My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1979
City-of-Paris
>
City Council
>
Minutes
>
1974-1979
>
1979
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/3/2015 9:08:20 AM
Creation date
2/19/2015 9:03:00 AM
Metadata
Fields
Template:
CITY CLERK
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
353
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
The Trust Agreement shall provide for the payment of all <br />revenues from the Project into an account i-A th the Trustee <br />with provisions for the payment of current expenses there- <br />from and the transfer of the net remaining funds into <br />appropriate additional accounts for the purpose of provid -'. <br />ing a maintenance reserve,-funds for current bond and /or <br />note service, reserves for bond and /or note service and. <br />bond and /or note redemption, all in a manner and form <br />acceptable to the Government. The funds in all such <br />accounts shall be held.in trust and shall.-be secured as <br />required by law for deposit of Government funds. <br />j. In the event a Trust Agreement is not required by the <br />Government, the Grantee/Borrower may be required by the Govern- <br />ment to establish such accounts, perform such duties and comply <br />with such terms and conditions as the Government might <br />ordinarily require of.a Trustee in a Trust Agreement. <br />k. The Grantee /Borrower'shall establish such accounts and <br />maintain such accounting procedures as may be necessary or <br />helpful in the accurate accounting for and segregation of <br />Project revenues and for the allocation of expenses, costs of <br />maintenance and overhead. <br />1. Moneys on deposit to -the credit of accounts and funds _ <br />established and maintained in conformity with the provisions of <br />this Agreement or to fund payments from net revenues may be <br />invested upon request by the Borrower, in direct obligations of <br />or obligations, the principal of and the interest on which are <br />guaranteed by the U. S. Government. Any interest earned on <br />deposits of grant funds in advance of costs incurred shall inure <br />to the benefit of the Government.. <br />m. So long as the Goverpment holds any of the Bonds acid /or <br />Notes, it will waive for such Bonds and /or Notes the noncallable <br />provisions,-redemption premiums, and publications and notice of <br />call applicable thereto with respect to the Bonds and /or Notes <br />held by the. Government. <br />.n. This Agreement is not for the benefit of third parties, <br />including the holders in due course.from time to time of any <br />of the Bonds and /or Notes, and the Government shall be under no <br />obligation to any such parties, whether or not indirectly <br />interested in said Agreement, to pay any charges or expenses <br />incident to compliance by the Borrower with any of its duties or <br />obligations thereunder. <br />or As long as the Bonds and /or Notes are held by the Government,. <br />the* Grantee /Borrot•.er shall not dispose of its title to ' --see Pro-- <br />.ject or to any useful part thereof without first obtaining the <br />written consent of the Government. <br />
The URL can be used to link to this page
Your browser does not support the video tag.