deliver, on
behalf of the City, a contract with the Paying Agent. Upon
merger or consolidation of a paying agent, if.the resulting
corporation is a bank or trust company authorized by law to
conduct such business, such corporation shall be authorized to
act as successor paying agent. Upon the resignation of paying
agent, which shall be communicated in writing to the City not
less than ninety days before it shall become effective, the
City reserves the power to appoint a successor paying agent.
No resignation and no appointment of a successor paying agent
shall become effective until the date specified in a not=e of
the resignation of appointment which the City shall cause to be
published in a financial newspaper of national circulation
published in New York City, New York, not less than thirty days
before said effective date.
3.05 Registration. The City shall appoint, and shall
maintain, a Bond Registrar and Paying Agent. The effect of
registration and the rights and duties of the City and the Bond
Registrar with re'spect thereto shall be as follows;
(a) Bond Register. The Bond Registrar shall keep at
its principal corporate trust office the Bond Register in which
the Bond Registrar shall provide for the registration of
ownership of Bonds and the registration of transfers and
exchanges of Bonds.
(b) Transfer. Upon surrender for transfer of any
Bond duly endorsed by,'the registered owner thereof or
accompanied by a written instrument of transfer, in form
satisfactory to the Bond Registrar, duly executed by the
registered owner thereof or by an attorney duly authorized by
the regist4ered owner in writing, the Bond Registrar shall
authenticate and deliver, in the name of the designated
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transferee or transferees, one or more new Bonds of a like
aggregate principal amount and maturity, as requested by the
transferor. The Bond Registrar may, however, close the books
for registration fifteen (15) days preceding each interest
payment date and until'such interest payment date. No transfer
of a Bond shall affect its order of registration for purposes
of redemption.
(c) Exchange of Bonds. Whenever any Bonds are
surrendered by the registered owner for exchange, the Bond
Registrar shall authenticate and deliver one or more new Bonds
.of.a like aggregate principal amount and maturity, as requested
in writing by the registered owner or the owner's attorney.
(d) Cancellation. All Bonds surrendered upon any
transfer shall be promptly cancelled by the Bond Registrar and
thereafter disposed of as directed by the City.
(e) improimr or Unauthorized Transfer. When any Bond
is presented to the Bond Registrar for tran , the Bond
Registrar may refuse to transfer the same until it is satisfied
that the endorsement on such Bond or separate instrument of
..'d genuine and that- tlle' requested teansfer
transfer is valid an
is. legally authorized. The Bond Registrar shall incur no
liability for the refusal, in good faith, to make transfers
which it, in its judgment, deems improper or unauthorized.
(f) Persons Deemed Owners. The City and the Bond.
Registrar may treat the person in whose name any Bond is at any
time registered in the Bond Register as the absolute owner of
such Bond, whether such Bond shall be overdue or not, for the
pt�rpose of receiving payment of, or on account off the
principal -of and interest on such Bond and for all other
purposes, and all such payments so made to any such registered
owner or upon the owner's order shall be valid and effectual to
satisfy and discharge the liability upon such Bond to the
extent of the sum or sums so paid.
(g) Taxes, Fees and Charges For every transfer of
Bonds, the Bond Registrar may impose � charge upon the owner
thereof sufficient to reimburse the Bond Registrar for any tax,
fee or other governmental charge required to be paid with
respect to such transfer.
(h) Mutilated, Lost, Stolen or Destroyed Bonds. In
case any Bond shall become mutilated or be ciestroyed, stolen or
lost, the Bond Registrar shall deliver a new Bond of like
amount, number, maturity date and tenor in exchange and
substitution for and upon cancellation of any such mutilated
Bond or in lieu of and in substitution for any Bond d*stroyed,
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stolen or lo . st, upon the payment of the reasonable expenses and
charges of the Bond Registrar in connection therewithl and, in
the case of a Bond destroyed, stolen or lost, upon filing with
the Bond Registrar of evidence satisfactory to it that such
Bond was destroyed, stolen or lost, and of the ownership
thereof, and upon furnishing to the Bond Registrar of an
appropriate bond or indemnity i ' n form, substance and amount
satisfactory to it, in which both the City and the Bond
Registrar shall be named as obligees. All Bonds so surrendered
to the Bond Registrar shall be cancelled by it and evidence of
such cancellation shall be given to the City. If the
mutilated, destroyed, stolen or lost Bond has already matured
or such Bond has been called for redemption in accordance with
its terms it shall not be necessary to issue a new Bond prior
to.payment.
