1981-144 CRA - Laserfiche WebLink

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.. :. ~ . . I . . political subdivisions is liable here.on nor in any event shall this Note be payable out of any funds or properties other than the Revenue and collateral therefor, as contef1lJlated by the Resolution. The faith and credit of the Agency is not pledged to the payment of the principal of .or interest on this Note. This N.ote does n<>t constitute an indebtedness within the meaning of any constituti.onal or statutory debt limitation .or restriction. If an Event of Default (as defined in the Resolution) shall occur, all or part of the principal amount of this N.ote may be declared due and payable upon the conditions, in the manner and with the effect provided in the Resolution but such declaration and its consequences may be rescinded and annuled by the holder hereof as further provided in the Resolution. Thi s N.ote may be transferred by the ho 1 der hereof by endorsing hereon (or on a paper attached hereto) the "aTßC)unt of principal paid here.on as .of the date of transfer. Notification of such transfer shall be promptly given to the Agency for entry on the Note register maintained by the Agency pursuant to the Resolution, of the name and address of the transferee. The agency may treat the registered owner hereof as the absolute owner hereof for all purposes. Any holder of this Note subsequent to its original purchaser is hereby placed on notice of all payments of b.oth principal and of interest on this Note prior to its transfer to such ho lder and all such subsequent holders hereby acknowledge that they have ascertained the actual unpaid principal balance of this Note as of the date .of transfer of this Note to them and hereby release the AGency from all obligation as to all principal and inrerest paid by the Agency prior to such date. it is hereby certified that all of the things, conditions and acts required to exist, to have happened and to have been performed precedent to and in connection with the issuance of this Note do exist, have happened and have been performed in due time, form and manner, and that the amount of this Note, together with all other indebtedness of the Agency, does not exceed any limit prescribed by any laws of the State of California, and is n.ot in excess of the amount of the Note permitted to be issued under the Resolution. IN WITNESS WHEREOF, the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA has caused this Note to be executed in its name and on its behalf by this Chairman and its Executive Director, and its seal to be repr.oduced hereon, and this Note to be dated December 1,1981. COMMUNITY REDEVELOPMENt AGENCY OF THE CITY OF SANTA ANA By Chairman (S E A L) ATTEST: Execut ive Di rector 23