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Agenda 05-02-2019 - 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of $16,950,000 in Installment Purchase Financing for Various Capital Investment Plan Projects
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Agenda 05-02-2019 - 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of $16,950,000 in Installment Purchase Financing for Various Capital Investment Plan Projects
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4/25/2019 5:09:19 PM
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BOCC
Date
5/2/2019
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
6-a
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Agenda 05-02-2019 Regular Board Meeting
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\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 05-02-19 Regular Meeting
Minutes 05-02-2019 Regular Meeting
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Path:
\Board of County Commissioners\Minutes - Approved\2010's\2019
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48 <br /> are executed, delivered and secured, to all of which provisions the owner of this <br /> Bond, by the acceptance of this Bond, agrees. Additional Bonds secured by a parity <br /> interest in the property securing the Bonds may be issued under the terms and <br /> conditions set forth in the Trust Agreement. <br /> The Bonds are issued by means of a book-entry system, with one certificate <br /> for each maturity immobilized at The Depository Trust Company, New York, New <br /> York ("DTC"), and not available for distribution to the public. Transfer of beneficial <br /> ownership interests in the Bonds in the principal amount of $5,000 or any integral <br /> multiple thereof will be effected on the records of DTC and its participants pursuant <br /> to rules and procedures established by DTC and its participants. Principal and <br /> interest on the Bonds are payable to DTC or its nominee as registered owner of the <br /> Bonds. Neither the Trustee nor the County is responsible or liable for the transfer of <br /> ownership or payments or for maintaining, supervising or reviewing the records <br /> maintained by DTC, its participants or persons acting through such participants. <br /> If (a) DTC determines not to continue to act as securities depository for the <br /> Bonds or (b) the County so elects, the County and the Trustee will discontinue the <br /> book-entry system with DTC. If the County does not identify another qualified <br /> securities depository to replace DTC, the County will prepare and execute, and the <br /> Trustee will authenticate and deliver in exchange, replacement Bonds in the form of <br /> fully-registered Bonds. <br /> The Bonds may not be redeemed prior to maturity except as provided in this <br /> Bond and in the Trust Agreement. <br /> The Bonds maturing on or after October 1, 20 , are subject to redemption <br /> at the County's option in whole or in part on any date on or after October 1, 20 , <br /> upon payment of the principal amount to be prepaid plus interest accrued to the <br /> redemption date, without premium. If less than all the Bonds are to be redeemed <br /> pursuant to this provision, they will be redeemed among maturities in any manner <br /> the County chooses. <br /> The Trustee will redeem Bonds maturing on October 1, 20_, upon payment <br /> of 100% of the principal amount thereof plus interest accrued to the redemption <br /> date, on October 1 in years and amounts as follows: <br /> 26 <br />
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