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2008-11-01
CITY-OF-BATESVILLE
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2008-11-01
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• TRUST INDENTURE <br /> This TRUST INDENTURE, dated as of December 1, 2008, by and between the CITY OF <br /> BATESVILLE,ARKANSAS,a municipality organized and existing under the laws of the State of <br /> Arkansas(the"Issuer"),and REGIONS BANK,a banking association organized under and existing <br /> by virtue of the laws of the State of Alabama,with a corporate trust office in Little Rock,Arkansas <br /> (the "Trustee"). <br /> WITNESSETH: <br /> WHEREAS,the Issuer is authorized and empowered under the laws of the State of Arkansas, <br /> including particularly Title 14,Chapter 164,Subchapter 2 of the Arkansas Code of 1987 Annotated <br /> (the"Act"),to issue revenue bonds and expend the proceeds thereof to finance the cost of acquiring, <br /> constructing and equipping facilities for securing or developing industry; and <br /> WHEREAS, pursuant to and in accordance with the provisions of the Act, the Issuer <br /> proposes to issue its revenue bonds under the Act in the aggregate principal amount of$100,000,000 <br /> (identified in Article I hereof and referred to herein as the"Bonds"),for the purpose of financing the <br /> cost of acquiring, constructing and equipping certain industrial facilities located within the <br /> boundaries of the Issuer (described in Article I hereof and collectively referred to herein as the <br /> "Project"),and to lease the Project to Scroll Compressors LLC,a Delaware limited liability company <br /> (the "Company"), such lease to be upon the terms and conditions set forth in a Lease Agreement <br /> • dated as of December 1,2008(the"Lease Agreement%by and between the Issuer and the Company; <br /> and <br /> WHEREAS,all things necessary to make the Bonds,when authenticated by the Trustee and <br /> issued as in this Trust Indenture provided, the valid, binding and legal obligations of the Issuer <br /> according to the import thereof,and to constitute this Trust Indenture a valid assignment and pledge <br /> of revenues to the payment of the principal of and interest on the Bonds, in accordance with the <br /> provisions hereof, have or will have been done and performed, and the creation, execution and <br /> delivery of this Trust Indenture and the creation,execution and issuance of the Bonds,subject to the <br /> terms hereof,have in all respects been duly authorized; and <br /> WHEREAS, the Trustee has agreed to accept the trusts herein created upon the terms set <br /> forth herein; <br /> NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS, THIS TRUST <br /> INDENTURE WITNESSETH: <br /> GRANTING CLAUSES <br /> That the Issuer in consideration of the premises and the acceptance by the Trustee of the <br /> trusts hereby created and of the purchase and acceptance of the Bonds by the holders and owners <br /> © thereof,and the sum of One Dollar($1.00),lawful money of the United States of America,to it duly <br /> paid by the Trustee,at or before the execution and delivery of these presents,and for other good and <br />
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