CCP 08-28-1995 - Laserfiche WebLink

Home Browse Search

---- ------ . ~ pay amounts in repayment of the loan sufficient to provide for the full and .- prompt payment of the principal of, premium, if any, and interest on the Bonds . when due; and (b) Trust Indenture (the "Indenture") dated as of September I, 1995, . between the City and a national association, trust company or other corporate trustee named therein, as trustee (the "Trustee"), authorizing the issuance of and I pledging certain revenues, including those to be derived from the Loan Agreement, as security for the Bonds, and setting forth proposed recitals, covenants and agreements relating thereto; and . (c) Combination Mortgage, Security Agreement and Fixture Financing Statement and Assignment of Leases and Rents (the "Mortgage"), dated as of . September I, 1995, from the Corporation to the City, and to be assigned by the City to the Trustee pursuant to an Assignment of Mortgage of even date . therewith (the "Assignment of Mortgage"), by which the Corporation grants, as security for the payment of the Bonds, a mortgage lien on and security interest in the property described therein, as mortgaged thereunder, all as more fully . described therein; and (d) Bond Purchase Agreement (the "Bond Purchase Agreement"), by -. and between Miller, Johnson & Kuehn Incorporated (the "Underwriter"), the Corporation, and the City, providing for the purchase of the Bonds from the City . by the Underwriter and setting the terms and conditions of purchase; and (e) Preliminary Official Statement and form of fmal Official Statement, . the form of the Preliminary Statement, together with the insertion of the fmal underwriting details of the Bonds, including the interest rates thereon, and any other changes deemed necessary or desirable, intended to constitute the form of . the final Official Statement, and including all Appendices thereto (together referred to as the "Official Statement"), describing the offering of the Bonds, and certain terms and provisions of the foregoing documents. . 3. Findings. It is hereby found, determined and declared that: I (a) There is no litigation pending or, to the best of its knowledge, threatened against the City relating to the Bonds, the Loan Agreement, the I Mortgage, the Assignment of Mortgage, the Bond Purchase Agreement or the Indenture or questioning the due organization of the City, or the powers or authority of the City to issue the Bonds and undertake the transactions . contemplated hereby. - 2 - -. .