3.06. Execution and DeliveLy. The Bonds shall be
executed in the name of the City of Kalispell by.the signatures
of the Mayor and the City Clerk; provided that all signatures
placed on Bonds may be,printed facsimiles of the originals
thereof. Bonds bearing the signatures or facsimile signatures
of persons who are or were the proper officers of the City
Council at the date of execution thereof shall be valid and
binding obligations notwithstanding that such persons or,any of
them may have or may not have held such offices before the
delivery of the issbe of the Bonds. NotWithstanding such
execution,' no Bond shall be valid or obligatory for any purpose
or.entitled to any security or benefit under this Resolution
unless and until a certificate of authentication on such Bond
has been duly executed by the manual signature of an authorized
representative of the Bond Registrar. Certificates of I
authentication on different Bonds need not be signed by the
sa.,me representative. The executed certificate of
authentication on each Bond shall be conclusive evidence that
it has been authenticated and delivered under this Resolution.
All Bonds shall be"recorded before delivery in the office of
the Treasurer. The Treasurer, or an agent designated by the
Treasurer, shall deliver the Bonds to the Uniderwriters upon
payment of the purchase price stated in the Bond Purchase
Agreement accepted by the City Council, and.the Underwriters
shall not be obligated to see to the application of the
proceeds of the Bonds.
3.07. Transcript Certification. The officers of the
City are directed to furnish to the purchasers of the Series
1983 Bonds certified copies of all proceedings and information
1xi their official records relevant to the authorization and
issuance of the Bonds, and such certificates and affidavits as
to other matters appearing in their official records or
otherwise known to them as may be reasonably required to
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evidence the validity and security of the Bonds, and all such
certified copies, certificates and affidavits, including any
heretofore furnished, shall constitute representations and
recitals of the City as to the correctness of all facts stated
therein and the completion of all proceedings.stated therein to
have been taken -
3.08. Appointment of Initial Bond Registrar. The
City Council hereby appoints I of
A, , as the initial Eond
Registrar. The Mayor is authorized to execute and deliver, on
behalf of the City, a contract with the Bond Registrar. Upon
merger -or consolidation of the Bond Registrar with another
corporation, if the resulting corporation is a bank or trust
.company authorized by law to conduct business, such corporation
shall be authorized to act as successor Bond Registrar. The
City reserves the right to remove the Bond Registrar upon
thirty (30) days notice and upon the appointment of a successor
Bond Registrar, in which event the predecessor Bond Registrar -
shall deliver all cash and Bonds in its possession to the
successor Bond Registrar and shall deliver the Bond Register to
the successor Bond Registrar.
Section 4. Apropriation of Bond Proceeds and Security
of the Series 1983 Bonds.
4.01. Proceeds. The proceeds of the Series 1983 .
Bonds are approp�riated to the sewerage System Fund created by
Ordinance No. 8059. To the Revenue Bond Account within the
Sewerage System Fund shall be credited the premium, if any, and
accrued interest on the Series 1983 Bonds and an amount
sufficient to increase the Reserve to be maintained therein to
an'amount equal to the maximum am - ount of principal of and
interest due on the outstanding Bonds and the Series 1983 Bonds
in any future fiscal year. The balance of the proceeds of the
Series 1983 Bonds shall be credited to the Construction Account
within the Sewerage System Fund and applied to payment of costs
of the 1983 Improvements.
4.02. Security for Series 1983 Bonds.. The Series
1983 Bonds are issued under Section 4.03 of Ordinance No. 8059
and sball, with the Outstanding Bonds, and any other additional
bonds issued under the provisions of said Section 4.03, be
equally and ratably secured by the provisions of Ordinance No.
8059 and this Resolution and payable out of the net revenues
appropriated to the Revenue Bond Account of the Sewerage System
Fund, without preference or priority, all as provided in
Ordinance No. 8059. The City shall keep, perform and observe
each and every one of its covenants and undertakings set forth
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in ordinance No. 8059 and shall cause the 1983 Improvements to
be undertaken and completed. expeditiously.
4.03.. EPA Grant. The City shall keep perform and
observe each of its agreements and obligations regarding the
EPA Grant and take allnecessary, lawful and appropriate action
to insure receipt of the EPA Grant and application of the
proceeds.thereof to the payment of costs of the 1983
Improvementa
Section 5. Effective Date. This Resolution -shall be
in full force and effect from and after its final passage and
approval according to law.
ATTEST:
City Ul erk
Passed by the City Council and
approved by the Mayor this 15th
day of August, 1983.
APPROVED:
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Mayor
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