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RES 88-039 RELATING TO $210,000 GENERAL OBLIGATION SEWER REVENUE BONDS OF 1988; AUTHORIZING THE ISSUANCE, AWARDING THE SALE, FIXING THE FORM AND DETAILS, AND PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND SECURITY THEREFOR
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RES 88-039 RELATING TO $210,000 GENERAL OBLIGATION SEWER REVENUE BONDS OF 1988; AUTHORIZING THE ISSUANCE, AWARDING THE SALE, FIXING THE FORM AND DETAILS, AND PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND SECURITY THEREFOR
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1/26/2016 12:32:52 PM
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12/30/2015 5:44:10 PM
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21
SP Folder Name
RES 1988
SP Name
CC MINUTES 07271988
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• and have been performed in regular and due form, time and <br /> manner as so required; that in and by the Resolution, the City <br /> has covenanted and agreed with the holders of the Bonds that it <br /> will impose and collect charges for the service, use and <br /> availability of its sewer utility at the times and in amounts <br /> required to produce net revenues adequate, to pay all principal <br /> of and . interest on the Bonds and on all other bonds payable <br /> from net revenues of the sewer utility as such principal and <br /> interest respectively become due; that, if needed to pay such <br /> principal and interest , ad valorem taxes will be levied upon <br /> all taxable property in the City, without limitation as to rate <br /> or amount ; and that this Bond, together with all other <br /> indebtedness of the City outstanding on the date hereof , and on <br /> the date of its actual issuance and delivery, does not exceed <br /> any constitutional or -statutory limitation of indebtedness . <br /> The following abbreviations , when used in the <br /> inscription on the face of this Bond, shall be construed as <br /> though they were written out in full according to the <br /> applicable laws or regulations : <br /> TEN COM -- as tenants . UNIF GIFT MIN ACT. . . . .Custodian. . . . . <br /> in common (Cust) (Minor) <br /> • TEN ENT -- as tenants <br /> by the entireties <br /> under Uniform Gifts to <br /> JT TEN -- as joint tenants Minors <br /> with right of <br /> survivorship and Act . . . . . . . . . . . . . . . . . . . . . . <br /> not as tenants in (State) <br /> common <br /> Additional abbreviations may also be used. <br /> -6- <br />
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