1985-53 CRA - Laserfiche WebLink

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. . . the certificate, opinion or representation with respect to the matters upon which his or her opinion may be based, as aforesaid, is erroneous. "Outstanding", when used as of any particular time with reference to the Bonds, means, subject to the provisions of Section 3, all Bonds except: (a) Bonds theretofore cancelled by the Fiscal Agent or surrendered to the Fiscal Agent for cancellation; (b) Bonds paid or deemed to have been paid; and (c) Bonds in lieu of or in substitution for which other Bonds shall have been authorized, executed, issued and delivered by the Agency pursuant to this Resolution or any Supplemental Resolution. "Parity Bonds" means any additional tax allocation bonds (including, without limitation, bonds, notes, interim certificates, debentures or other obligations) issued by the Agency as permitted by Section 17 of this Resolution. "Paying Agent" means Texas Commerce Bank, National Association, New York, New York, as paying agent, tender agent and authenticating agent hereunder. "Pledged Revenues" means the Tax Revenues and such other moneys as are pledged to the payment of the Bonds as provided in Section 3 hereof. "Qualified Investment" means any of the following which at the time are legal investments under the laws of the State of California for moneys held hereunder and then proposed to be invested therein: (1) direct general obligations of the United States of America; (2) obligations guaranteed by the United States; (3) general obligations of the agencies and instrumentalities of the United States; (4) certificates of deposit, time deposits or demand deposits with any bank or savings institution qualified as a depository of public funds in the State of California, including the Fiscal Agent or any affiliate thereof, provided that such certificates of deposit, time deposits or demand deposits, if not insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, are fully secured by obligations described in Clauses (1), (2), or (3) above; (5) bank repurchase agreements issued by a bank described in Clause (4) above, the underlying securities of which are held by the Fiscal Agent or by a Federal Reserve Bank and are obligations described in Clauses (1), (2) or (3) above and which are of market value from time to time which is acceptable to the Fiscal Agent, the Bank and the Agency; (6) investment of moneys in the Local Agency Investment Fund in the State Treasury created by Section 16429.1 of the Government Code of the State; 12-02-85 9559p/2281/01 -5-