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1980-075 CRA
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1980-075 CRA
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Last modified
1/3/2012 12:23:08 PM
Creation date
3/8/2005 11:38:49 AM
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City Clerk
Doc Type
Resolution
Doc #
CRA 1980-75
Date
7/1/1980
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<br />verification of the arithmetical computations and demonstrations set forth in <br />the Certificate of Pledged Revenues; <br /> <br />(5) Such further documents and moneys as are required by the <br />provisions of Article X or the Supplemental Resolution; <br /> <br />(6) An Officer's Certificate that, upon the issuance of. the <br />proposed Bonds, the amount credited to the Debt Service Reserve Fund will be <br />equal to or in excess of the Debt Service Reserve Requirement; and <br /> <br />(7) An Officer's Certificate establishing or confirming the <br />exceptions and conditions and the aggregate limit of liability of Special <br />Hazard Insurance. <br /> <br />305, Additional Bonds. The Agency may not issue other series of bonds <br />other than the Residential Mortgage Revenue Bonds, Issue of 1980, Series A, <br />authorized herein, payable from Revenues or secured by the Mortgage Loans. <br /> <br />306. Validity of Bonds. The validity of the authorization and issuance <br />of any of the Bonds shall not be dependent on or affected in any way by (a) <br />any proceedings taken by the Agency or its agents in connection with <br />purchasing Mortgage Loans to provide Financing for Residential Construction <br />and otherwise carrying out the purpose and intent of the Residential Mortgage <br />Financing Program and the Act, or (b) any contracts made by the Agency or its <br />agents in connection therewith, or (c) the failure to complete any particular <br />undertaking or any part thereof commenced pursuant to the Act. <br /> <br />23 <br /> <br />. <br /> <br />. <br /> <br />. <br />. <br /> <br />. <br />. <br />
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