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Resolution 0941
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00500 - 00999 (1970-1979)
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Resolution 0941
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Last modified
10/30/2019 8:59:27 AM
Creation date
7/17/2018 7:44:53 AM
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MV City Council
City Council Document Type
Resolutions
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1 i 2 1 t <br />t I V n r) t 1 1 !if, J -I <br />!,4() t j qnmrl 11 t f i,tT p� el rilf !;Iv 11 t <br />C. jr An- C-1U'r-'r (locumont rr.1 rri v di t, 1 j, F, t it i, n I t" t lit - <br />7 <br />Flo," <br />A I f U h fe ho t <br />f,tj t f� <br />IVO payable f rGiR or be a ch-ariju OVAL;') ind b of Lhe C jc LY <br />other thavi the rovontiol�-. Al -Al PrOCOOdra PiOLIC14od tu I the PP�Imnt <br />- J= I <br />-1 L . .1 <br />ill t-t,#e Cit -y bo sub'eu to any ObI tY <br />theroolo nor. rNh- , LI - <br />thereuno nor 6Y.All thu Note otherwise cortributo or givc <br />rIVO to a PO'CuniAr.-I liabil-lity of the City or, to "Ahe e—Ift-drit <br />permitted by law, Aity of the Citylni officeis, eirployOGS 40 <br />Agentil. No holaer of the Note mhall over have tn righL W, <br />compal any taxirg power of thg City to pay the <br />exorcise of <br />tit t,ioraof <br />Note or the int9rarat thoreon, or to enforce Payme <br />Agaipst any property of the Cityl and the Alote %hdI1 not <br />legal or tq.. <br />constitute a charge, lipil or ancumbrance, uitable, <br />constitute a dab! of the city w.'Lthin tho meaning of any <br />constivitta"l or statutory limitationi but nothing in the <br />Act J" ghts of the Martuagoo L-0- Oriffirca the <br />irs vis ri <br />covvAgnto mdtk for the security thereof as Provid*4 in this <br />Rsgolutionj the Loan Agreement, the MortgaVe, the AssignMOnt <br />of "-Oisqis and Iftntof ajid I.n the Act, and by autliority Of <br />the Adt the City has made tile coverAnts and aVi�eoments <br />that in <br />jor the <br />apy event# the r-ement of the City to perform the co v so na ritsi <br />the Note, the Loan <br />wA- *+.Imtr prawt:Ko contained in <br />*nt arA mnstruction Loary Agreement shall be <br />-AvaLlibili <br />Aii <br />S*jgo+. &t oil time to t ty iVrevenuaw <br />7-1al A910-ament sufficient -to _rav <br />i -or Ube Orif-Gra"Ont --Mtreq! nd__�Ow_ <br />Jain to it t-tvr necunlary 1-i-MA-1-ity <br />
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