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Item PFA-3 - Water Revenue Bonds
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Item PFA-3 - Water Revenue Bonds
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Last modified
5/30/2024 4:32:57 PM
Creation date
5/29/2024 6:14:44 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
PFA-3
Date
6/4/2024
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TABLE OF CONTENTS <br />Page <br />ARTICLE I DEFINITIONS; EQUAL SECURITY............................................................ 2 <br />Section 1.01. Definitions............................................................................................ 2 <br />Section 1.02. Equal Security.................................................................................... 11 <br />Section 1.03. Number, Gender and Variants........................................................... 11 <br />Section 1.04. Articles, Sections, Etc........................................................................ 11 <br />ARTICLE II ISSUANCE OF 2024 BONDS; REGISTRATION AND TRANSFER <br />OFBONDS.................................................................................................... 12 <br />Section 2.01. <br />Authorization and Purpose of 2024 Bonds ........................................ <br />12 <br />Section 2.02. <br />Execution of 2024 Bonds................................................................... <br />12 <br />Section 2.03. <br />Transfer and Payment of Bonds......................................................... <br />12 <br />Section 2.04. <br />Exchange of Bonds............................................................................ <br />13 <br />Section 2.05. <br />Bond Registration Books................................................................... <br />13 <br />Section 2.06. <br />Mutilated, Destroyed, Stolen or Lost Bonds ...................................... <br />13 <br />Section 2.07. <br />Temporary Bonds............................................................................... <br />14 <br />Section 2.08. <br />Validity of Bonds............................................................................... <br />14 <br />Section 2.09. <br />Book -Entry System............................................................................ <br />14 <br />Section 2.10. <br />Procedure for Issuance of 2024 Bonds .............................................. <br />17 <br />ARTICLE III TERMS OF 2024 BONDS............................................................................ 17 <br />Section 3.01. Terms of 2024 Bonds......................................................................... 17 <br />Section 3.02. Redemption of 2024 Bonds............................................................... 18 <br />Section 3.03. Form of 2024 Bonds.......................................................................... 20 <br />ARTICLE IV ISSUANCE OF ADDITIONAL BONDS ..................................................... 20 <br />Section 4.01. Conditions for the Issuance of Additional Bonds .............................. 20 <br />Section 4.02. Procedure for the Issuance of Additional Bonds ............................... 21 <br />ARTICLE V ESTABLISHMENT OF FUNDS; DEPOSIT AND APPLICATION <br />OFPROCEEDS............................................................................................. 23 <br />Section 5.01. Establishment of Funds and Accounts ............................................... 23 <br />Section 5.02. Application of Proceeds..................................................................... 23 <br />Section 5.03. Use of Moneys in the Acquisition Fund; Costs of Issuance <br />Fund................................................................................................... 23 <br />ARTICLE VI REVENUES................................................................................................... 24 <br />Section 6.01. Pledge of Revenues............................................................................ 24 <br />Section 6.02. Receipt and Deposit of Revenues in the Payment Fund .................... 25 <br />Section 6.03. Establishment and Maintenance of Accounts for Use of Money <br />inthe Payment Fund.......................................................................... 25 <br />Section 6.04. Investment of Moneys in Funds and Accounts .................................. 27 <br />-1- <br />55394.00068\42092121.3 <br />
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