My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Series 1994A
Clerk
>
Agenda Packets / Staff Reports
>
Countywide and City Public Financing Authority
>
Vol. 1- City of Santa Ana Financing Authority (Police Admin. and Holding Facility)
>
Series 1994A
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/12/2020 9:54:47 AM
Creation date
5/12/2020 9:54:10 AM
Metadata
Fields
Template:
General
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
72
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
ARTICLE XI <br /> MISCELLANEOUS <br /> SECTION 11.01. Liability of Authority Limited to Revenues. <br /> Notwithstanding anything contained herein, the Authority shall not be required to advance <br /> any money derived from any source of income other than the Revenues as provided herein <br /> for the payment of the interest on or principal of or redemption premiums, if any, on the <br /> Bonds or for the performance of any agreements or covenants herein contained. The <br /> Authority may, however, advance funds for any such purpose so long as such funds are <br /> derived from a source legally available for such purpose without incurring an indebtedness. <br /> The Bonds shall be limited obligations of the Authority and shall be payable <br /> solely from the Revenues and amounts on deposit in the funds and accounts established <br /> hereunder (other than amounts on deposit in the Rebate Fund created pursuant to <br /> Section 6.04). The Bonds do not constitute a debt or liability of the Agency's, the City, the <br /> State, or any of its political subdivisions and neither the faith and credit of the Agency's, <br /> the City, the State, nor any of its political subdivisions are pledged to the payment of the <br /> principal of or interest on the Bonds. <br /> SECTION 11.02. Benefits of the Indenture Limited to Parties. Nothing <br /> contained herein, expressed or implied, is intended to give to any person other than the <br /> Authority, the Trustee, the Bond Insurer, and the Owners any right, remedy or claim under <br /> or by reason hereof. Any agreement or covenant required herein to be performed by.or on <br /> behalf of the Authority or any member, officer or employee thereof shall be for the sole <br /> and exclusive benefit of the Trustee, the Bond Insurer and the Owners. <br /> SECTION 11.03. Successor Is Deemed Included in All References to <br /> Predecessor. Whenever herein either the Authority or any member, officer or employee <br /> thereof is named or referred to, such reference shall be deemed to include the successor to <br /> the powers, duties and functions with respect to the administration, control and management <br /> of the Leased Property that are presently vested in the Authority or such member, officer or <br /> employee, and all agreements and covenants required hereby to be performed by or on <br /> behalf of the Authority or any member, officer or employee thereof shall bind and inure to <br /> the benefit of the respective successors thereof whether so expressed or not. <br /> SECTION 11.04. Execution of Documents by Owners. Any declaration, <br /> request or other instrument which is permitted or required herein to be executed by Owners <br /> may be in one or more instruments of similar tenor and may be executed by Owners in <br /> person or by their attorneys appointed in writing. The fact and date of the execution by <br /> any Owner or his attorney of any declaration, request or other instrument or of any writing <br /> appointing such attorney may be proved by the certificate of any notary public or other <br /> officer authorized to make acknowledgments of deeds to be recorded in the state or territory <br /> in which he purports to act that the person signing such declaration, request or other <br /> instrument or writing acknowledged to him the execution thereof, or by an affidavit of a <br /> witness of such execution duly sworn to before such notary public or other officer. The <br /> LA1-63221s 57 <br />
The URL can be used to link to this page
Your browser does not support the video tag.