Laserfiche WebLink
CITY OF MARTINSVILLE, VIRGINIA <br /> <br />AN ORDINANCE AUTHORIZING THE ISSUANCE OF UP TO <br />$4,100,000 PRINCIPAL AMOUNT OF GENERAL OBLIGATION <br />REFUNDING BONDS OF THE CITY OF MARTINSVILLE, <br />VIRGINIA, AND PROVIDING FOR THE FORM, DETAILS AND <br />PAYMENT THEREOF <br /> <br />Adopted on May 11, 1999 <br /> <br />VIRGINIA <br />In City of Martinsville Circuit Court <br />Clerk's Office. <br /> Received and Filed this the <br />~_te~~ Cterk <br /> <br />Section 1- <br /> <br />Section 2 - <br />Section 3 - <br />Section 4 - <br />Section 5 - <br />Section 6 - <br />Section 7 - <br />Section 8 - <br />Section 9 - <br /> <br />Section 10- <br />Section 11 - <br />Section 12- <br />Section 13 - <br />Section 14 - <br />Section 15 - <br /> <br /> TABLE OF CONTENTS <br /> <br /> Page <br /> <br />Definitions. .................................................................................................................... <br />Findings and Determinations ....................................................................................3 <br />Authorization, Form and Details of the Bonds ............. ~.....~.~'.....~ ...........................3 <br /> <br />Creation of Proceeds Fund ......................................................................................13 <br /> <br />Payments into Proeecds Fund .......... ', ......................................................................13 <br /> <br />Creation of Bond Fund ............................................................................................13 <br />Accounts Within Funds ...........................................................................................13 <br />Investment of Funds .................................................................................................13 <br />Defeasanee .................................................................................................................14 <br /> <br />General Obligation ...... ~ ............................................................................................14 <br /> <br />Event of Default ..................................................v ....................................................14 <br /> <br />Enforcement by Bondholders .................................................................................15 <br />Modification of Bond Ordinance ............................................................................15 <br /> <br />Application of Proceeds; Sale of Bonds .................................................................16 <br /> <br />No Arbitrage Covenant and Covenants and Designations as to the Code 16 <br /> <br /> <br />