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CITY-OF-BATESVILLE
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Last modified
4/30/2019 1:48:20 PM
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8/22/2018 12:30:21 PM
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d*r'v*d tram t:b* ft*J*ct for th* PAYw=t Of tb*, principal of and <br />Int"eat On tho bMW*$ but nsthj% h*r#jA #boll be coustra*4 as pro,. <br />hibiting the City fr4a dQj% so* <br />1MI19H, Aa, As bovecofort, pwvj"d iA SO4tion 503(a) <br />tyre am"" ;Cwwla'% '* the C0"txwtiQA ft" (hOrki"fur tr"ted) <br />#Xte'r 'rr*j*ct SU" bs" "**c* LU14 tIwVI*t*4 UA paid for Is <br />to :to the rMd. ftrs"At to Lbu Prov,slo," of <br />S*Ction 306 of th& Whit*-Aodgers L*AseAgresamr- (1) such r*msinj% <br />�w <br />4 mxiam of $22S8,0001, is W r0wolu U aW to part of dw <br />Bond Alud as a r"orvo (W bf U404 as harolzaft*r serf iqA), (2) <br />*%Wh "m"AiU& WOURt is 4=esa 4f $12500000, but w4at to 0M*ed 4�1000,0 <br />'s to 11* credited 064iAst tht 1ASWI.Immt, of basJ4 rent Met &w to <br />Lt paid Ly LOSS" Pux"Wat to Uwtion 301 of the Whito-oxaftairs <br />Loose Agretvout, and (3) s%wh ranjujag &Nowt Dot disposed of in <br />accordww4 with the obvft is to be used for the redemption of baWa <br />is Occ*rd&ftc* witA ChO PrOAslaus pertaining to redQ*tjou #,"_ <br />WWV* W faith in this judeatu". Tbo said rtswvc (wh*thw <br />tr*atod out of tb* r0ftsiftift &MMUSt In theConstructiog yvwA, <br />'*Ww* 8*t 1cwth,# Or Out Of Um Adati"41 basic rent paymuts set <br />f*tth In SectIon, 302 of tbft'kUt*-RQ4WS Loose Agreowat) #b&ll <br />rowin in 4nd be part of tb& gOO4 Fund as & r6serve for pa witen <br />d" of tbo petwipol of OW Interest an the book,, if r*qM11,64 for <br />that PUVPQ"o and Oth4twi" SMIIL vewain LU thS bs" hmd and bo <br />mosdo to the extent Of dw 440"t tbe'roof" for tb* Payment of tbo <br />lost b*"s 'Alas "t"a"Ift WA*r this 1440UMV0, If for wW <br />reason the 0900ye, ta dw a*" FMd# emlusive of tbe amount in such <br />r0aw"s shall at as tam %ALI* aw of tbo bouds issued borean"r <br />shall be outst"Ai% be insufficient to soot when due &W principal <br />and/or tatorroot paywat & tho r*"rvo 0 or the r*quirad Portion thereof, <br />.00e:l <br />
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