Examples of Bond Bank Bonds in a sentence
The City acknowledges that, under Rule 15c2-12 of the Securities and Exchange Commission (the “Rule”), the City may now or in the future be an “obligated person” with respect to the Bond Bank Bonds.
Bonds Issued and Outstanding The types of Bond Bank Bonds issued and outstanding are summarized in Table 3.8.
The Borough hereby designates the Tax Exempt Bonds and the Bond Bank Bonds issued to fund the Bond Bank reserve account that are allocable to the Borough as “qualified tax-exempt obligations” for the purposes of Section 265(b)(3) of the Code.
The State Treasurer is responsible for the following types of debt: Capital Improvement Bonds, Municipal Bond Bank Bonds; State Revolving Fund Bonds; Cultural Centers Bonds; Natural Resources Bonds; Economic Development Bonds; Unemployment Compensation Bonds; Highway Improvement Revenue Bonds; and, other miscellaneous new money and refunding bonds and securities.
The Mayor and the Borough Administrator are each hereby authorized to provide such information for inclusion in such preliminary official statement and final official statement as such officials may deem necessary or desirable in connection with the sale of the Bond Bank Bonds.
The preliminary official statement relating to the Bond Bank Bonds in substantially the form filed with this resolution, a final official statement relatingto the Bond Bank Bonds in substantially the form of such preliminary official statement and the distribution of each in connection with the sale of the Bond Bank Bonds are hereby approved.
The Bond Bank Bonds will be the bonds actually sold to the public; the proceeds of this sale will be used to purchase the Waterworks Revenue Bonds.
The City Manager and the Finance Director each is further authorized from time to time to approve a revised schedule of principal payment amounts and interest rates for the Bonds, in accordance with the refinancing provisions of the Loan Agreement, in connection with a refunding of the Bond Bank Bonds, so long as the said officer finds that the revised debt service schedule is financially advantageous to the City.
By purchasing the 2012/2013 Bonds, the Bond Bank, as purchaser, and all subsequent purchasers or Owners for themselves and on behalf of all future Owners of the 2012/2013 Bonds and the 2012/2013 Bond Bank Bonds, consent to the amendments authorized to be made to the Master Ordinance by General Ordinance No. 7-2005 and General Ordinance No. 1-2008.
The City County Council approved the issuance of these bonds and the issuance of The Indianapolis Local Public Improvement Bond Bank Bonds, Series 2011E (“Bond Bank Bonds”) on April 11, 2011, in the amount of $60,705,000.