Loading...
HomeMy WebLinkAbout0993 ~ . . ~ , - - . ~ > - - ~ . . , - f ~ < ~ 1 , . : , _ . ~ . . _ , ~ _ ; . . . r r. . , - , , : , ` : _ _ : ~ _ ~ . . . . . - ~ ~ s - . . . - . - . - . . ~ ~ ~ - ' 4., . J_ y~~ . . . - ~ - - - ~ ~ , a , . _ - . , - . . - ' • . . . . . . F ~ , . . - . . . . .l. _ . . . T : Y _ ` . ~ } _ ~ . - Y.~k t ~ -_t. 5, _ f ~ 1 9 ' - ~ .t ' ' - _ ; l ` . : t . . ~ ~ . , \ _ _ : : ~ ~ ~ , ' _ f ' . . • ' - " ~ 1 . " . : ~ : _ 2 ~ ~ ~ : ~ . ; " _ . _ - . ~ . . . . _ _ _ L _ :..1 Y . . . . r - " . . . , . - : f , . , ' . . . . : . % , _ . . . , ' c~ ~ , . ~ _ _ - - ~ - - Dt ~ ' - 3 ~ a sa~e... 1~ ~a ar ~ si~-~~,r..r, •~•~'`<tY °'s'~'``'i . deen+ed' to be a general obliqation or indeb,tedness Qf the St~?te, ~ , _ : t ' the Cctu~ty or any agen~y or instrumentality_ Qf eittier of 'them. -°~hs_ Note sh~?11 ~not aonstitute~ a l~en upon the Project Qr upon any` {f o~h~r property of or _in the. County other than the Pledyed s-` . . The j=: ~ -Revenues-:in the manner pro~ided in this Resolution~ Noteholder shall not h~ve, ~the right to req~ire or to compel the ~ levy of md valorem ~ taxes -upon any property of or ~n the Couinty or ~ - to compel the payment of the Notc and the interest _thereon' from ~ any moneys of the County other than tl~e_Pledged Revenues in the manner provided herein. • . _ ~ - ( E)~ The County has :no~ and wi ll not issue in excess of : - _ _ , "Ten Million Dollars CS~0;000,000) in tax-exempt obligations during, the calendar ' year e~ding December 33-, 1987; so tht~t the - Note may be a qualified tax-exempt obiigation under SeCtion ~ 265ib)t3~i~) of:the Code. - ~ - SECT~ON R£50LUTION T~~CaNSTITtJTE CONTRACT. In con-• sic3eration of _the acceptance af t2~e Note authorized to ~ deli- . ~ vered he~eunder~, this Resolution., the Commitment Lettes, and the Note all shall be deemed to be and sha13 constitute a contra~t betwesn the County and the Noteholder. The covenants and a . _ . . a~reements set forth hexein to be gerfarmed by the Caunty shall . be for Lhe benefit, ~rotec*_ion and security of the Noteholae=, and any requirements of the Catm~aitment Letter not otherwise ~ ~ ~ • -12- , - RdF (LtiCIEp30 ) lA-1+5 (1a~/16/87 ) _ ` . . _ s . Qo'~5~ ~~5 _ - F-; . . : r. _ ~ ~ . - - ::Y.S' .~f ~ ' q _ ' :2' • 4 ' ~ _ . ~ . . _ - . . ~ . S