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1990_0226_packet
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1990_0226_packet
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11/3/2011 3:05:27 PM
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(a) balances in the debt slervice funds for the Series 5, 6, 7', 8 and 9 Bonds; <br />(b) balances in the debt service funds for the Series 10 and, Serli,es 11 Bonds needed <br />for payment of prinelpial, and inteirelisit on the respective Redemption Dates for <br />thosile sleries of Bonds., <br />The Proceeds ofthe Refunding Bond, described in Section 3 <br />Section 4,. Sale and Purchase, of Refunding Bond. <br />0 <br />4.01. In order, to, Provide moin,ies for the idefelia,sance of' the Bonds provided for *in this <br />0 <br />Riesolution the Cifty wi,l,l advance and borrolw mon,ies f'riolm City Fund 505 in the amount of <br />$2,318,,000, which sum shall be represented, by a refunding bond, (Refunding Bond) 'Issued., by <br />the City pursuarit to Section 475i.67 of the Act pu,rchiased by City Fund 505. <br />4.02. The City, will therefo,r issue and sell to City Fund 505, its $2,3189000 General <br />Obligation Improlve,men,t Refunding Bond, Special Series 1990 at a price of par. The <br />Refunding and will be in typewritten form and must be in substantially the following form: <br />
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