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<br />(e) it is desirable, feasible and consistent with the objects and purposes of the Act <br />to issue the Bonds for the purpose of financing the Facilities; <br /> <br />if) the Bonds and the interest accruing thereon do not constitute an indebtedness <br />of the Issuer within the meaning of any constitutional or statutory limitation of indebtedness <br />and do not constitute or give rise to a pecuniary liability or a charge against the general credit <br />or taxing powers of the Issuer and neither the full faith and credit nor the taxing powers of <br />the Issuer, is pledged for the payment of the Bonds or interest thereon; and <br /> <br />(g) in accordance with the Act, after due notice and publication thereof, a public <br />hearing was conducted on the Facilities and the financing thereof, and persons in attendance <br />wishing to speak regarding the Facilities and financing thereof were given an opportunity to <br />do so at the hearing. <br /> <br />1.4. AUTHORIZATION AND RA Tlf/ICA TION Of/ FACILITIES FINANCING. The Issuer has <br />heretofore and does hereby authorize the Corporation, in accordance with the provisions of the Act <br />and subject to the terms and conditions set forth in the Loan Agreement to provide for the financing <br />of the Facilities by sueh means as shall be available to the Corporation and in the manner determined <br />by the Corporation; and the Issuer hereby ratifies, affirms, and approves all actions heretofore taken <br />by the Corporation consistent with and in antieipation of such authority. <br /> <br />ARTICLE TWO <br />BONDS <br /> <br />2.1. AUTHORIZED AMOUNT AND FORM OF BONDS. The Bonds issued pursuant to this <br />Bond Resolution shall be in substantially the form set fOlth on Exhibits A, B, and C hereto, with <br />such appropriate variations, omissions and insertions as are permitted or required by this Bond <br />Resolution, and in accordance with the further provisions hereof; and the total principal amount of <br />the Bonds that may be outstanding hereunder is expressly limited to $7,500,000, unless a duplicate <br />Bond is issued pursuant to Section 2.7. <br /> <br />2.2, THE BOND TERMS. The Bonds shall be issued in three series, dated as of the date <br />of delivery, shall be payable at the times and in the manner, shall bear interest at the rates, and shall <br />be subject to redemption and such other terms and conditions as are set forth therein. <br /> <br />2.3. MODlf/ICA TlON Of/BONDS: EXECUTION. The Bonds in the form set forth in Exhibits <br />A, Band C, together with such additional details therein as may be necessary and appropriate and <br />such modifications thereof, deletions therefrom and additions thereto as may be necessary and <br />appropriate and approved by Bond Counsel and the Corporation prior to the execution thereof, is <br />hereby approved; provided that in no event may the true interest rate on the Bonds exceed 6.00% per <br />annum, nor may the principal amount ofthe Bonds exceed $7,500,000. The Bonds shall be executed <br />on behalf of the Issuer by the manual or facsimile signatures of the Chair of the Board of County <br />Commissioners and County Auditor. In case any officer whose signature shall appear on the Bonds <br />shall cease to be such officer before the delivery of the Bonds, such signature shall nevertheless be <br />valid and sufficient for all purposes, the same as ifhad remained in office until delivery. In the event <br /> <br />-2- <br />