My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
82-010 RES
ElkRiver
>
City Government
>
City Council
>
Council Resolutions
>
1980 - 1989
>
1982
>
82-010 RES
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/11/2015 2:19:46 PM
Creation date
5/11/2015 2:18:02 PM
Metadata
Fields
Template:
City Government
type
RES
date
6/21/1982
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
11
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
S <br /> shall execute the same on behalf of the City and shall <br /> execute the Note in substantially the form as set forth in <br /> Exhibit A to the Loan Agreement on behalf of the City, and <br /> shall execute such other certifications, documents or <br /> instruments as bond counsel or counsel for the Lender <br /> shall require , subject to the approval of the City <br /> Attorney, and all certifications, recitals and <br /> representations therein shall .constitute the certificates , <br /> recitals and representations of the City. Execution of <br /> any instrument or document by one or more appropriate <br /> officers of the City shall constitute , and shall be deemed <br /> the conclusive evidence of, the approval and authorization <br /> by the City and the Council of the instrument or document <br /> so executed . In the absence or disability of the Mayor , <br /> any of the documents authorized by this resolution to be <br /> executed, shall be executed by the acting Mayor , and in <br /> the absence of the City Administrator-Clerk, by such <br /> officer of the City who, in the opinion of the City <br /> Attorney, may execute such documents. <br /> Section 5. The Note . <br /> 5. 1. Form and Authorized Amount of Note . The Note shall <br /> • <br /> be issued substantially in the form set forth in Exhibit A <br /> to the Loan Agreement with such appropriate variations, <br /> omissions and insertions as are permitted or required by <br /> this resolution, in the principal amount of $1 , 500 , 000. <br /> The terms of the Note are set forth in Exhibit A to the <br /> Loan Agreement and such terms, including but not limited <br /> to interest rate, dates and amount of payment of principal <br /> and interest and prepayment privileges, are incorporated <br /> by reference herein. <br /> 5. 2. Execution. The Note shall be executed on behalf of <br /> the City by the signatures of the Mayor and the City <br /> Administrator-Clerk, and shall be sealed with its <br /> corporate seal. In case any officer whose signature shall <br /> appear on the Note shall cease to be such officer before <br /> the delivery thereof, such signatures shall nevertheless <br /> be valid and sufficient for all purposes. <br /> 5. 3. Mutilated , Lost and Destroyed Note. In case the <br /> Note shall become mutilated or be destroyed or lost, the <br /> City shall cause to be executed and delivered a new Note <br /> of like outstanding principal amount and tenor in exchange <br /> and substitution for and upon cancellation of the <br /> mutilated Note , or in lieu of and in substitution for such <br /> Note destroyed or lost, upon the holder ' s paying the <br /> reasonable expenses and charges of the City in connection <br /> therewith , and in case the Note is destroyed or lost, its <br /> -5- <br />
The URL can be used to link to this page
Your browser does not support the video tag.