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Resolution 0940
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00500 - 00999 (1970-1979)
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Resolution 0940
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Last modified
10/30/2019 8:59:27 AM
Creation date
7/17/2018 7:44:52 AM
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MV City Council
City Council Document Type
Resolutions
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f)f t_jj tht-rc, lilt thib <br />, , t I -ICU! ('f t ill- <br />trai-JAI �Yililv Upon Lhe b"KIP �4 OL Lhe <br />City cirry, by till" P_�'LL j" �;(- I -!1,_-,n (u Y2 Y <br />fl '411 1 <br />1AUtlildr W1 ot trar- I ut <br />ij L <br />2t1jvr w til t, wl� t t_el, i,4:�trUrnt <br />- -Or to <br />lit UL <br />ratisfactory to Lho (iity Murk, fluly c�evllt" by t1lu PAO or <br />afor thp City Clar), <br />his duly authCrizc-d ""Onti, UPQn sue" tran V. <br />will note the- dAt'll ut rtqi*tratiujj onj tto nPme and addruhrl Of <br />the- regiatr4tiatt bltis;X t1PPetArilig <br />th,7 ptjw regiqturad PLAYeU iP <br />below. Alternativu-1Y, th" CitY will at of "a <br />- # Sp iggUp nL-W IFIA60 In aygrogate <br />Payee W at tho Payfllr= A 6AF-W-n— - - nC'P&l 6k, thin <br />pvinaip4l ".aunt vqvul to the UnPaid Pri 3 - <br />Note, ana ot like tenov oxcept ani to number, pri4*ipal OmOunt, <br />anti - tfa 4mount oil' the monthly instal ljilanLu payjplu thereunder, <br />uch trane-fareep as <br />and reykatered in the namu Of thu P&Yec- Or r <br />�v_ _i... j_or.j anti tront <br />may be dtirii9nalled DY tile lvaywtf. 1,1.� <br />tv-,e perisoin in Whoma nAme th@ Note is last reyistered upon tile <br />books of tijq City, with such registration noted on thO Note, <br />as the AbAolute owner horeof, whrthar or not overdut, for the <br />(I3unt of the PrinGipal <br />Purposo of receiving Paymillint Of Or On 00- <br />Bal,ancell radiomption price or iiiterefft AIVA for all other <br />Anj all such payment$ so made to the Payee 0V upon <br />purposes, to satisfy and <br />his order shall be volid and offeCtU&l <br />the liaLlility upon thQ Note to the extent of this sum <br />disoharge <br />or sums to paid, and the City shall not be &f fected by any <br />--notion to -the --- go-n-trorl t__ <br />12. All of the agrahmentsit Conditions, 0Dv6n&nt4# <br />r7_7--- alned Ir, the Resolution, <br />stipulatiano cant <br />_16a K' AgVLOMAt �and- -(1OftStVM0W <br />of Ujig Note to the saffiL extent anA With <br />7 fair th* - W#,vv. iulky _r4t.1o_Y_W <br />the- dam at aft&� of �tjgt <br />_7 <br />bie- 90101Y frW* -th*--* <br />at _MiAA dUt b4IMUndet are Ma- <br />_PrV_ th <br />proceeds dori qL-d from -the- Won )W",*Om*nt# a-- <br />WeVINUMvo and th .1 the <br />titute a debt of thw City <br />Hor-tqagg jrd' do not cr)nm hre Mt <br />lot-IRAT co"aUtut -�Oma - <br />pjj�aojla trom or a charge Won aftY fund# dthur t <br />-roof, and do <br />Alnual V and -proL:,u tide pledged to the payment the <br />not give r"o to 0 pgcunimory-liabillty <br />any of its offtcerst ogental at <br />vittent p4rmittod by lrw, of <br />-.0 shall ever havu tnit <br />and -no holder.of.thiP�NOt <br />compel. any exorcise of tho tax 1,figj, po-we-r -of thin -C. i-ty- <br />FT right to forco <br />--to, -pay-- this -Not* or the interest thereon, or to an <br />M cc Paymelit, thar9of against any <br />payment theveont Or to onfor <br />propecty of the City, and thim Nr%#4*A An@r not coratitutiS A <br />charge, lion or encumbrance, legal or aquitablaii jpQn any <br />EEL of the City to Perform <br />property of the City, anl the agre4ment. <br />-9- <br />
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