Examples of Series 2018 Notes in a sentence
No payment of principal of or interest on the Series 2018 Notes may be made while the Bonds are Outstanding.
Concurrently with the issuance of the Series 2018 Notes, the City is issuing its “City of St. Ann, Missouri, Tax Increment Revenue Bonds (Northwest Plaza Redevelopment Project) Series 2018A,” in the aggregate principal amount of $[Principal A] (the “Bonds”).
The Series 2018 Notes are subject to optional redemption by the City prior to the stated maturity thereof in whole or in part at any time that no Bonds are Outstanding (including any bonds issued to refund the Bonds) at the redemption price of 100% of the principal amount to be redeemed, plus accrued interest to the redemption date.
IT IS HEREBY CERTIFIED AND DECLARED that all acts, conditions and things required to exist, happen and be performed precedent to and in the issuance of the Series 2018 Notes have existed, happened and been performed in due time, form and manner as required by law.
The Series 2018 Notes are being issued pursuant to a Trust Indenture dated as of January 1, 2018, between the City and the Trustee (the “Indenture”), for the purpose of funding certain additional Reimbursable Redevelopment Project Costs not funded by the issuance of the Bonds, all under the authority of and in full compliance with the Constitution and laws of the State of Missouri.