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2008-11-01
CITY-OF-BATESVILLE
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2008-11-01
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facsimile shall nevertheless be valid and sufficient for all purposes,the same as if he had remained <br /> in office until delivery. <br /> Section 206. Limited Obligation. The Bonds, together with interest thereon, shall be <br /> payable from the Bond Fund, as hereinafter set forth, and shall be a valid claim of the holders <br /> thereof only against the Bond Fund and the Revenues pledged to the Bond Fund,which Revenues <br /> are hereby pledged and mortgaged for the equal and ratable payment of the Bonds (principal and <br /> interest)and shall be used for no other purpose than to pay the principal of and interest on the Bonds, <br /> and the Trustee's fees,except as may be otherwise expressly authorized in this Indenture. The Bonds <br /> and interest thereon shall not constitute an indebtedness of the Issuer within the meaning of any <br /> constitutional or statutory provision and shall never constitute an obligation or charge against the <br /> general credit or taxing powers of the Issuer. <br /> Section 207. Authentication. Only such Bonds as shall have endorsed thereon a certificate <br /> of authentication substantially in the form set forth in Exhibits A and B attached hereto duly <br /> executed by the Trustee shall be entitled to any right or benefit under this Indenture. No Bond shall <br /> be valid and obligatory for any purpose unless and until such certificate of authentication shall have <br /> been duly executed by the Trustee, and such certificate of the Trustee upon any such Bond shall be <br /> conclusive evidence that such Bond has been authenticated and delivered under this Indenture. The <br /> Trustee's certificate of authentication on any Bond shall be deemed to have been executed if signed <br /> by an authorized signatory of the Trustee,but it shall not be necessary that the same signatory sign <br /> the certificate of authentication on all of the Bonds issued hereunder. <br /> Section 208. Delivery of the Bonds. The Issuer shall execute and deliver to the Trustee and <br /> the Trustee shall authenticate the Bonds and deliver said Bonds to the Purchaser or the representative <br /> thereof. Prior to the delivery or original issuance by the Trustee of any authenticated Bonds there <br /> shall be or have been delivered to the Trustee: <br /> (a) Original executed counterparts of this Indenture and the Lease Agreement(or,in the <br /> case of Additional Bonds, supplements thereto). <br /> (b) A written order to the Trustee by the Issuer to authenticate and deliver the Bonds to <br /> the Purchaser upon payment to the Trustee,but for the account of the Issuer, of a sum specified in <br /> such order plus or less accrued interest thereon, if any, as the case may be, to the date of delivery. <br /> (c) A copy, duly certified by the Clerk, of the proceedings of the City Council of the <br /> Issuer authorizing the issuance of the Bonds. <br /> (d) An opinion of Bond Counsel to the effect that the Bonds have been validly issued and <br /> are legally binding and enforceable under this Indenture. <br /> Section 209. Mutilated,Destroyed or Lost Bonds. In case any Bond issued hereunder shall <br /> become mutilated or be destroyed or lost,the Issuer shall, if not then prohibited by law,cause to be <br /> O <br /> 9 <br />
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