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ORDINANCES & RESOLUTIONS 1981
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ORDINANCES & RESOLUTIONS 1981
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10/13/2005 10:11:54 AM
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1981
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<br />I <br /> <br />of the bonds. Said notice shall specify the principal amount <br /> <br /> <br />of the Bonds to be called for redemption, the applicable <br /> <br /> <br />redemption price or prices and the provision or provisions <br /> <br /> <br />above specified pursuant to which such Bonds are to be called <br /> <br /> <br />for redemption." <br /> <br /> <br />b. amending §302 of said Trust Indenture to delete <br /> <br /> <br />the third paragraph of said §302 and substitute therefore <br /> <br /> <br />the following: "On the redemption date, funds shall be <br /> <br /> <br />placed with the Trustee to pay such Bonds and accrued <br /> <br /> <br />interest thereon to the redemption date and the premium if <br /> <br /> <br />any. Upon the happening of the above conditions, the Bonds, <br /> <br /> <br />or portions thereof, thus called shall not thereafter bear <br /> <br /> <br />interest, shall no longer be protected by this mortgage, and <br /> <br /> <br />shall not be deemed to be outstanding under the provisions <br /> <br /> <br />of this mortgage." <br /> <br /> <br />c. amending §302 of said Trust Indenture by deleting <br /> <br /> <br />"thirty (30) days" wherever it appears in said §302 and <br /> <br /> <br />substituting therefore "ten (10) days." <br /> <br /> <br />d. amending §30l of said Trust Indenture by deleting, <br /> <br /> <br />from the first sentence of the third paragraph thereof, the <br /> <br /> <br />words "on any interest payment date" and substituting therefore <br /> <br /> <br />the following: "at any time." <br /> <br /> <br />2. Notice of the proposed execution of Supplemental Inden- <br /> <br /> <br />ture shall be published, one time, in an Indianapolis newspaper <br /> <br /> <br />or financial journal of general circulation among dealers of <br /> <br /> <br />municipal securities. <br /> <br /> <br />3. A copy of this Ordinance, when delivered to the Trustee <br /> <br /> <br />shall serve as Issuer's request to enter into the above described <br /> <br /> <br />Supplemental Indenture. <br /> <br /> <br />4. The President of this Town Board and the Clerk are hereby <br /> <br /> <br />authorized to execute the Supplemental Indenture. <br />
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