Examples of Series 2015 Notes in a sentence
The City acknowledges, finds, determines, and declares that the issuance of the Series 2015 Notes is authorized by the Development Act and is consistent with the purposes of the Development Act and that the issuance of the Series 2015 Notes, and the other actions of the City under this resolution, and the Loan Agreement constitute a public purpose and are in the interests of the City.
The Borrower has represented to the City that no official statement or other disclosure document has been or will be prepared relating to the offer and sale of the Series 2015 Notes.
The Series 2015 Notes are hereby authorized to be issued as tax-exempt bonds the interest on which is not includable in gross income for federal and State of Minnesota income tax purposes.
No holder of the Series 2015 Notes shall ever have the right to compel any exercise by the City of any taxing powers of the City to pay the Series 2015 Notes or the interest or premium thereon, or to enforce payment thereof against any property of the City except the interests of the City in the Loan Agreement and the revenues and assets thereunder, which will be assigned to the Lender by the Assignment.
The Series 2015 Notes shall be special, limited obligations of the City payable solely from the revenues provided by the Borrower pursuant to the terms of the Loan Agreement, and any other security documents provided by the Borrower to the Lender.
The City hereby authorizes McGrann Shea Carnival Straughn & Lamb, Chartered, as bond counsel, to prepare, execute, and deliver its approving legal opinions with respect to the Series 2015 Notes.
The officers of the City, bond counsel, other attorneys, and other agents or employees of the City are hereby authorized to do all acts and things required of them by or in connection with this resolution, the aforementioned documents, and the Series 2015 Notes, for the full, punctual, and complete performance of all the terms, covenants, and agreements contained in the Series 2015 Notes, the aforementioned documents, and this resolution.
All of the provisions of the Series 2015 Notes, when executed as authorized herein, shall be deemed to be a part of this resolution as fully and to the same extent as if incorporated verbatim herein and shall be in full force and effect from the date of execution and delivery thereof.
In order to provide a clear picture of the program design, program activities/services, anticipated outcomes and the proposer’s capability to deliver the services, address each of the following areas in order.
As provided in the Loan Agreement, the Series 2015 Notes shall not be payable from nor charged upon any funds other than the revenue pledged to their payment, nor shall the City be subject to any liability thereon, except as otherwise provided in this paragraph.