My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
03-23-1998 Council Packet
Orono
>
City Council
>
1950-2024
>
1997-1999
>
1998
>
03-23-1998 Council Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/14/2025 12:32:39 PM
Creation date
1/14/2025 12:30:37 PM
Metadata
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.
/
516
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).
Show annotations
View images
View plain text
Section 8. Anthr>ri7ation nf Payments . The City Treasurer is hereby authorized and <br />directed on the date of issuance and delivery of the Bonds to pay from the proceeds of the sale of the <br />Bonds the fees and expenses of the following persons incurred in connection with the issuance of <br />the Bonds up to the maximum amount set forth opposite the name of such person upon receipt by <br />the Authority of a satisfactory statement therefor: <br />Service <br />Performed <br />Maximum <br />Amount <br />Financial Consultant <br />Trustee and Escrow Agent <br />Bond Counsel <br />Rating of Bonds <br />Payes <br />Ehlers & Associates, Inc. <br />Minneapolis, Minnesota <br />Firstar Bank of Minnesota, <br />Dorsey & Whitney LLP <br />Moody's Investors Service, Inc, <br />The claims of the above persons up to the maximum amount set forth opposite the name of such <br />person *3 hereby approved and no further action of this Board shall be necessary in connection with <br />the payment of such fees and expenses of issuance of the Bonds. <br />Section 9. Qualified Tax-F.xemnt Obligations . In order to enhance the marketability <br />of the Bonds, and since the Authority and all subordinate entities do not reasonably expect to issue <br />in excess of $10,000,000 of governmental and qualified 50l(cX3) bonds during calend^ year 1998, <br />the Bonds are hereby designated by the Authority as "qualified tax-exempt obligations" pursuant to <br />Section 265(b) of the Code. <br />Section 10. Redemption of Refunded Bonds and Certification of PrOCecdiOgS- <br />(a) The Secretary is directed to call the Refunded Bonds for redemption and <br />prepayment at their earliest permissible redemption date (Feb^ 1,2001) and to give notice of <br />redemption in accordance with the resolution authorizing the issuance of the Refunded Bonds. <br />Page 5 of 7
The URL can be used to link to this page
Your browser does not support the video tag.