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Agenda - 06-24-1986
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Agenda - 06-24-1986
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10/11/2016 2:43:46 PM
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BOCC
Date
6/24/1986
Meeting Type
Regular Meeting
Document Type
Agenda
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(a) It will arrange for, manage and carry out the <br /> Acquisition of the Industrial Project for and on behalf of <br /> the Authority. <br /> (b) It will make arrangements for the sale of the <br /> industrial development revenue bonds and cooperate with the <br /> Authority in making arrangements for the issuance of the <br /> industrial development revenue bonds in an aggregate <br /> principal amount not exceeding $1,250,000 and to the extent <br /> that the proceeds derived from the sale of the industrial <br /> development revenue bonds are not sufficient to complete the <br /> Industrial Project, the Company will supply all additional <br /> funds which are necessary for the completion of the <br /> Industrial Project. <br /> (c) Contemporaneously with the delivery of the <br /> industrial development revenue bonds the Company will enter <br /> into a financing agreement and such related agreements as <br /> shall be necessary or appropriate so that the Company will <br /> be obligated to pay for the account of the Authority sums <br /> sufficient in the aggregate to pay the principal of and <br /> interest and redemption premium, if any, on the industrial <br /> development revenue bonds when and as the same shall become <br /> due and payable. <br /> (d) It will take such further action and adopt such <br /> proceedings as may be required to implement its undertakings <br /> hereunder. <br /> 6. <br />
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