2014-048 - Execution and Delivery By the City of a Master Installment Purchase Agreement

Home Browse Search

TABLE OF CONTENTS Page ARTICLE I DEFINITIONS; EQUAL SECURITY ............................. ............................... 2 Section 1.01. Definitions ............................................................. ............................... 2 Section 1.02. Equal Security ..................................................... ............................... 11 Section 1.03. Number, Gender and Variants ............................ ............................... 11 Section 1.04. Articles, Sections, Etc ......................................... ............................... 11 ARTICLE II ISSUANCE OF 2014 BONDS; REGISTRATION AND TRANSFER OFBONDS ..................................................................... ............................... 12 Section 2.01. Authorization and Purpose of 2014 Bonds ......... ............................... 12 Section 2.02. Execution of 2014 Bonds .................................... ............................... 12 Section 2.03. Transfer and Payment of Bonds .......................... ............................... 12 Section 2.04. Exchange of Bonds ............................................. ............................... 13 Section 2.05. Bond Registration Books .................................... ............................... 13 Section 2.06. Mutilated, Destroyed, Stolen or Lost Bonds ....... ............................... 13 Section 2.07. Temporary Bonds ................................................ ............................... 14 Section 2.08. Validity of Bonds ................................................ ............................... 14 Section 2.09. Book -Entry System ............................................. ............................... 14 Section 2.10. Procedure for Issuance of 2014 Bonds ............... ............................... 17 ARTICLE III TERMS OF 2014 BONDS ............................................. ............................... 17 Section 3.01. Terms of 2014 Bonds .......................................... ............................... 17 Section 3.02. Redemption of 2014 Bonds ................................ ............................... 18 Section 3.03. Form of 2014 Bonds ........................................... ............................... 19 ARTICLE IV ISSUANCE OF ADDITIONAL BONDS ...................... ............................... 20 Section 4.01. Conditions for the Issuance of Additional Bonds .............................. 20 Section 4.02. Procedure for the Issuance of Additional Bonds ............................... 21 ARTICLE V ESTABLISHMENT OF FUNDS; DEPOSIT AND APPLICATION OFPROCEEDS .............................................................. ............................... 22 Section 5.01. Establishment of Funds and Accounts ................ ............................... 22 Section 5.02. Application of Proceeds ...................................... ............................... 22 Section 5.03. Use of Moneys in the Acquisition Fund; Costs of Issuance Fund.................................................................... ............................... 23 ARTICLE VI REVENUES .................................................................... ............................... 24 Section 6.01. Pledge of Revenues ............................................. ............................... 24 Section 6.02. Receipt and Deposit of Revenues in the Payment Fund .................... 24 Section 6.03. Establishment and Maintenance of Accounts for Use of Money in the Payment Fund ........................................... ............................... 24 Section 6.04. Investment of Moneys in Funds and Accounts ... ............................... 26 55394.00011 \8754149.4 -i-