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<br /> of and interest on the Bonds, the Outstanding Bonds, and any Revenue Bonds as the same matures
<br /> and comes due, or to redeem the Bonds, the Outstanding Bonds, and Revenue Bonds prior to
<br /> maturity, either upon mandatory redemption or at the option of the Issuer. At the direction of the
<br /> Issuer the Paying Agent/Registrar shall either deliver paid Bonds, the Outstanding Bonds, and any
<br /> Revenue Bonds to the Issuer or destroy all paid Bonds, and any Revenue Bonds, and furnish the
<br /> Issuer with an appropriate certificate of cancellation or destruction.
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<br /> Section 24. REVENUE BONDS. (a) That the Issuer shall have the right and power at any
<br /> time and from time to time, and in one or more Series or issues, to authorize, issue, and deliver
<br /> additional parity revenue bonds (herein called "Revenue Bonds"), in accordance with law, in any
<br /> amounts, for any lawful purpose, including the refunding of any Bonds, the Outstanding Bonds,
<br /> Revenue Bonds, or other obligations. Such Revenue Bonds, if and when authorized, issued, and
<br /> delivered in accordance with this Ordinance, may be payable from and secured by an irrevocable
<br /> first lien on and pledge of the Net Revenues, all as hereinafter provided.
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<br /> (b) That Revenue Bonds, if and when authorized, issued, and delivered in accordance with
<br /> this Ordinance, shall be payable from a Interest and Sinking Fund to be created hereafter by the
<br /> ordinance authorizing the issuance thereof which shall be funded in equal monthly installments,
<br /> and shall be payable from and secured by an irrevocable lien on and pledge of the Net Revenues,
<br /> equally and ratably on a parity with all other outstanding Revenue Bonds, if any.
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<br /> (c) That the principal of and interest on all Revenue Bonds must be scheduled to be paid or
<br /> mature on June 15 and/or December 15 of the years in which such principal and interest are
<br /> scheduled to be paid or mature.
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<br /> Section 25. FURTHER REQUIREMENTS FOR REVENUE BONDS. That the Revenue
<br /> Bonds shall be issued only in accordance with this Ordinance, and no installment, series, or issue
<br /> of Revenue Bonds shall be issued or delivered unless:
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<br /> (a) The Mayor of the Issuer and the City Clerk sign a written certificate to the effect that the
<br /> Issuer is not in default as to any covenant, condition, or obligation in connection with all the
<br /> Bonds, the Outstanding Bonds, and any Revenue Bonds, and the ordinances authorizing same, and
<br /> that the Interest and Sinking Fund and Reserve Fund for both the Bonds, the Outstanding Bonds,
<br /> and any Revenue Bonds, each contains the amount then required to be therein.
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<br /> (b) An independent certified public accountant, or independent firm of certified public
<br /> accountants, acting by and through a certified public accountant, signs a written certificate to the
<br /> effect that, in his or its opinion, during either the next preceding fiscal year, or any twelve
<br /> consecutive calendar month period ending not more than ninety days prior to the passage of the
<br /> ordinance authorizing the issuance of the then proposed Revenue Bonds, the Net Revenues were,
<br /> if the then proposed Bonds are to be Rvenue Bonds, at least equal to the aggregate of 1.10 times
<br /> an amount equal to the average annual principal and interest requirements of all then outstanding
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