Agenda 03/23/1999 - Laserfiche WebLink

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"Note Fund" shall mean the Note Fund established by Section 6. "Note Period" shall mean the period beginning on the Closing Date and ending on the 15th day of January, 2001. "Noteholders" or "Holders" shall mean the registered owners of the Notes. "Notes" shall mean the City's General Obligation Notes (Albert Harris Elementary School Project), Series 1999, in an aggregate principal amount not to exceed $7,500,000 authorized to be issued hereunder. "Outstanding" when used in reference to the Notes shall mean, as of a particular date, the Notes authenticated and delivered under this Ordinance except as to: (i) any Note which is canceled by the City at or before such date; (ii) any Note for which cash equal to the principal amount of such Note, with interest to the date of maturity, shall have been deposited with the Paying Agent prior to maturity; (iii) any Note for the redemption or purchase of which cash or noncallable direct obligations of the United States of America, equal to the redemption or purchase price thereof to the redemption or purchase date, shall have been deposited with the Paying Agent, for which notice of redemption or purchase shall have been given in accordance with the Ordinance; (iv) any Note in lieu of,' or in substitution for which, another Note shall have been authenticated and delivered pursuant to this Ordinance; and any Note which is deemed paid under the provisions of Section 9, except that such Note shall be considered Outstanding until the maturity or redemption date thereof only for the purposes of actually being paid. "Paying Agent" shall mean the City Treasurer acting as Paying Agent hereunder as designated and authorized under Section 3 or the successors or assigns serving as such hereunder. "Principal Account" shall mean the Principal Account in the Note Fund established by Section 6. "Proceeds Fund" shall mean the Proceeds Fund established by Section 4. 2