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2001-03-01
CITY-OF-BATESVILLE
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2001-03-01
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6/3/2016 10:31:51 AM
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Series 2001 Bonds shall be subject to redemption prior to maturity <br /> as hereinafter set forth. <br /> Section 3 . The Series 2001 Bonds shall be executed on <br /> behalf of the City by the Mayor and City Clerk and shall have <br /> impressed thereon the seal of the City. The Series 2001 Bonds may <br /> be signed by the facsimile signature of the Mayor and the facsimile <br /> signature of the City Clerk. The Series 2001 Bonds are secured on <br /> a parity of lien, pledge and security with Additional Bonds, issued <br /> under this Ordinance, and the term "Bonds" refers to and includes <br /> the Series 2001 Bonds and any Additional Bonds outstanding <br /> hereunder. The Bonds, together with interest thereon, shall be <br /> payable solely out of the Water and Sewer Revenue Bond Fund, <br /> hereafter described, and shall be a valid claim of the holders <br /> thereof only against such fund and the amount of revenues pledged <br /> thereto or deposited therein, which revenues are hereby pledged and <br /> mortgaged for the equal and ratable payment of the Bonds and shall <br /> be used for no other purpose than to pay the principal, premium, if <br /> any, interest and Trustee ' s and Paying Agent ' s fees on and in <br /> connection with the Bonds . The Bonds shall not constitute an <br /> indebtedness of the City within any constitutional or statutory <br /> limitation. <br /> Section 4 . The Series 2001 Bonds shall be in <br /> substantially the following form and the Mayor and City Clerk are <br /> hereby expressly authorized and directed to make all recitals <br /> contained therein: <br /> ® 3 <br />
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