Laserfiche WebLink
date thereof or the time of authorization, sale, execution, issuance or delivery thereof or for <br /> any cause whatsoever, except as expressly provided herein or therein. <br /> ARTICLE H <br /> ISSUANCE OF 1994 BONDS; <br /> REGISTRATION AND TRANSFER OF BONDS <br /> SECTION 2.01. Authorization and Purpose of 1994 Bonds. The Authority <br /> has reviewed all proceedings heretofore taken relative to the authorization of the 1994 Bonds <br /> and has found, as a result of such review, and hereby finds and determines that all acts, <br /> conditions and things required by law to exist, to have happened and to have been performed <br /> precedent to and in the issuance of the 1994 Bonds do exist, have happened and have been <br /> performed in due time, form and manner as required by law, and that the Authority is now <br /> duly authorized to issue the 1994 Bonds in the form and manner provided herein for the <br /> purpose of providing funds to finance the costs of acquisition, construction and installation of <br /> the Project, and that the 1994 Bonds shall be entitled to the benefit, protection and security <br /> of the provisions hereof. <br /> SECTION 2.02. Terms of the 1994 Bonds. <br /> (a) Fixed Rate Bonds. The 1994 Bonds shall be designated "Santa Ma <br /> Financing Authority Police Administration and Holding Facility Lease Revenue Bonds, Series <br /> 1994A" and shall be in the aggregate principal amount of One Hundred Seven Million Three <br /> Hundred Ninety-Nine Thousand Four Hundred Thirty-Eight Dollars and Fifty Cents <br /> ($107,399,438.50). The 1994 Bonds, other than AIRS and IRS, shall be issued in the <br /> principal amount of Eighty-Six Million One Hundred Ninety-Nine Thousand Four Hundred <br /> Thirty-Eight Dollars and Fifty Cents shall be dated as of the Dated Date, shall be issued only <br /> in fully registered form in Authorized Denominations (not exceeding the principal amount of <br /> 1994 Bonds maturing at any one time), numbered as determined by the Trustee, and shall <br /> mature on the dates and in the principal amounts and shall bear or accrete interest, as the <br /> case may be, from their Dated Date at the rates as set forth in the following schedule: <br /> Maturity <br /> Date Principal Interest <br /> July 1 Amount Rate <br /> 2001 $185,878.80 0.000% <br /> 2002 499,598.80 0.000 <br /> 2003 784,029.90 0.000 <br /> 2004 1,820,000.00 5.250 <br /> 2005 2,465,000.00 5.300 <br /> 2006 3,075,000.00 5.400 <br /> 2007 3,240,000.00 5.500 <br /> 2008 3,420,000.00 5.600 <br /> LA1-63221.5 18 <br />