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191
<br />
<br />November 9, 1982
<br />
<br />in New York, New York, as the paying agents for the 8onds. The interest on any Bond while
<br />registered as to b~oth principal and interest,shall be payable by the City by check or draft
<br />mailed to the registered owner at such owner s address as shown on the books of registry. The
<br />principal of and premium, if any, on the Bonds are payable at the principal office o~ eitherof
<br /> such paying agents for the Bonds.
<br />
<br /> 3. The full faith and credit of the City shall be and hereby is irrevocably pledged to the
<br />payment of the principal of and interest on the bonds as the same become due. In each year
<br />while the Bonds, or any of them, are outstanding and unpaid, there shall be assessed, levied
<br />and collected, at the same time and in the same manner as other taxes in the City ar~ assessed.
<br />levied and collected, upon all property within ithe City subject to taxation b the Cit ~ ·
<br />sufficient to provide for the payment of the p~incipa] of and interest on theYBonds ~sY~h~ ~e
<br />become due.
<br />
<br /> 4. The proceeds of the sale of the Bonds s!hall be applied to the payment of the costs of
<br />tbs following public improvement projects in suibstantially the following respective amounts:
<br />
<br />Community Services
<br />Education
<br />Parks and Recreation
<br />Public Safety
<br />Urban transportation
<br />Drainage, Curb, Gutters and
<br /> Street Improvements
<br />Urban Renewal Construction
<br />Crawford Harbor Waterfront
<br /> Improvements:
<br /> Harbor,Street Parking Garage
<br /> Contribution for Urban Renewal
<br /> ~oject
<br /> Street Improvements
<br /> Purchase of former Coast Guard
<br /> Base
<br /> Bulkhead Extension
<br /> Other
<br />
<br />$2,100,000
<br />1,200,0OO
<br />~,lO0,O00
<br />1,O00,000
<br />3,5OO,0OO
<br />
<br /> 1,400,O00
<br /> 1,600,OO0
<br />
<br /> 5,371,543
<br />
<br /> 1,927,OO0
<br /> 1,166,000
<br />
<br /> 690,000
<br /> sOo,ooo
<br /> 445,457
<br />
<br />Total $12,O00,OO0
<br />
<br />pzovided that if any such project shall require less than the entire amount set forth above
<br />opposite such project, the difference may be applied to any other such project.
<br />
<br /> S. The City shall make no use of the proceeds of the sale of the Bonds which would cause
<br /> the Bonds to be "industrial development bonds" or "arbitrage bonds" under Section 103 of the U.
<br /> S. Internal Revenue Code of 1984, as amended, and the City shall comply with the applicable
<br /> regulations of the Internal Revenue Service adopted under such Section 103 so long as any Bond
<br /> is outstanding.
<br />
<br /> 6. The,B~nds shall be sold in conjunction with the sale of the ~8,000,000 Public Utility
<br />Bonds O{~t~$~ui£~ authorized by this Council at the meeting at which this resolution ~s adopted
<br />The notice of sale of the Bonds referred to in Section 10 and the legal notice referred to in
<br />Section 11 shall each contain provisions suitably recognizing and providing with respect to the
<br />foregoing.
<br />
<br /> '7~'Th~' Bonds shall be executed, for and on behalf of the City by the manual or f4csimile
<br />signatures of the Mayor and Director of Finance of the City, and the corporate seal of the City~
<br />shall be impressed or a facsimile thereof imprinted on the ~onds and attested by the manual ~r
<br />facsimile signature of the City Clerk of the City; provided, however, that at l~ast o~e of s~chl
<br />signatures on the Bonds shall be a manual signature. The Bonds, except when registered as to
<br />both principal and interest, shall have coupons attached thereto representing the interest on
<br />the Bonds, which'coupons shall be executed by the facsimile signature of the Director of Finance.
<br />
<br /> ' 8. CUSIP identification numbers may be printed on the Bonds, but neither the failure to
<br />print any such number or any Bond nor any error or omission with respect thereto shall consti-
<br />tute cause for failure or refusal by the successful bidder for the Bonds to accept delivery
<br />and pay for the Bonds in accordance with the terms of its bid. No such number shall constitute
<br />or be deemed to be a part of any Bond or a part of the contract evidenced thereby and ~o lia-
<br />bility shall attach to the City or any of its officers or agents because of or on accoant of
<br />any such number or any use made thereof. All expenses in relation to the printing of such
<br />numbers on the Bonds shall be paid by the City; provided, however, that the CUSIP Service
<br />Bureau charge for the assignment of such numbers shall be the responsibility of and sh~l] be
<br />paid for bF the successful bidder for the Bonds.
<br />
<br /> A copy of the complete final legal opinion with respect to the Bonds, with the na
<br />attorney or attorneys rendering same, together with a certification of the City Clerk,
<br />by a facsimile.. ~..~ .~signature:~ . . of that. officer, to the effect that such copy is a true and c
<br />copy of ~he legal opmnmon which was dated as of the date of delivery of and payment fo
<br />Bonds, may be printed on the Bonds.
<br />
<br /> 9. The Bonds, the coupons appertaining to the Bonds and the provisions for regist
<br />be endorsed on the Bonds shall be in substantially the following forms, respectively,
<br />
<br />ne of the
<br /> executed
<br />~rrect
<br /> the
<br />
<br />~tion to
<br />co-wit:
<br />
<br />
<br />
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