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<br />. <br /> <br />. <br /> <br />. <br /> <br />This Bond, the interest hereon and any premium due upon <br />the redemption of this Bond prior to maturity are not a, debt of <br />the City of Santa Ana, the State of California or any of its <br />political subdivisions, and neither said City, said State nor <br />any of its political subdivisions is liable hereon, nor in any <br />event shall this Bond, said interest or said premium be payable <br />out of any funds or properties other than the funds of the <br />Agency as set forth in the Resolution hereinafter mentioned. <br />This Bond does not constitute an indebtedness within the <br />meaning of any constitutional or statutory debt limitation or <br />restriction. Neither the members of the Agency nor any persons <br />executing the Bond are liable personal1y on this Bond by reason <br />of its issuance. <br /> <br />This Bond is one of a duly authorized issue of bonds of <br />the Agency designated "City of Santa Ana Community <br />Redevelopment Agency, South Main Street Redevelopment Project <br />Tax Allocation Bonds, 1984" (hereinafter called "Bonds") in <br />aggregate principal amount of $20,000,000 all of like tenor <br />(except for bond numbers, maturity dates and differences, if <br />any, in interest rates) and all of which have been issued <br />pursuant to and in full conformity with the Constitution and <br />laws of the State of California and particularly the Community <br />Redevelopment Law (Part 1 of Division 24 of the Health and <br />Safety Code of the State of California) for the purpose of <br />aiding in the financing of the Redevelopment Project above <br />designated, and are authorized by and issued pursuant to <br />Resolution No. adopted by the Agency on <br />(said resolution being hereinafter referred to as the <br />"Resolution") and all of the Bonds are equally secured in <br />accordance with the terms of the Resolution, reference to which <br />is hereby made for a specific description of the security <br />therein provided for said Bonds, for the nature, extent and <br />manner of enforcement of such security, for the covenants, and <br />agreements made for the benefit of the Bondholders, and for a <br />statement of the rights of the Bondholders, and by the <br />acceptance of this Bond the registered owner hereof assents to <br />all of the terms, conditions and provisions of said <br />Resolution. In the manner provided in the Resolution, said <br />Resolution a~d the rights and obligations of the Agency and of <br />the Bondholders, may (with certain exceptions as stated in said <br />Resolution) be modified or amended with the consent of the <br />Holders of sixty percent (60%) in aggregate principal amount of <br />outstanding Bonds, exclusive of issuer-owned bonds, unless such <br />modification or amendment is for the purpose of curing <br />ambiguities, defects, etc., in which case no Bondholder's <br />consent is required. <br /> <br />The principal of this Bond and the interest hereon <br />are secured by an irrevocable p¡edge of, and are payable solely <br />from, the Tax Revenues (as such term is defined in said <br />Resolution) and certain other funds, all as more particularly <br /> <br />0715p/2281/04 <br /> <br />-2- <br />