Examples of Debt Act in a sentence
Moreover, such terms, together with all other provisions of this Debt Ordinance, shall be read and understood in a manner consistent with the provisions of the Debt Act, as generally interpreted by the Department of Community and Economic Development or by courts maintaining competent jurisdiction.
As provided in the Debt Act, the foregoing covenants are specifically enforceable.
Securities created and issued by the Central Government or a State Government for the purposes of raising a public loan and having one of the forms specified in clause (2) of section 2 of the Public Debt Act, 1944.
The mortgages held by the Farm Credit Banks and the notes, bonds, debentures, and other obligations issued by the banks shall be considered and held to be instrumentalities of the United States and, as such, they and the in- come therefrom shall be exempt from all Fed- eral, State, municipal, and local taxation, other than Federal income tax liability of the holder thereof under the Public Debt Act of 1941 (31U.S.C. 3124).(Pub.
The Participant is incurring indebtedness under the Debt Act that will be issued to DelVal, a public authority, and the Participant, by execution of the Loan Agreement, will become obligated for a notional amount of the DelVal Swap Agreement equal to the outstanding principal amount of the Participant Note.
At its April 4, 2016, public meeting, the Falls Township Board of Supervisors unanimously voted to guaranty TOFA’s $3,026,000 loan from Phoenixville Federal Bank & Trust.In accordance with Pennsylvania’s Local Government Unit Debt Act, the TOFA Engineer has prepared, signed and submitted a Self-Liquidating Debt Report.TOFA Bond Counsel will attend the April 27 Board meeting to obtain Board member signatures on various loan related documents.
As provided in the Debt Act, this covenant shall be enforceable specifically against the City.
The Superintendent or designee shall provide the Board with all information presented during the investigation.
In accordance with the Unit Debt Act, Council will need to adopt a Guaranty Agreement by Ordinance.
The relevant legislation under which Malta Government Stocks are being issued are (a) The Government Borrowing and Management of Public Debt Act (Cap.