My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
722
CITY-OF-BATESVILLE
>
City Clerk
>
Ordinances
>
1966
>
722
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/30/2019 2:05:15 PM
Creation date
8/23/2018 8:11:28 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
29
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
on <br />Page 18 <br />0 <br />(f) All moneys in the Second Lien Revenue Bond Fund <br />shall be used solely for the purpose of paying the principal of <br />and interest on the bonds of this issue and the Paying Agent's <br />fees, except as herein specifically provided. <br />(g) It shall be the duty of the Treasurer to withdraw <br />from the Second Lien Revenue Bond Fund at least ten (10) days <br />before the maturity date of any bond or interest coupon issued <br />hereunder and to deposit with the Paying Agent an amount equal <br />to the amount of such bond or coupon for the sole purpose of <br />paying the same, together with the Paying Agent's fees, and no <br />withdrawal of funds from said Second Lien Revenue Bond Fund shall <br />be made for any other purpose, except as otherwise authorized in <br />this Ordinance. Such deposit shall be at the sole risk of the <br />City and shall not operate as a payment of the bonds or coupons <br />until so applied. <br />(h) The bonds of this issue shall be specifically <br />secured by a pledge of all the revenues required to be placed <br />into the Second Lien Revenue Bond Fund. Said pledge in favor of <br />the bonds is hereby irrevocably made according to the terms of <br />this Ordinance, and the City and its officers and employees shall <br />execute, perform and carry out the terms thereof in strict con- <br />formity with the provisions of this Ordinance. <br />Section 12. Second Lien Contingency Fund. There is <br />hereby created, and so long as any of the bonds issued hereby <br />are outstanding, there shall be maintained a special fund to be <br />known as the 1tSecond Lien Contingency Fund," into which there <br />
The URL can be used to link to this page
Your browser does not support the video tag.